Tech Mahindra to Launch Blockchain for Finance Management & Insurance Solutions

Customers will be able to save USD4 million for every USD1 billion

Indian IT giant, Tech Mahindra partnered with American blockchain company Adjoint to launch industry's first blockchain solution for secure enterprise financial management and insurance solution. According to the news published by Moneycontrol on Aug. 30 that it will create a seamless and reliable customer experience. With these solutions, customers will be able to save USD4 million for every USD1 billion of financial risk management and banking relationships.

Global Head Blockchain, Tech Mahindra, Rajesh Dhuddu said,

“Tech Mahindra will partner with Adjoint to provide customized treasury and insurance solutions to Asia, Europe and the US markets. The solutions will help the clients improve profitability, efficiency and will help protect sensitive information in general data protection regulation (GDPR) compliant fashion. With Tech Mahindra focusing on the Banking, financial services and insurance (BFSI) sector across the globe, we are happy to collaborate with a financial technology company like Adjoint to enrich our Banking and Insurance Solutions offerings.”

Earlier this year, Tech Mahindra and Samsung SDS has announced that they will work jointly to offer Samsung SDS's blockchain platform, Nexledger, in the Indian and global market. #Mahindra #TechMahindra #Blockchain #Adjoint #CryptoNews