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Blockchain Use Cases in Financial Services Industry - iFour Technolab Pvt. Ltd.

This blockchain Encryption technology can help reduce overall cyber frauds with 24 x 7 service that can be offered by banks. It allows financial institutions to create direct links internally and used a common database to keep track of the execution. The main feature is that transaction clearance and settlement without a central database in between.<br>

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Blockchain Use Cases in Financial Services Industry - iFour Technolab Pvt. Ltd.

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  1. https://www.ifourtechnolab.com/finance-custom-software-developmenthttps://www.ifourtechnolab.com/finance-custom-software-development

  2. USE CASES IN: FINANACE https://www.ifourtechnolab.com/finance-custom-software-development

  3. USE CASES IN: FINANACE Blockchain in Finance Encryption technology can help reduce overall cyber frauds Security Accessibility Auditing 24 x 7 service can be offered by banks Allows financial institutions to create direct links internally Technology can address below key areas: https://www.ifourtechnolab.com/finance-custom-software-development

  4. USE CASES IN: FINANACE Blockchain in Finance Encryption technology can help reduce overall cyber frauds Use common database to keep track of the execution Security Accessibility Auditing 24 x 7 service can be offered by banks PwC report, 24% of financial executives from around the world are very familiar Transaction clearance and settlement without central database Global Fintech Report 2017, 77% of Fintech institutes expect to adopt Blockchain production system or process by 2020 Allows financial institutions to create direct links internally Technology can address below key areas: https://www.ifourtechnolab.com/finance-custom-software-development

  5. USE CASES IN: FINANACE Central repository of all KYC documents Use Case 1: Digital Identity & KYC Process • Implement central blockchain ledger that can be accessed by all banks Can be accessed by banks anytime anywhere Reduces KYC time and cost drastically • KYC-Chain - Enabling organizations to manage KYC processes for individuals & corporates Customers to submit KYC once Initiatives: Benefits: https://www.ifourtechnolab.com/finance-custom-software-development

  6. USE CASES IN: FINANACE Reduction of online frauds and security breaches Central repository of all KYC documents Use Case 1: Digital Identity & KYC Process Use Case 2: Online Trading • Blockchain based online trading platforms that can enable easy exchange of assets online • Implement central blockchain ledger that can be accessed by all banks Can be accessed by banks anytime anywhere Fast trading processes Overall time and cost reduction Reduces KYC time and cost drastically • KYC-Chain - Enabling organizations to manage KYC processes for individuals & corporates • Everledger - Blockchain implementation & a digital ledger that protects & tracks assets Minimal transaction charges Customers to submit KYC once Initiatives: Benefits: Benefits: Initiatives: https://www.ifourtechnolab.com/finance-custom-software-development

  7. USE CASES IN: FINANACE Reduction of online frauds and security breaches Can simplify the overall mortgage processes Use Case 2: Online Trading Use Case 3: Mortgages • Blockchain based online trading platforms that can enable easy exchange of assets online • By removing third party in Loan & Credit Industry, money can be borrowed directly at lower interest rate Can result savings in between 6% to 15% for mortgage lenders Fast trading processes Mortgage processing fees can be drastically reduced Overall time and cost reduction • Blockchain Mortgage - Make a person ‘home-owner’ in 5 days instead of 42 days which traditional sources generally take • Everledger - Blockchain implementation & a digital ledger that protects & tracks assets Minimal transaction charges Initiatives: Initiatives: Benefits: Benefits: https://www.ifourtechnolab.com/finance-custom-software-development

  8. USE CASES IN: FINANACE Funding gets cheaper as middleman costs are cut Can simplify the overall mortgage processes Use Case 4: Fundraising Use Case 3: Mortgages • By removing third party in Loan & Credit Industry, money can be borrowed directly at lower interest rate • Immediate access to liquidity through Initial Coin Offerings (ICOs) • Creating crypto economic model of funding that access to capital from traditional financial services Flexibility for the investors Can result savings in between 6% to 15% for mortgage lenders • Oodles Technologies–Niche in awe-inspiring domains like Blockchain and deliver end-to-end development solutions Mortgage processing fees can be drastically reduced Funds can be collected in fiat as well as cryptocurrency which attract investors • Blockchain Mortgage - Make a person ‘home-owner’ in 5 days instead of 42 days which traditional sources generally take Initiatives: Initiatives: Benefits: Benefits: https://www.ifourtechnolab.com/finance-custom-software-development

  9. USE CASES IN: FINANACE Funding gets cheaper as middleman costs are cut Simplification of overall insurance claim processes Use Case 4: Fundraising Use Case 5: Insurance • Immediate access to liquidity through Initial Coin Offerings (ICOs) • Creating crypto economic model of funding that access to capital from traditional financial services • Simplify overall insurance process and thus reduce overall time & cost in insurance claim process Flexibility for the investors Elimination of middleman • Safeshare Global - First company in the world that launched a blockchain-based solution for insurance • Oodles Technologies–Niche in awe-inspiring domains like Blockchain and deliver end-to-end development solutions Funds can be collected in fiat as well as cryptocurrency which attract investors Reduction in time and cost Fraud detection and risk prevention Initiatives: Initiatives: Benefits: Benefits: https://www.ifourtechnolab.com/finance-custom-software-development

  10. USE CASES IN: FINANACE What we offer? Custom Blockchain mobile and software Blockchain Consulting Cryptocurrency (ICO) https://www.ifourtechnolab.com/finance-custom-software-development

  11. USE CASES IN: FINANACE What we offer? Custom Blockchain mobile and software DApp Development Blockchain Consulting Hyperledger Service Cryptocurrency (ICO) Smart Contract Development https://www.ifourtechnolab.com/finance-custom-software-development

  12. USE CASES IN: FINANACE Contact Us info@ifourtechnolab.com Follow Us : https://www.ifourtechnolab.com/finance-custom-software-development

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