Financial markets & institutions rely very heavily upon technology for every part of their business. Current pain-points in financial technologies:
- High maintenance and support costs
- Out-dated IT systems
- Need for manual reconciliation
- Systems that don’t “talk” to each other
BankChain is a community of banks for exploring, building and implementing blockchain solutions. Formed in February 2017 with State Bank of India (one of the largest banks in the world) being the first member, BankChain now has 33 members globally.
BankChain is operated by founder infotech a young startup born with the mission of creating blockchains for a better world.