Axis Bank becomes third lender to offer block chain service

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  • Private sector Axis Bank on Monday became the third lender in the country to announce usage of block chain solutions for its operations, after its peers
    1. ICICI Bank and
    2.Yes Bank.
  • Block chain solutions is a distributed database that maintains a continuously growing list of ordered records called blocks.
  • It is said to reduce turnaround times, is transparent and also ensures zero errors.
  • Axis Bank has tied up with fintech firm Ripple to offer the solution.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Who became the third lender bank in the country to announce usage of block chain solutions for its operations? 
– Axis Bank. 

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