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Salil Godambe

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

Raghavasuresh Samudrala

Industry Solution Advisor, Banking and Financial Services, TCS

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.