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Block chain technology

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Simplify Inter-entity Data Reconciliation using Blockchain 

Blockchain based real-time accounting can replace complex manual processes

Large banking groups often use different accounting methods as per local regulations, to reconcile inter-entity accounting data. This proves to be arduous, complex, and time-consuming. Blockchain technology can help banks streamline inter-company accounting processes. However, with the technology still being in a stage of infancy, comprehensive use case testing is the need of the hour. 

Salil Godambe

Domain Consultant, Finance and Reporting Practice, Banking and Financial Services, TCS

Raghavasuresh Samudrala

Industry Solution Advisor, Banking and Financial Services, TCS

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