Financial Services

Blockchain counteracts fraud - helping institutions to build trust

There are so many factors that complicate financial transactions nowadays. The need for collateral, time required for settlements, differences in currency denominations or third-party mediation are just some examples. Multi-step processes, especially those ones that require human interaction, are the prime targets for fraudsters who can take advantage of the lack of transparency and the multiple edits of the digital assets involved.

A great example of how this applies are Stock exchanges. The market participants such as traders, brokers, regulators and stock exchange are required to go through a cumbersome process, over three days to complete transactions, mainly due to the role of intermediaries, operational trade clearance and regulatory processes.

Financial Solution
Blockchain counteracts fraud - helping institutions to build trust

There are so many factors that complicate financial transactions nowadays. The need for collateral, time required for settlements, differences in currency denominations or third-party mediation are just some examples. Multi-step processes, especially those ones that require human interaction, are the prime targets for fraudsters who can take advantage of the lack of transparency and the multiple edits of the digital assets involved.

A great example of how this applies are Stock exchanges. The market participants such as traders, brokers, regulators and stock exchange are required to go through a cumbersome process, over three days to complete transactions, mainly due to the role of intermediaries, operational trade clearance and regulatory processes.

Financial Solution
How BAF helps?

Utilising blockchain technology enables us to reduce time, costs and dramatically decrease the chance to commit frauds. Validating documents through digital fingerprints ultimately makes:

  • financial transactions faster and more secure,
  • prevents the risk of frauds,
  • automates many banking processes currently requiring human interactions,
  • saves time and cutting costs for all the parties involved.

Blockchain technology offers huge potential for tracing securities lending, repo and margin financing and monitoring systemic risk, while speeding up the process for fast transaction settlements and reducing huge costs levied on customers in terms of commission.

REDUCED FRAUD

SECURED RECORDS

INCREASED EFFICIENCY

PROTECTED PRIVACY

How BAF helps?

Utilising blockchain technology enables us to reduce time, costs and dramatically decrease the chance to commit frauds. Validating documents through digital fingerprints ultimately makes:

  • financial transactions faster and more secure,
  • prevents the risk of frauds,
  • automates many banking processes currently requiring human interactions,
  • saves time and cutting costs for all the parties involved.

Blockchain technology offers huge potential for tracing securities lending, repo and margin financing and monitoring systemic risk, while speeding up the process for fast transaction settlements and reducing huge costs levied on customers in terms of commission.

REDUCED FRAUD

SECURED RECORDS

INCREASED EFFICIENCY

PROTECTED PRIVACY