Moving Money Around the World with Blockchain
Reduced time, minimal expenses
Lower asset exchange fees
Cutting out the middleman
Less time, little cost
Automated processes
No to a tedious paperwork
Reduces the instability
Fraud detection and prevention
Blockchain is a Great Deal for Banking
From facilitating faster payments to clearance and settlement systems, blockchain could change the banking world. Its distributed ledger technology (DLT) enables banks and financial institutions to settle transactions directly and track them better than existing protocols such as centralized SWIFT.
Blockchain is Set to Revolutionize the Traditional Banking Services
Digital identity verification
Auditing and accounting
Data analysis and security systems
Data integrity and validity
Secure digital storage of customer data
Secure internet bank Integrations and data transfers
Open banking integrations
Inter-bank fraud reporting
Peer-to-peer loans and transfers
Decentralization is the Ultimate Destination
Banks will no longer need to depend on a network of custodial services and regulatory bodies. Blockchain's decentralization nature cuts down the verification from third parties and accelerates the payments at lower processing fees.
