Connect to the
BaaS platform that joins the dots…
You can’t fully connect with your customers if you’re not fully connected to your financial flows, especially if you’re aiming for maximum competitiveness in international trade. One provider isn’t enough to cover every requirement, and maintaining multiple providers can become an expensive business.
NetworQ, from CertiQi gives you access to the same platform that we use internally to interact with our partners. It connects you to the very best payment rails, liquidity and foreign exchange, either through a user-friendly dashboard or fully integrated into your enterprise system.
What is CertiQi NetworQ?
You could think of it as a universal adaptor; one that connects you to the world, all in one compact unit. You could call it a bank in a box, but it’s much more than that. Sitting behind it is an unmatched team of best-in-class partners, including banks and licensed fintechs to execute your payments quickly, safely and cost-effectively. It doesn’t hide how it does it - after all, transparency is our watchword - instead you can see exactly how your transactions will flow. All it takes away is the need to trouble yourself with it any more than you want to.
Pay and get paid in over 120 currencies, leverage the power of stablecoins, manage cash and access liquidity when and where its needed. Streamline KYC and AML processes and access the most efficient payment rails in the locations that are important to you. And do it all without complexity or wasted time.
Why do I need it?
Frankly, as long as you’re willing to put up with the expense and complexity, maybe you don’t. If you’re a bank then you already know the cost of maintaining relationships with correspondents and partners. And when you need to operate in a new region, there’s all that onboarding rigmarole to go through - provided, of course, that you’ve found a correspondent to work with you. In more challenging regions, that can be a feat in itself.
And if you’re not a bank, wouldn’t you rather focus on your business rather than navigate the labyrinth of international relationships? Risk appetites shift, policies change, or sometimes your regular bank can’t process your transaction because of liquidity shortages in a certain currency. Or a hundred other distractions that take you away from working constructively on making a profit.
The CertiQi network means that you onboard once, and your connections to our partners are handled automatically. While we can’t guarantee your acceptance, in the vast majority of cases our eKeyiD system means it happens quickly and with a way above average acceptance rate.
Transparency and security: a multi-layered approach
The more transparent you can be with your business partners, the more effectively you can work together. But there are important aspects of your business that must be kept confidential. The CertiQi networQ gives you that balance.
At its base and providing the power for it all is our patented DotLedger. It’s a highly advanced federated ledger, possibly the first of its kind. It has similarities to blockchain, but some very important differences. Like blockchain, it’s distributed and immutable, but its energy consumption - and hence its running costs are vastly lower. Whereas blockchains depend on vast networks and internally public data, DotLedger’s data is entirely private and it delivers full security and functionality from as few as two nodes.
Sitting in front of the ledger is the Data Vault. It runs on similar technology to DotLedger, but it’s completely separate. It handles data access, ensuring that no one can ever access data to which they don’t have verified access. It “talks” to the ledger via quantum-resistant encryption and ever-changing keys. Nodes of the ledger can be located anywhere in the world and running on differing technologies, and it’s impossible - even for CertiQi itself - to ascertain the location or content of any block of data. Yet, with proper authorisation, network members can freely share documents, messages, instructions or any other form of communication.
The next layer coordinates our partner network. Here you’ll find banks, fintechs, crypto and stablecoin providers, even major global card scheme operators. Not only can you interact with them, they can interact with each other, so that your transactions can flow rapidly and without your needing to grapple with the complexities of correspondent banking, requests for information and all the other complications that can make paying and getting paid a time-consuming and expensive proposition.
The top layer can be pretty much any kind of company. As a Banking as as Service (BaaS) platform, CertiQi networQ will be of primary interest to banks and financial organisations, but any business that wants to interact more efficiently with its customers, suppliers and partners can make use of it to streamline those interactions.
Arrange a demo
If you’d like to see the CertiQi networQ approach to banking as a service, then please make a booking here.