Samsung SDS, the South Korean tech large, subsidiary of IT companies, has simply introduced a collaboration with Israel-based fintech and sensible cost supplier Credorex. In line with an report of The Korea Herald, March 4, the 2 firms will work collectively to develop a cost platform for European merchants and banks.
Samsung SDS is penetrating into European markets
A part of the proposed answer might be developed utilizing the Nexledger Common blockchain platform from Samsung SDS and with which merchants can robotically reconcile funds, transfers and invoices with their financial institution particulars.
That is built-in right into a cost platform, constructed utilizing the AI-based Brity Works from Samsung SDS, which is designed to automate numerous work processes.
The transfer marks a part of a deliberate push within the European markets by Samsung SDS, as president and CEO, Hong Received-pyo acknowledged:
"Along with Credorax, which makes a speciality of cost options, Samsung SDS will attempt to develop its actions within the European sectors which might be searching for digital transformation."
Zero information assessments present additional privateness
As a Cointelegraph reported, Samsung just lately up to date its Nexledger blockchain by integrating a knowledge-free answer.
The improve is meant to offer customers with a better degree of privateness by enabling the recording and authentication of transactions on a shared blockchain with out releasing confidential information.
The advantages of this could additional enhance the platform to be developed with Credorex.