BUSINESS CASE

Atlas for Finance

Smarter finance to accelerate the digital economy

Cryptocurrencies have already transformed expectations for both people and enterprises in the finance industry. Even if decentralized infrastructures are challenged by fundamental requirements such as liability, confidentiality, or scalability, digital cash and smart contracts are concepts that resonate deeply in the digital 2.0 era. There are substantial opportunities for banks to disrupt themselves and find growth in new markets where their IT capabilities and trust capital are unmatched. However, enterprise blockchain or distributed ledger technologies usually amplify roadblocks to progress by neglecting audit and compliance requirements and introducing complex governance models.

Sky Republic Atlas fits perfectly into complex financial ecosystems and works seamlessly to meet the needs of regulators, authorities and intermediaries in business. Sky Contracts simplify and automate community transaction workflows to distribute data and records of related assets into any database. Atlas Nodes automatically replay Sky Contracts ledgers so that the entire community can benefit from on-the-fly reconciliation and compliance.

From know your customer (KYC) requirements, trade finance, clearing and settlements to tokenization use cases, Atlas provides the maturity of middleware and the substance of blockchain innovation for financial organizations to accelerate their internal processes and offer new digital experiences to their customers at scale.

CASE SNAPSHOT

Atlas potential benefits in Finance

TRADE FINANCE

 

Automate letter of credit workflows, integrating supply chain events, suppressing financial intermediaries, and accelerating payments

Digitize and exchange documents to enable transparent review by import banks and invoice factoring by export banks, avoid duplicative bills of lading, and facilitate bank guarantees

screen-shot-2019-05-18-at-11.55.29-am

KNOW YOUR CUSTOMER

 

Digitize records to reduce paperwork for KYC, AML, accreditation or disclosures compliance across organizations

Aggregate records across organizations to increase accuracy and give KYC visibility end to end on transactions

screen-shot-2019-05-18-at-11.56.26-am

ASSET TOKENIZATION

 

Employ programmable and fractional ownership of traditional assets with smart securities to increase liquidity, accelerate settlement, and reduce servicing costs

Automate securities offerings and enable sharing economy in real estate, transportation, lending or crowdfunding

Create your digital coin for low-cost money transfers, instantaneous payments, reward contributions and customer loyalty

screen-shot-2019-05-18-at-11.51.59-am

PAYMENTS, CLEARING AND SETTLEMENT

 

Reduced complexity, especially for multiparty, cross-border transactions

Improved end-to-end processing speed and availability of assets and funds

Decreased need for reconciliation across multiple recordkeeping infrastructures

Increased transparency and immutability in transaction record keeping

Improved network resiliency through distributed data management

Reduced operational and financial risks

screen-shot-2019-05-18-at-11.54.27-am
screen-shot-2019-05-18-at-11.55.29-am

TRADE FINANCE

Automate letter of credit workflows, integrating supply chain events, suppressing financial intermediaries, and accelerating payments

Digitize and exchange documents to enable transparent review by import banks and invoice factoring by export banks, avoid duplicative bills of lading, and facilitate bank guarantees

screen-shot-2019-05-18-at-11.56.26-am

KNOW YOUR CUSTOMER

Digitize records to reduce paperwork for KYC, AML, accreditation or disclosures compliance across organizations

Aggregate records across organizations to increase accuracy and give KYC visibility end to end on transactions

screen-shot-2019-05-18-at-11.51.59-am

ASSET TOKENIZATION

Employ programmable and fractional ownership of traditional assets with smart securities to increase liquidity, accelerate settlement, and reduce servicing costs

Automate securities offerings and enable sharing economy in real estate, transportation, lending or crowdfunding

Create your digital coin for low-cost money transfers, instantaneous payments, reward contributions and customer loyalty

screen-shot-2019-05-18-at-11.54.27-am

PAYMENTS, CLEARING AND SETTLEMENT

Reduced complexity, especially for multiparty, cross-border transactions

Improved end-to-end processing speed and availability of assets and funds

Decreased need for reconciliation across multiple recordkeeping infrastructures

Increased transparency and immutability in transaction record keeping

Improved network resiliency through distributed data management

Reduced operational and financial risks

Ready to streamline your financial services and expand your business network?

Sign up for a trial and start leveraging the power of network consensus.

Get in Touch

Contact us today to start the discussion.