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We’ve long heard about automation and the enormous benefits of bringing intelligence to all business processes, which range from cost savings to improved productivity or regulatory compliance.

Companies all over the world are investigating use cases with Blockchain. It is the technology developed in 2009 to make bitcoin (the first cryptocurrency), and already then began to envision its application to the business world

In the first post of this series we started to discuss the Action Plan the European Commission published the last 8th of March with the objective of taking advantage of the opportunities technology provides to financial services.

In this third post of the series dedicated to the contribution of Addalia’s solutions to credit institution’s legal compliance, we will focus on how Iddiligence deals with the client validation process.

Finnovating’s scouting team has included Addalia in the map of RegTech startups of Spain, an ecosystem that currently consists of 95 companies.

The application of blockchain technology will significantly simplify the volume of physical documentation of the railway and maritime transport sector.

Validating legal or financial documents isn’t an easy task for companies which must deal with thousands of ID cards, payslips, payment receipts, direct debits, driving licences or tax declarations.

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.

Managing the most basic administrative processes in banking, such as opening an account, are carried out exclusively by humans, bearing in mind what this entails when it comes to agility and potential errors. The automation of all this workflow, throughout RPA technologies, promises to resolve this problem.

We are pleased to announce that Addalia is one of the companies that is part of Alastria, the first national blockchain