The Digital Interbank Network is the world’s first private permissioned blockchain-based solution which allows participating FDIC-insured banks to transact real-time payments and perform other banking services between corporate clients 24/7/365.
-Instantaneous payments 24/7/365 between participating FDIC-insured banks with no limits on transaction sizes or volumes.
-Secure real-time B2B payments across participating banks. Private permissioned blockchain is accessible only to entities allowed to view the data and transactions.
-The Network’s technology is compatible with legacy banking systems, allowing participating banks to give corporate clients access to the latest innovations without having to redesign or fully upgrade their systems. Fedwire and FedNow integrations are available. Smart contracts and other financial solutions can be implemented swiftly and cost-effectively.
-The Network is governed by member banks ensuring banks remain at the leading edge of innovation. Comprised only of FDIC-insured banks transacting real-time payments and performing other banking services 24/7/365. Innovative use cases and new applications can be deployed and adopted swiftly and efficiently.
-All participating banks have established identities and utilize banks’ existing KYC and AML processes.
-Banks are the backbone of the U.S. Economy. The Network operates for the benefit of U.S. regulated banks. The Network allows banks to target both local and large vertical markets.