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.”