Today, Samsung SDS announced a partnership with Israel-based fintech and payments firm Credorax to collaborate on enterprise blockchain and Robotic Process Automation (RPA) based account reconciliation platform business. The two will work on business opportunities targeting e-commerce, banking, and fintech in the European market.
Credorax is a licensed acquiring bank that provides solutions for credit card payment processing to e-commerce and omnichannel merchants. The company has a presence in over 30 European countries, the United States, Japan and China. The firm aims to leverage Samsung’s Nexledger Universal blockchain platform to improve efficiency, security and speed of its account reconciliation platform.
Nexledger Universal offers a standardized service API that integrates with the in-house Nexledger Consensus Algorithm (NCA) and other blockchain technologies, including Hyperledger Fabric and Ethereum. Samsung SDS also provides tools and services to deploy blockchain solutions using its Nexledger platform and has worked with several industries in the past.
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