Reliant Debt Data
in One Place
View debts data from different creditors in one place. Be sure of its accuracy, safety and immutability.
CrediVault
The industries most secure, blockchain-powered platform empowering debt originators, buyers, collectors and consumers with immutable information and data regarding their loans, receivables, payments and chain of title.
- Fintech
- Compliance
- Cybersecurity
- Governance services
Problem
Lack of an effective, holistic and systematic approach to off-balance sheet assets treatment makes operational monitoring of activities more difficult
The significant volume of off-balance sheet assets requiring precise operational accounting, including written-off loans, guarantees, court verdicts and other assets.
The operational control of off-balance sheet assets has become a priority for large and medium-sized financial organizations.
Mitigation the operational risks and relieving pressure on capital adequacy are critical for financial institutions.
Consequences
Increasing operational risks and pressure on capital adequacy in financial institutions.
The volume of off-balance sheet assets, including written-off loans, guarantees, court decisions and other assets important for large and medium size organizations is not properly accounted on an operational basis.
Why now
Requirements of international partners of investors
Global trend in fintech industry is moving towards blockchain use
Financial system security requirements tightened
Requirements of international partners and investors
Establishing closer relationships with clients
Digitalization of operations = optimization, elimination of human factor
Possibility to simplify external and internal audit
Flexibility and reliability of management reporting systems (MIS)
Solution
CrediVault is a highly secure distributed corporate platform.
CrediVault is a highly secure distributed corporate platform using distributed registry technology (DLT), platform IBM Hyperledger Fabric and international DEVSECOPS standarts to create a «single trusted source of truth» for financial and banking industries.
BlockChain CrediVault ensures the immutability of the key information of the financial institution, which implies complete impossibility of modifying or deleting data after entering the registry. Immutability implies mathematical and technical impossibility of making changes.
Traditional software platforms generally do not support this technology, making them more vulnerable to manipulating information both from their own dishonest employees and from outside (for example, during a technical «hack»).
Reliability and security of data transaction, transparency and control of information flows. Compliance with regulatory requirements, consumer protection, brand reputation
Technologically proven IBM Hyperledger fabric and Linux Foundation solutions
Multiple technology applications in the financial and banking sector, public administration, insurance, education, health and many others
Customer-friendly portal for clients and banks - everything in one place
Where can it be applied?
- Public sector
- Insurance
- Education
- Healthcare
- Financial and banking sector
All have a need for secure storage of corporate data, clear compliance with the requirements of the regulator, protection of the legitimate rights and interests of the citizens, effective integration of all stakeholders.
Benefit for customers
Reliant Debt Data
Security & Scam Protection
Communicate with any of your creditors if you don't recognise any debt data or a transaction.
Fast & Convenient Payments
Make payments for your debts automatically; without intermediaries and additional costs.
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Fintech
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