NIIT Technologies Partners With R3 to Build Solutions on Corda Platform

Deepthi | Myequity news | Date : 15-11-2018 15:40:00 IST

NIIT Technologies Ltd. a leading global IT solutions organization, today announced a global partnership with enterprise blockchain software firm R3 to develop innovative solutions for Banking and Financial Services, Insurance and Travel and Transportation verticals on R3'sCorda, an open-source blockchain platform.

As a part of the partnership, both the organizations will jointly develop solutions that combine the domain expertise of NIIT Techno logies and leverage R3'sCorda platform and pursue customer opportunities.

Sudhir Singh, CEO, NIIT Technologies stated, "Our partnership with R3 is yet another milestone in strengthening our capabilities in the emerging technologies space. Through these solutions, our customers will be able to realize the full potential of blockchain and drive transformation in their businesses - executing complex logic to exchange of assets directly, simply and in strict privacy, without the need for costly reconciliation".

David E. Rutter, CEO of R3
, "NIIT Technologies is a global leader in bringing the latest cutting edge technologies, from cloud computing to artificial intelligence, to enterprises across a wide range of sectors. This makes NIIT Technologies a perfect partner for R3, with our focus on developing blockchain technology tailored to the demands of enterprise. Corda will enable NIIT Technologies to exchange data securely and efficiently, developing new solutions to meet the evolving needs of its global client base".

About NIIT Technologies Ltd.

NIIT Technologies is a leading global IT solutions organization, enabling its clients to transfonn at the intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact. The Company focuses on three key verticals: Banking and financial services, Insurance, Travel and Transportation. This domain strength is combined with leading-edge capabilities in Data & Analytics, Automation, Cloud, and Digital.

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