Intain Fintech to launch blockchain product
Intain Fintech, an AI and block chain-based software products firm, will be launching eMulya, an intelligent block chain that facilitates efficient, secure and trustworthy asset securitisation transactions for NBFCs in India by end-2019. “We tested out this platform successfully for a portfolio of two-wheeler loans in India before formally launching it in the U.S. at Structured Finance Industry Group (SFIG) conference in February 2019,” said Siddhartha S., founder and CEO, Intain. “If this product was launched in 2007-08, it would have prevented NBFC crisis,” he claimed.
Intain has its global AI Lab in Pune with 10 people and it will hire 15 more staff in Chennai for this purpose.
Mr. Siddhartha said the firm had enough funds to carry its operations till 2019 and it was looking for raising $2 million.