The State Bank of India (SBI) is now the first Indian bank to join JPMorgan’s blockchain network, Liink. News of SBI’s integration with JPMorgan’s new blockchain-based interbank data network was by The Economic Times on the 23rd of February.
The integration will allow SBI to offer reduced transaction costs and also improve cross-border payments for customers.
The deputy managing director at SBI, Venkat Nageswar, noted that the bank has gone live on the new blockchain network. He said:
“We continue to actively explore how emerging technologies can enhance our clients’ experience.”
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