Finance

A workflow ledger by FileChain enables ISO-20022 cross-border messages to be recorded on a trusted ledger managed by multiple financial institutions and regulatory bodies.

Cross-border transactions can now be recorded irrefutably on a shared repository, any financial institution and regulatory body can self-audit.

Fine-grain privacy enforces only the appropriate actors can access the details of any transaction for irrefutable audit and compliance reports.

A provenance ledger by FileChain enables data used to implement any KYC, KYB or KYT scheme to be fully authenticated along with the trusted source of such data for absolute and streamlined compliance. 

Such repository of highly sensitive information can be owned by one financial institution or shared a number of financial institutions. In all cases, the highly confidential data from retail or corporate customers used for KYC, KYB or KYT is shared by cryptography to its intended target audience, not by code nor policy.  

A provenance ledger by FileChain enables to collect all reference data within a Know-Your-Transaction scheme for full compliance in Forex trade.

Any reference data for any Forex trade and payout trade made between liquidity providers are collected within an irrefutable repository with digital signatures, official timestamps and absolute control over who has access to what enforced by cryptography.

This way, competitors can collaborate on the same platform without any fear of any of their confidential data being revealed or accessed by anyone but the intended financial auditors and regulators:

• To streamline regulatory compliance

• To reduce operational costs

• To eliminate costly reconciliations

This shared trade repository owned by possibly multiple financial institutions combines the recording of all the pertinent reference data during day-to-day currency trading with the monthly or quarterly compilation of compliance reports to authorities to demonstrate no -insider trading knowledge for instance.

Financial regulators may also self-audit the relevant transactions and reference data directly on the ledger to streamline compliance fully (AML/CFT checks, KYT).

An ownership ledger by FileChain enables the tokenizationf of any Real World Asset (RWA) with full compliance.

Assets such as real-estate can be tokenized with fractional ownership of all share holders, investors, asset managers managed using digital signatures and stringent identity management to comply to all applicable regulatory frameworks.

Any paperwork, expenditure and revenue, over the full life-cycle of any tokenized asset (factory, apartment building, etc.) can also be tracked on the ledger with full compliance with an irrefutable audit trail.

Profit-loss statements and any other financial reports can be generated for accounting and dividend distribution based on fractional ownership by all relevant participants.

Auditors, accountants and other legal parties may also be owners but with 0 share to require their approval / signature to any asset transaction.