Finance

Blockchain Technology for Finance: Reimagine financial services

Gretol helps financial services firms redefine critical workflows with distributed ledger application framework. With built-in safeguards to protect data integrity and privacy.

Talk to experts
  • +48%

    Increase in ROI

  • -90%

    Reduced processes

  • 99%

    Reliability rate

Overview

Industry overview

  • icon

    International transactions

    Transferring money across borders has traditionally been slow and expensive, since systems typically pass through multiple banks on the way to the payment’s final destination. When used for cross-border transactions, blockchain can make the process faster, more accurate, and less expensive.

  • icon

    Trade finance platforms

    Trade finance is another blockchain application in finance to watch. Many banks are using blockchain trade finance platforms to create smart contracts between participants, increasing efficiency and transparency, and opening up new revenue opportunities.

  • icon

    Clearing and settlements

    The accurate recording capabilities of blockchain may one day make current clearing and settlement procedures redundant, resulting in faster transactions and reduced costs for financial institutions.

  • icon

    Digital identity verification

    Blockchain is enabling banks and other financial institutions to identify individuals using blockchain-enabled IDs. When customer identifying information is secured using blockchain, banks can increase public trust while protecting against fraud and speeding up the verification process significantly.

Get in touch

Contact us for information on how Gretol can transform your business