, the fintech integrator has announced Catalyst
platform for integrating various blockchain networks. Catalyst is one of a kind platform. It will connect business applications, financial market infrastructures and current blockchain networks. It will include networks build with Hyperledger Fabric.
Many financial organizations have applications with various complexities. The complexities associated with a particular application causes difficulties in integration. Catalyst has a simpler process to follow. It can connect with traditional infrastructures with the current blockchain networks. Catalyst follows the financial requirements of the financial services industry.
Hanna Zubko, CEO of IntellectEU stated, “The financial services industry is under pressure to innovate faster than ever while continuing to run efficiently and securely, and the benefits of distributed ledger technology have provided the opportunity to re-architect the industry.”
He also added, “At the same time enterprise blockchain projects cannot run independently; they have to become an integral part of the enterprise infrastructure. Catalyst allows financial institutions to integrate their blockchain solution of choice with existing back office systems.”
Catalyst integrates the present customer environments with blockchain solutions that are based on Hyperledger Fabric. The ISO 20022 compliant platform supports interoperability across different business firms.
Brian Behlendorf, Executive Director, Hyperledger stated, “Efficient and effective integration with legacy financial infrastructures is critically important to the widespread adoption of distributed ledger technologies.” Furthermore he quoted, “As a valuable member of our community, it’s great to see IntellectEU actively working on enabling financial services organizations to integrate Hyperledger Fabric directly within their existing environments.”
Thomas Bohner, Catalyst Product Manager IntellectEU stated, “Catalyst bridges the gap by integrating an array of blockchain technology solutions with existing financial infrastructures.”
He also said, “Catalyst offers flexible set-up, minimized maintenance cost and a low cost-entry while providing efficient, reliable, and secure data exchange between multiple enterprise applications.”
IntellectEU is a founding member of Linux Foundation’s Hyperledger. It is also a partner of IBM Blockchain
and Oracle Blockchain Cloud Services
. IntellectEU has its presence in New York, Brussels, Lisbon, Coimbra, Munich, Mexico-City and Kiev
Image via Shutterstock