County Bancorp (ICBK) Declares $0.07 Quarterly Dividend; 1% Yield

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Go back to County Bancorp (ICBK) Declares $0.07 Quarterly Dividend; 1% Yield

India's Infosys sets up blockchain-based trade finance network with seven banks

May 16, 2018 6:00 AM EDT

By Sankalp Phartiyal and Devidutta Tripathy

MUMBAI (Reuters) - India's Infosys Ltd (NYSE: INFY) has formed a blockchain-based trade finance network with seven private-sector banks, to increase security and efficiency in the banking sector while also broadening its product offering.

India's second-biggest software services exporter, whose Finacle software powers the core functions of the majority of Indian lenders, is in talks to sign up more domestic and foreign banks to the network, senior company executives told Reuters on Wednesday.

Blockchain technology allows all stages of transactions to be securely shared between... More