IT services giant Infosys adopts Chainlink tools in push for institutional onchain finance
Infosys Limited provides IT services and consulting to corporations and governments, with a focus on building and modernizing technology systems.
Chainlink just landed one of its biggest institutional partnerships yet. Infosys, the Indian IT services behemoth listed on the NYSE under INFY, is integrating Chainlink’s suite of blockchain tools into its banking and payments infrastructure, which currently services more than 1.7 billion customer accounts worldwide.
What the partnership actually involves
Infosys, which helps businesses and governments develop, modernize and manage IT systems, has teamed up with Chainlink to develop infrastructure for institutional onchain finance, according to a Sept. 22 statement.
The partnership will cover a range of Chainlink interoperability, compliance, data and reserve-verification services, company said.
Infosys, which supports banking and payments infrastructure for more than 1.7 billion customer accounts worldwide, will standardize the adoption of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Chainlink Runtime Environment (CRE), Automated Compliance Engine (ACE), Proof of Reserve, Data Streams and Data Feeds as part of the collaboration.
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Through strategic collaboration, the two companies aim to provide financial institutions with a path into onchain markets and blockchain-based financial applications.