Blockchain Use Cases in Financial Services Industry - iFour Technolab Pvt. Ltd.

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Blockchain in Finance Encryption technology can help reduce overall cyber frauds Technology can address below key areas: Security

Accessibility

Auditing

24 x 7 service can be offered by banks

Allows financial institutions to create direct links internally

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USE CASES IN: FINANACE

Blockchain in Finance Encryption helptrack reduce cyber frauds Use commontechnology database can to keep of overall the execution PwC report, can 24%address of financial Technology belowexecutives key areas:from around the world are very familiar Security

Accessibility

Auditing

Global Fintech Report 2017, 77% of Fintech institutes expect to adopt Blockchain production system or process by 2020 24 x 7 service can be offered by banks Transaction clearance and settlement without central database Allows financial institutions to create direct links internally

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USE CASES IN: FINANACE

Use Case 1: Digital Identity & KYC Process Implement central blockchain ledger that can be accessed by all banks

Benefits: Central repository of all KYC documents Can be accessed by banks anytime anywhere Reduces KYC time and cost drastically Customers to submit KYC once

Initiatives: KYC-Chain - Enabling organizations to manage KYC processes for individuals & corporates

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Use Use Case Case 2: 1: Online Digital Trading Identity & KYC Process Implement based centralonline blockchain ledger that can accessed all exchange banks of assets online Blockchain trading platforms thatbecan enableby easy Benefits: Central repository all KYC documents Reduction of onlineoffrauds and security breaches Can accessed by banks anytime anywhere Fast be trading processes Reduces KYC and timecost andreduction cost drastically Overall time Customers to submit charges KYC once Minimal transaction

Initiatives: Initiatives: KYC-Chain -- Blockchain Enabling organizations to manage KYCledger processes individuals & corporates Everledger implementation & a digital thatfor protects & tracks assets

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Use Case 3: 2: Mortgages Online Trading Blockchain based that can money enablecan easybeexchange assets at online By removing thirdonline party trading in Loan platforms & Credit Industry, borrowedofdirectly lower interest rate

Benefits: Can simplify overall mortgage processes Reduction of the online frauds and security breaches Can result in between 6% to 15% for mortgage lenders Fast tradingsavings processes Mortgage processing can be drastically reduced Overall time and cost fees reduction Minimal transaction charges

Initiatives: Initiatives: Blockchain Mortgage - Make a person ‘home-owner’ in 5 days instead of 42 days which traditional -sources generally take Everledger Blockchain implementation & a digital ledger that protects & tracks assets

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USE CASES IN: FINANACE

Use Case 4: 3: Fundraising Mortgages Immediate liquidity through Initial Coin Offerings (ICOs) By removingaccess thirdto party in Loan & Credit Industry, money can be borrowed directly at lower interest rate Creating Benefits: crypto economic model of funding that access to capital from traditional financial services Can simplify the overall mortgage processes

Benefits:

Can result savings in between 6% to 15% for mortgage lenders Funding gets cheaper as middleman costs are cut Mortgage processing fees can be drastically reduced Flexibility for the investors

Funds can be collected in fiat as well as cryptocurrency which attract investors Initiatives: Blockchain Mortgage - Make a person ‘home-owner’ in 5 days instead of 42 days which Initiatives: traditional sources generally take Oodles Technologies–Niche in awe-inspiring domains like Blockchain and deliver end-to-end development solutions https://www.ifourtechnolab.com/finance-custom-software-development

USE CASES IN: FINANACE

Use Case 5: 4: Insurance Fundraising Immediate access to liquidity through Coin Offerings (ICOs) Simplify overall insurance process and Initial thus reduce overall time & cost in insurance claim process Creating crypto economic model of funding that access to capital from traditional financial services Benefits: Simplification of overall insurance claim processes

Benefits:

Elimination of middleman Funding gets cheaper as middleman costs are cut Reduction in time and cost Flexibility for the investors Fraud detection and risk prevention Funds can be collected in fiat as well as cryptocurrency which attract investors

Initiatives: Initiatives: Safeshare Global - First company in the world that launched a blockchain-based solution for insurance Oodles Technologies–Niche in awe-inspiring domains like Blockchain and deliver end-to-end development solutions

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What we offer?

Custom Blockchain mobile and software Blockchain Consulting Cryptocurrency (ICO)

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USE CASES IN: FINANACE

What we offer?

DApp Development Custom Blockchain mobile and software HyperledgerConsulting Service Blockchain Smart Contract (ICO) Development Cryptocurrency

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USE CASES IN: FINANACE

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