HFS Case Study: Infosys Delivers a Trusted Financial Ecosystem with Blockchain for SIDBI
The Small Industries Development Bank of India, also known as SIDBI, plays a crucial role in supporting the growth and development of small and medium enterprises (SMEs) in India. It facilitates financing for SMEs by generating income streams and offering credit lines through conventional lenders. However, overreliance on traditional lenders and a lack of transparency pose significant challenges to the effectiveness of SIDBI's efforts.
The issue of duplicate loans is particularly concerning, as it can lead to misallocation of funds, financial losses for SIDBI, and potential fraud. To address these challenges, SIDBI has embarked on an enterprise blockchain journey. Infosys has been a key partner in this journey, providing SIDBI with the expertise and technology needed to develop and implement blockchain-based solutions.
HFS collaborated with Infosys and SIDBI to produce a comprehensive case study that delves into the intricacies of SIDBI's transformative enterprise blockchain journey, shedding light on the challenges encountered and the remarkable progress achieved.
To learn more, download the case study.
