The value chain of bank’s record management system from origination to destruction, is mired in inefficiency and antiquation, while increasing regulation is placing growing pressure on financial service providers.
Global Employee Rewards System (Minsheng Insurance)
BlockApps2021-01-30T08:55:17-05:00Get the details on the smart-contract-driven employee rewards system BlockApps built for this global insurance provider to enhance employee motivation and sales results
Streamline Loan Syndication
BlockApps2021-09-10T12:24:30-04:00Syndicated loan transactions continue to be challenged with data silos, manual processes, and many intermediaries which slows down the process and adds unnecessary costs.
Simplifying Home Loans
BlockApps2021-09-10T12:29:56-04:00Home loans and mortgages are based on a complicated value chain with a growing number of parties, and an increasing wait time between submitting an application and reaching settlement.
Cross-Border Payments
BlockApps2020-09-29T17:35:45-04:00Global payments revenue is largely based on transaction-based revenues, which are burdened by exorbitant transaction fees, intermediaries, and the interference of financial institutions.
Standardizing Compliance Processes
BlockApps2020-05-19T19:33:49-04:00Regulatory bodies tend to be siloed and part of a complex value chain responsible for a prolific amount of work. These conditions inherently create opacity and inefficiency, with a dangerous ripple effect.
Digitizing KYC Processes
BlockApps2020-05-19T19:30:54-04:00KYC processes are labor-intensive, often manual, and prone to error and fraud, both of which cost banks colossal sums. Additionally, the lack of standardisation across systems creates a huge amount of duplication.
Digitize Sustainability Reporting
BlockApps2021-08-11T16:14:38-04:00For sustainability reporting to produce effective reports and set impactful targets, companies need complete, granular, and accessible data.
Fertilizer Subsidy Payments
BlockApps2020-05-05T11:40:45-04:00The $25 billion that the USDA allocates to fertilizer subsidy payments does not always reach its intended effect, with frequent misallocation, delays, and inefficiencies.
Protected Food Pricing
BlockApps2020-05-05T11:39:11-04:00The agriculture and food industry is sensitive to political and economic conditions and therefore inherently volatile, with increasingly frequent and dramatic price changes.
Parametric Crop Insurance
BlockApps2020-05-19T19:34:34-04:00Crop insurance processes are costly for all stakeholders, and unequipped to face increasingly frequent and unpredictable agricultural losses.
Digitize Land Registration
BlockApps2020-05-05T11:26:36-04:00Traditionally manual land registration systems have created a dearth of data, and rendered the land transfer process delayed, costly, and inefficient.
Energy Trade Settlement & Reconciliation
BlockApps2021-01-30T09:28:29-05:00There is no “one-size fits all” approach for ETRMs and different systems suffer from an increasing lack of interoperability with both external partners and other internal systems. As a result, energy traders and middle-office members find themselves in similar situation as before using an ETRM; manually matching data sets for settlement and reconciliation from an evolving list of inconsistent sources. Learn how STRATO can bridge the gap of disparate ETRM systems to improve trade efficiency.
Trade Finance
BlockApps2020-05-19T19:32:02-04:0080-90% of global trade relies on trade finance, yet there is a $1.5 trillion supply-demand gap. This is due to various complexities in the process, such as its sprawl across multiple borders and jurisdictions and its antiquated paper-based tracking system.