Software package based on Credits Private blockchain for building interbank and intrabank interactions for sending commercial messages and commands.
The system allows controlling and confirming all internal and external client transactions, cross-border transfers and payments.
Due to decentralization and immutable transaction history, the database allows authorized users to track and analyze transactions within any period.
The solution is implemented on Credits Private blockchain and has the following features:
Credits is able to provide features necessary for verification of Nostro accounts such as:
Real-time events processing.
Updating transaction status.
Complete audit trails.
Visibility of expected and available balances.
Simplified real-time confirmation of account records.
Identifying pending records and potentially related issues, as well as the data necessary for reporting.
Saving up to 90% of the SWIFT costs.
A system deployed on Credits private blockchain for inter and intra-bank use and communications between corporate, branches and subsidiaries.