ADDALIA launches FINWEG, a company specialized in developing blockchain solutions for electronic payment systems.
FINWEG will provide rapid, reliable, decentralized and extremely secure payment solutions to banks and financial institutions, replacing their paper-based payment processes and procedures for smart contract and blockchain-based systems.
ADDALIA, a technological company specialized in developing software for identity, data and document validation and processing, has launched FINWEG, a spin-off focused on developing blockchain solutions for electronic payment systems.
FINWEG offers two products: Blockcheq and Blocktransfer. Both are unique and disruptive solutions that revolutionize traditional payment systems.
- Blockcheq is an efficient and secure platform designed to include electronic cheques in financial institutions’ payments offer with the advantages and security blockchain technology offers.
- BlockTransfer is a blockchain solution aimed at financial entities or clearing houses for international and immediate transfers with automatic reconciliation and trading.
FINWEG’s creation completes ADDALIA’s value proposition. Their solutions, mainly directed towards the financial sector, with a high level of integration and complementarity between them, are an excellent opportunity to welcome new services and clients from other sectors.
ADDALIA, aware that blockchain represents the future of digital data, is carrying out various projects to integrate this technology in their identity, data and document validation and processing solutions.
As Wladimiro Navarro, cofounder of Finweg stated: “We are enthusiastic about this new phase. Our entrance in blockchain technology started as a natural evolution of Addalia’s technology and, thanks to the acceptance we have had in the financial and fintech sector, the initial projects have become a new company, FINWEG, with specific solutions for electronic payment systems. From FINWEG we will contribute our knowledge and technological experience with cheques and payment systems to support the digital transformation in the financial sector, beginning in Spain and Latin America”
ADDALIA provides document capture and management technology via images for critical business processes. Our software offers automated, secure and efficient solutions, it’s flexible and modular and can be deployed in standard or cloud manner. ADDALIA is a member of Alastria, the first national blockchain network.
FINWEG, Finweg is a technological company that develops new electronic payment systems on blockchain technology to support financial institutions in the development and improvement of financial products and services. Counting with a team of experts, their solutions, Blockcheq y Blocktransfer, facilitate the digital transformation in traditional payment systems. For more information visit www.finweg.com.