Infoteria and Dragonfly Fintech announces partnership

FinTech | April 26, 2016 By:

Infoteria Corporation is teaming up with Dragonfly Fintech to develop solutions that will enhance payment, clearing and settlement solutions for the financial services industry.

The key area for collaboration will be in applying IC’s ASTERIA middleware product to create a more user friendly abstraction of DF’s Transaction Ecosystem Platform Solution (TEPS).

ASTERIA is an optimum product for non-coding development for users in a wide array of industries. On the other hand, TEPS is a pioneering leading edge private blockchain solution that runs on the NEM powered, Mijin fast transaction engine. The NEM blockchain solution is specifically tailored for the financial industry and does not require financial institutions to do massive changes to their core banking system.

The proposed partnership will allow TEPS to fast track the development of value added Business Intelligence (BI) analysis, operation automation, as well as using it as a tool for Anti-Money Laundering (AML) analytics for a holistic offering. It takes away the need to understand the steep learning curve of the blockchain technology and jumpstart the use and integration of TEPS into core banking systems.

Infoteria Corporation is a Japanese company that specializes in providing software and related support, consulting, and training. Dragonfly Fintech is a Singapore-incorporated financial technology company.