Corporate Finance, DeFi, Blockchain, Web3 News
Fintech, DeFi, Blockchain, Web3 Daily News by Finyear

Infosys Explores Blockchain Technology

Exploring the potential of blockchain technology is just one of the moves the Infosys banking unit is making, to turn around years of shrinking profits.

In 2012, Finacle was estimated to be worth $314 million USD, today the 6,000 person company has an estimated value of $300 million. According to business advisory firm NelsonHall, this is the result of a failure to penetrate the lucrative US market, and falling behind technological advancements in the industry.

Finacle has been in the midst of change and reform since appointing a new CEO, Vishal Sikka, in late 2014. As well as exploring new technologies, and business strategies, the company has been acquiring a range of new talented employees. The new hires Include people from rival banking software firms, with offices in Silicon Valley - Systems, Applications & Products (SAP) Labs and Sopra Banking Software...

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Vendredi 17 Avril 2015