Intellect Global Transaction Banking, a division of the Indian technology firm Intellect Design Arena, engaged in transactional banking operations, joined the project of enterprise software firm R3 to develop Blockchain-based offers for banks and financial organizations on the Corda platform.
iGTB reports it “is exploring the development of scalable, commercially viable solutions on Corda in three mainstream areas: trade finance/supply chain finance, payments and cash management (PCM) and central banking.”
David E. Rutter, CEO of R3, reported that “iGTB is ideally placed to develop solutions across cash management, payments, trade and supply chain finance on Corda”.
IGTB CEO Manish Maakan, says that companies will explore, how Corda, in combination with iGTB technology, “can remove trade/supply-chain bottlenecks in corporate sales enablement, by helping companies increase their sales as well as market share in hugely competitive domestic and offshore markets”.
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