FINEX Solutions, a FinTech company specializing in innovative digital banking solutions, announced today the integration of the blockchain technology into its omni-channel digital banking platform.
The integration of blockchain technology enables FINEX to provide a more efficient, secure, and cost-efficient processing of transactions. The natively integrated blockchain technology supports the execution of application processes and instructions initiated by bank customers or bank employees, and also the processing of 4-eye verification on instructions.
Blockchain is also utilized for more efficient and secure processing of immediate payments, such as international payments within banks groups. FINEX utilized Hyperledger for implementing blockchain-based distributed ledgers.
Gabor Blasko, Senior Partner at FINEX Solutions, maintains that integrating blockchain technology into FINEX’s omni-channel platform can provide a range of tangible benefits for financial institutions:
“After identifying a variety of use cases of Blockchain technology, we decided to further investigate the usage of this innovative technology to enhance our digital banking platform. The initial proof-of concept showed us that Blockchain can help us provide a higher level of security, and can also enable a range of benefits, such as the immediate processing of payments within bank groups. After the successful proof-of concept, we decided to integrate blockchain to our digital banking platform, and roll out this capability for our existing and future clients.”
FINEX Solutions is a FinTech company specializing in innovative digital banking solutions. FINEX was founded by digital banking and IT technology professionals, and is headquartered in Munich, Germany.
“FINEX experts have a proven track record in delivering successful digital banking transformation programs while working for the largest global banks. Our mission is to provide financial institutions with market-leading digital banking solutions.”, says the company.