India’s largest software exporter launching core banking software based on blockchain

posted almost 6 years ago
Tata Consultancy Services Ltd (TCS) is throwing its weight behind blockchain and getting ready to launch core banking software based on blockchain.

This will make India’s largest software exporter only the second large company globally to do so. Local rival Infosys Ltd launched a blockchain framework for Finacle, its core banking platform, earlier this year.

None of the other large companies, including Swiss banking software provider Temenos Group AG and Germany’s SAP AG, have any blockchain-based software in their core banking platform.

Mumbai-based TCS will launch the new offering called “enterprise platform” to enable transactions between customers of its BaNCS banking platform by the end of October, according to an executive familiar with the development who spoke on condition of anonymity.
Tags: news, blockchain