2018 Model Bank Winner for Trade Finance & Supply Chain: India Trade Connect
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Celent recognizes India Trade Connect as the 2018 Model Bank: Trade Finance & Supply Chain for their India Trade Connect initiative.
Seven Indian banks teamed with Infosys Finacle to launch a blockchain-based domestic trade finance platform, India Trade Connect. Their focus is on three core processes: validate ownership, certify documents, and make payments. This network enables automation and transparency and improves risk mitigation in domestic trade and supply chain finance operations.