How a BFSI leader leveraged Blockchain to improve transaction transparency
The client, a commercial banking regional leader, had to deal with growing regulatory pressure to increase transaction transparency and improve audit trails. Their original settlement system relied too much on centralized databases and manual verification workflows, which caused many issues. As transaction volumes increased, reconciliation delays became a daily issue, particularly for cross-border transfers. It was not uncommon for disputes to take 5 to 7 business days to resolve. The operations team struggled to keep up with the volume of back-and-forth queries, and the lack of a unified source of truth eroded trust with partner institutions. Compliance audits had become a resource drain. The leadership team needed a solution to reduce complexity and fraud exposure while positioning the bank for future innovation.
We deployed a custom-built private blockchain network based on Hyperledger Fabric to support our client's internal workflows and regulatory environment. Smart contracts automatically validate records and timestamp each interbank transaction. Every step was changeless and traceable, creating a shared, tamper-evident record book across partner banks.
The SVOD team worked towards integrating the solution within the client's existing core banking system via secure APIs, ensuring no disruption to daily operations. We also developed a permissioned access layer for auditors and regulators, enabling real-time review without data exposure risks. A parallel training program ensured that internal teams understood how to navigate and monitor the blockchain environment with minimal technical overhead.
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