Emirates NBD is the first in UAE and ICICI Bank is the first bank in India to pilot blockchain-based network for international remittances and trade finance. EdgeVerve Systems, a wholly owned product subsidiary of Infosys, Emirates NBD, the leading banking group in Middle East and ICICI Bank Limited, India’s largest private sector bank by consolidated assets, today announced the pilot launch of blockchain network for international remittances and trade finance. Both, Emirates NBD and ICICI Bank run Finacle solutions suite and have leveraged the blockchain framework to route business transaction between the two entities for remittances and trade finance business. Read more: bobsguide.com
