Sara Technologies

Blockchain in Banking Sector

Your search for blockchain-empowered software to secure your banking operations ends here. We help you introduce the decentralized solutions into your banking system

Blockchain Banking Solutions | Applications - Blockchain in Banking Sector

The blockchain is a powerful technology that has potential to bring a boom in the banking & finance sector enhancing more security with high speed and excellent operational efficiency such as payments, asset management, loans, etc. under one roof. SARA Technologies, a blockchain development company, provides a wide range of consulting and technology services to various major banking institutions.

Banks are definitely interested in this cutting-edge technology because transactions through blockchain eliminate the possibility of human error and protect data from tampering. This quality feature attracts most of the major banks and is eager to use this technology in their banking system. Blockchain has bright scope in several essential banking activities like payment platforms, P2P payment modes, banking operations, medical records, P2P e-commerce transactions, wallet transactions, credit & debit card transactions, and so on.

Our blockchain banking software is suitable for all-size financial institutions. It is resilient and provides improved customer satisfaction with maximum ROI and enhanced security. It can be headache-freely managed using a single dashboard that ultimately enhances employee performance and client retention. We provide compliant blockchain banking solutions covering almost all major industry regulations and provide digital-first banking with mobile and web integration.

Exclusive Features of SARA's Blockchain Banking Solution

Account Management

It is integrated with flexible account management solutions to help you efficiently manage accounts and records at each level – from the opening of an account to handling its deposits and saving and closure. All functionality required to handle accounts is provided at ease with multi-currency support and an instant banking facility.

Loans

Its blockchain-based lending feature enables users to apply for loans at various financial institutions dealing with crypto assets. With smart contracts, the application is selected, and banks that can provide the loan would further contact the user. A single software manages all aspects of the lending book cycle.

Cards & Wallets

Its digital cards and wallet management feature helps customers by providing easy access to their money, facilitating payments without going to the bank. All forms of the transaction process: initiation, execution, notification, and settlement are handled with care, keeping the security protocols in place.

Customer Engagements

Manage the clients digitally with a centralized application and your product catalog, providing clients easy access to your services remotely. Therefore increasing customer engagement and increasing your revenues without any physical contact.

Risk Handling

We are there to help you with any issue and problem which arises; you have all the peace of mind. Just focus on the management activities of your bank than to worry about the risk and regulation compatibility.

Decentralized Banking System Development Process, We Follow

Discover

We help you find the best possible solution to suit your financial infrastructure. Analyzing your business model and its use case, we help suggest the best technology feasible and suitable for your banking needs.

Devise

We reshape the analysis findings in a banking model that would work best for you and your customers. We design the software architecture and forward it to the development team, where a customized code is created and undergo multi-stage testing.

Deploy

The project developed by our team of experts is launched at your site, and our team of expert professionals guide you and your staff on the functionality and how to use the blockchain banking software.

Support

We provide round-the-clock assistance for your software support. And offer software updates to best suit your banking needs. We implement industry best practices to run and manage blockchain software.

Why Choose Us for

Blockchain Banking Software Development

We have helped a significant number of global banking organizations by resolving their financial record keeping headaches.
We have integrated our blockchain solutions into their banking practice to remove complexities.

Dedicated Developers

We are using blockchain technology in our development practices to produce a highly reliable and secured blockchain application with 100% accuracy and quality assurance.

Professional Commitment

Our team of blockchain software developers is highly committed towards the timely delivery of projects that drive us to provide more significant and exceptional services to our clients globally.

Deep-rooted Knowledge

SARA Technologies have been working clients globally on various Blockchain projects that help us to have an in-depth knowledge of this technology as per the client requirements.

Support & Maintenance

Our round the clock presence will always address your issue with a logical solution on call. We promise you to offer quality services and complete support.

Blockchain Banking Security

In today’s time due to enhancement in technology, hacking an account is not a big task for hackers. Blockchain thus provides complete security and also restrict various fraudulent activities, making the smooth functioning of banking activities.

Moreover, blockchain could save billions of bank cash dramatically by reducing processing costs that are now spent on a remarkably higher rate and the amount of paper that they process.

Developing blockchain banking software would be a good step to make banks increasingly profitable and valuable. All major banks are ready to accept blockchain for quick money transfers, record keeping, and other backend functions. It also allows them to track down every kind of documentation and digital assets validation of ownership.

Benefits of Blockchain Banking Solutions

Our professionals have created a highly secured blockchain banking system that will help you to manage your accounts and transactions smartly on your finguretips.

Fraud Reduction

More than 50% of financial intermediaries like a stock exchange or money transfer services are facing financial crimes daily. Blockchain banking software will definitely apply the brake to this fraudulent activity and bring more stability to the banking sector.

Know Your Customer (KYC)

Any financial institution wants to gather complete information about its customers in reducing money laundering, fraudulent as well as terrorist activities. Blockchain would allow an enterprise to access the verification process and identify their clients.

Faster Transactions

Settlement of various transactions generally takes a long time but through blockchain transfer of assets, money, ledger entries, etc. can be done at a faster rate with accuracy. So, we can say that with blockchain technology, banking transactions will occur in real time.

Enhanced Security

Shared ledgers can help banks to implement a secure transaction in a much quicker way through the centralized system. There will be less time for anyone to intervene and divert payments, bringing more security in the transaction information.

Improved Data

Data quality is essential for various major banks, and they are highly attentive to this prospect. The problem occurs because there is a bulk of banking information kept in more than one place but through Blockchain, storing data is easy and straightforward.

Digital Currencies

With Blockchain banking software there will be a decent increase of digital currencies for settling financial trades more securely and faster with various conventional channels. These currencies are safe and can be used anytime over any transactions.