Infosys Finacle partners with R3

Infosys Finacle, a part of Infosys subsidiary EdgeVerve, has partnered with US-headquartered enterprise blockchain software firm R3 to enhance reach for its blockchain-based solutions for banks and other institutions. This partnership would enable banks to easily access and deploy Finacle's blockchain solutions on Corda, R3's open-source blockchain platform, said Infosys Finacle in a statement Sanat Rao, Chief Business Officer, Infosys Finacle, said: “Corda has a huge network of banks and joint go to market (with Finacle solutions) will bring together a strong value proposition. “With this partnership, banks will be able to leverage Finacle's blockchain solutions on the Corda platform to accelerate their blockchain based business re-imagination”. Rajashekara V. Maiya, Head, Business Consulting and Strategy, Infosys Finacle said Corda′s interoperability across different consortiums (blockchain platforms) would help improve efficiency for clients. He added: “Corda Enterprise edition has been made a cryptocurrency agnostic so that it can be used for any other industry. Our philosophy is matching with R3′s from that perspective.”