Tag Archives: Syndicate

[ad_2][ad_1] India Syndicate Bank to accelerate ATM reconciliation using Blockchain technology 20 January 2019 of Akshay Makadiya One of India's oldest lenders, Syndicate Bank, will leverage its private blockchain network to simplify and shorten the Automated Teller Machine (ATM) reconciliation process. It is a move that could prove instrumental in …

[ad_2][ad_1] BENGALURU: Indian banks such as ICICI Bank, Axis Bank and Kotak Mahindra Bank have so far used blockchains for cross-border remittances. Syndicate Bank is now extending its use by creating a private blockchain for ATM reconciliation. Blockchain is a distributed registry that records transactions occurring between different blocks and …