NRI FT INDIA, DIGITAL ASSET PARTNERSHIP MAKES TRANSACTION WORKFLOW TRANSPARENT, EFFICIENT

KUALA LUMPUR, May 21 (Bernama) -- Nomura Research Institute Financial Technologies India Pvt Ltd (NRI FT India) has partnered Digital Asset to create innovative capital market applications to synchronise business processes and make transaction workflow more transparent and efficient.

DAML, the open source smart contract language created by Digital Asset is used to model business processes, capturing the rights and obligations associated with any asset class, business transaction or complex multi-party workflow to drive automation and efficiency.

It is a core component of a number of Digital Asset projects and proof of concept, including those with the ASX, HKEX and other market infrastructure providers, according to a statement.

“Our rich domain expertise in capital markets and years of experience delivering mission-critical solutions has helped us rapidly establish competencies with DAML which is getting adopted by major markets in the APAC region,” said NRI FT India head of Global Delivery,  Maulindu Chatterjee.

“NRI FT India is looking forward to expanding the work we’re doing with Digital Asset in the Australian, Hong Kong and Japanese markets. Our collaboration with Digital Asset is a major strategic business opportunity for us.”

NRI FT India, a wholly-owned subsidiary of Nomura Research Institute provides a range of reliable, scalable and adaptable IT Solutions to capital market entities worldwide, while Digital Asset is a leading provider of distributed ledger technology solutions.

For more information, contact http://www.nrifintech.com and https://digitalasset.com.

-- BERNAMA