Decentralized technologies can bring transformative effects to the financial industry, allowing its participants to generate new non-core revenue, improve process efficiency, optimize end-user experience, gain access to new channels, and reduce risk in business operations.
No more 5+ intermediaries for every transaction.
No more hundreds of analysts for clearing data.
No more millions of losses to fraud.
Whether you are a bank, a fintech, an insurance company, or any other financial firm – gain a new edge in the financial industry with DGT’s market-leading suite of technologies.
The DGT Network is highly effective at decentralized processing. Even complicated, cross-border, or multi-party transactions can be processed at nigh-zero costs, with a minimum amount of intermediaries, and without sacrificing security or integrity of the transaction.
Cross-border payments are conducted as easily, as any other with the use of the DGT Network. High costs and prohibitive red tape are eliminated, allowing for a more efficient economy, and greater profit in processing transactions.
The DGT Network is very easy to integrate to – for the financial institution, for accompanying vertically or horizontally related businesses, and for the clients. Integration is low-cost and completed within weeks. The currency used on the DGT Network is the stable white-label DGT Coin, which does not expose transactions to unnecessary volatility brought on by cryptocurrencies, while retaining all of its privacy-related and efficiency benefits.
The DGT Network stores all transactions in an immutable and transparent structure of the DAG tree (Directed Acyclic Graph). Its several unique mathematical properties allow for near-instant transaction verification.
DAG can also hold any other type of data in an immutable, secure way. This includes KYC and verified user IDs (increasing security), validated transactions (fraud elimination), claims history and relevant personal information (insurance optimization and risk reduction), trade history, digital goods, and more. Data can be instantly analyzed and insight is available whenever needed.
At the same time, differential anonymity keeps personal data in the hands of users and available only to the businesses that the user chooses to share with.
DGT Network is a leader in Know-Your-Customer (KYC) solutions. Its robust KYC module uses machine learning capabilities and the proprietary ZT-PRIVACY Data Algorithm to facilitate privacy-compliant, but certain digital identity services that are currently used at major national central banks.
The DGT Network allows financial institutions to form and join ecosystems. Whether a medical insurance company joins an ecosystem of health services providers, smart devices, and customers – thus gaining access to unprecedented level of information; or a bank opens up an ecosystem where it offers more efficient processing and allows businesses on the DGT Network to join directly (without seeking out one-on-one level partnerships and selling), an ecosystem can reduce risk, increase business synergy and grow revenues significantly.
The DGT Network executes smart contracts. That means that agreements between businesses, the financial institutions, claims processing, sell orders, and more – are executed automatically and at almost no cost. Unlike most other blockchains that feature smart contracts, the DGT Network is horizontally scalable – it grows infinitely more efficient with an increased number of participants.
DGT holds data in an immutable, instantly verifiable DAG tree structure. It is protected against the 51% attack, middleman attack, Sybil attacks, and all of the major vulnerabilities of similar systems. Its multi-round transaction verification by a quorum of independent nodes (coupled with KYC and immutable ID functionalities) eliminates the possibilities of most types of fraud. Its data management is controlled with ironclad privacy protection.
By enabling businesses to build synergetic ecosystems, by allowing multi-currency and cryptocurrency transactions, and by managing data through distributed ledgers, DGT allows financial services to create new product offers. Insurance companies may create new offers based on the heartrate health data provided by the smart devices of their clients. B2B divisions may provide escrow services to businesses. Investment banks may underwrite smart contract governed IPOs. Lenders can take cryptocurrency collaterals. Banks may process digital deliveries, which is just another type of data than a financial transaction. The DGT Network provides its participants with a platform that allows the creation of such and myriads of other value offers. This differentiates the DGT Network organizations as far more effective and versatile than their competitors and counterparts.
DGT Network has launched successful use cases for crowd-powered investment platforms, commercial and investment banks, and insurance companies. Reach out to us to find out how we can help you achieve dominance in your financial industry.
