ASSURE – Avanza’s Bank Trust Network solution, based on cutting edge Blockchain technology, is a next-gen solution to an age-old problem of document exchange, verification and compliance within banks, its customers and beneficiaries. Whether it’s a pyramid of trust between customer, issuing bank and beneficiary bank or quadrant of trust between customer, beneficiary and their respective banks, ASSURE is invented with foolproof features to seamlessly onboard participants (customer, banks, central authorities, verifiers, beneficiaries). The system can define more than 30+ types of documents such as bank guarantee, NOCs, DD, etc. in the system encapsulating document wise workflows.
The system has been designed to support multiple Blockchain technologies from backend and can integrate any ERP with its technology agnostic Cipher orchestration middleware from the frontend.
ASSURE with its advanced features can efficiently and quickly upgrade a banking consortium with instant document exchange and verification capabilities, paperless strategies on document exchange, significant cost reduction on operational bottlenecks and ability to add value towards AML and KYC processes over the network for a 360° digital transformation of a banking community.
ASSURE is the right fit for any group of banks or financial institutions looking towards near 6 sigma efficiency on document exchange operations and bringing an evolutionary change in its customer experience and satisfaction.