The document discusses innovative technologies reshaping the banking sector, particularly the impact of blockchain, which enables faster and more transparent transactions compared to traditional banking systems. It highlights practical applications such as cross-border payments, digital identity verification, and credit reporting, showcasing how blockchain can enhance efficiency and security for financial institutions. Additionally, the document introduces Modex's hybrid blockchain database solution aimed at improving data management and integrity within enterprises.

1. Innovative Technologies
in Banking
An in-depth overview of the future of disruptive
technologies that will leave a serious mark on
traditional banking as we know it.A Blockchain Company

2. Who is presenting
today?
Dragos RAUTU
Head of Custom DEV
https://www.linkedin.com/in/dra
gosrautu/
Alin IFTEMI
Head of Modex & CTO
https://www.linkedin.com/in/alini
ftemi/
Mihai IVASCU
CEO and Founder
https://www.linkedin.com/in/mih
ai-ivascu-179b7027/

3. The Blockchain
The greatest innovation since the inception of the internet
Fully transparent
solutions
Immutable
Data
Decentralising
Products

4. Decentralization offers the promise of nearly friction-free cooperation between members of complex networks that can add value to each
other by enabling collaboration without central authorities and middle men.
Blockchain
Applications

5. Blockchain in banking
Traditional Process
Blockchain Process
TimeNow 5 Days Later
TimeNow Minutes
Sender Mobile Wallet /
Sender Bank
Blockchain Mobile Wallet /
Receiver Bank
Receiver
Sender Sender Bank Payment System Correspondent
Bank
Foreign Exchange Correspondent
Bank
Payment System Receiver Bank Receiver

6. Transaction Times
Blockchain vs Traditional solutions

7. IBM
Onboards Banks
For Blockchain
Blockchain World Wire
First unveiled last year, IBM Blockchain World
Wire provide banks with a means to
simultaneously clear and settle near real-time
payments transactions across borders.
Stellar Framework
Taking on Swift and Ripple's xRapid payments
rail, World Wire uses the Stellar protocol to
make money transfers point-to-point, cutting
the need for conventional correspondent
banking. Settlement time can be reduced to
seconds by transmitting monetary value in the
form of digital assets - stable coins.
Real World Use Case
Now, IBM says that it has signed letters of
intent from six international banks ready to
issue their own stable coins, subject to
regulatory approval.
IBM's blockchain-based real-time global
payments network has begun rollout, with
several banks also committing to issue their
own stable coins on the platform.
REAL ADOPTION

8. Blockchain Adoption
Watch Video

9. Market Growth
Remittances market growth by region

11. Blockchain
Use Cases

12. 1. Payments, Especially
Cross-Border Payments
A decentralized ledger of transactions shared between
banks will solve problems like: Fast international
payments, Eliminate the banks “middle man” or
Transparency for regulators
Can be done as an
agreement between
banks at national /
international level
Can be done for single bank,
multiple branches in
multiple countries
The first and
foremost use case
of any banking
and/or financial
system.
Central and commercial banks
all over the world are now
tapping into payment
processing and potential issuing
of their own digital currencies.
Cross-border payments
have been powered
mostly by Swift or
Western Union until now.
How it can be done:
The current trend:

13. 2. Digital Identity Verification
A B C D
Checking
Face-to-face checking (can be
also via a video call such as
Skype).
Authentication
The bank client needs to
prove their identity every
time they log in to the
service.
Authorization
A proof of the client’s
intentions is needed.
Further Checks
Other 3rd party background
checks
How it’s currently done
All of these steps need to be taken for each new service provider. However, blockchain makes
it possible to securely re-use the identity verification for other services.

14. 2. Digital Identity Verification
A B C D
KYC
Customers can initiate KYC
verifications on their own
with different providers
Reporting
The report can be securely
stored on a blockchain ledger
Cost-Efficiency
All verifications will be paid
by the users
Clear Process
Bank can require a
particular set of
informations to accept
onboarding and will
request it from the user
How it can be done
E F
Data
Customer will own the
data and will grant
temporary data access to
the report
Worldwide
Available for all institutions
from everywhere

15. 3. Credit Reports for
Businesses and Individuals
A B C
Long waiting times
It may take a long time for
lenders to review the
borrower’s credit history.
Not dedicated
Traditional business credit reports provided by
third-party credit bureaus are not available for
small business owners.
Local
Credit reports might not be
available cross borders
How it’s currently done
Blockchain finance can also help individuals and small businesses to quickly get loans based
on their credit history.

16. A B C D
Storage
Financial institutions report
all the data in a blockchain
storage
Data
Customers/users will actually
own the data
Permissions
Financial institutions will
request access from the
users in order to provide a
loan
Secure
Users will provide access
with his private keys
E
Direct Process
No more “middle man”,
data is gathered from all
institutions, access is fast,
and everyone is happy
3. Credit Reports for
Businesses and Individuals
How it can be done

17. 4. Financial
Crimes Reports are delivered faster
Reports are easiest to exchange between
international parties
Reports are trustfully in front of the
regulators
This makes them potential magic bullets for complying
with AML regulations and serving as trusted repositories
of identifying information.
Same principles applies to historical transactions
which compose user profiles for AML verifications
and it can bring a huge advantage for financial
institutions in terms of getting the right reports
Blockchains are secure, immutable,
distributed ledgers of transactions.

18. Modex Blockchain as Database
Modex Blockchain as Database is a hybrid remote
data storage system composed from a blockchain
component which ensures data immutability, data
integrity, data traceability, distribution and
decentralization and a traditional database
component which ensure big data storage and quick
data access required by enterprise software solutions
Modex Blockchain as Database is a software product
designed to support businesses to migrate from
classic client-server database oriented products to a
distributed blockchain based back-end engine.
Modex Blockchain as Database is designed to help
companies to keep their data decentralized,
distributed, secured and highly available in the same
time

19. How can
this help?
Immutability
Ensure records immutability and
prove that your data was not
altered (can be proved in court of
law as well)
Traceability
Tracking assets in business
workflows using powerful record
versioning on an immutable
ledger
Integrity
Perform data integrity checks on
demand and restore lost records
Distribution
Ensure uptime, network
consistency and fast server side
access with a network of
unlimited nodes instead of a
single point of failure server
architecture

20. How can
this help?
Decentralization
Have relevant data distributed
across a network of nodes but
also with the possibility to define
access permissions rules
Real time backup
Use as many network nodes as you need just to store business data in real
time and avoid the risk to lose intermediary data using traditional snapshot
based backups
Transparency
All parties using your system will
have the possibility to maintain
their own nodes/data and
confront on shared data
transactions

21. High-Level
Architecture
● BC nodes grouped in sub-networks
● Define special behaviour for each group in regards to data
storage & data synchronisation rules
● Restrict access to particular nodes from unauthorized ip
addresses
● All authorization & licensing details are stored in a separate
blockchain network

22. Node Architecture
● Software Application is the client web / mobile app
● GRAPH QL as a query language for API Interface
● API Interface is to offer direct access to the system to any authorized
client application
● Service Processor Interface is the actual Modex Blockchain as
Database core
● Blockchain Ledger Framework is the engine used to achieve blockchain
specific operations: immutability, block synchronization & consensus
● Database engine to store relevant business data

23. What more?
02
03
04
01
05
Data Synchronization Policies
RESTRICTED NETWORK will collect all received data
but will not send records configured to remain
physically within the network boundaries
OPEN NETWORK will synchronize all data records.
Data Storage Management Policies
FULL NODE contains all data
PARTIAL NODE contains only data introduced within it’s
access points and it will retrieved other nodes data on
demand. It will also provide access to all it’s records
PRIVATE NODE contains only data introduced within it’s
access points and it will retrieved other nodes data on
demand. It will NOT provide access to it’s records
Data Encryption
Store data encrypted on field or entity level
Configure fields to be encrypted or to be saved in
clear
Multiple databases support
Defaulted with MongoDb for big data
volume and high speed
Decoupable database engine
Multiple blockchain frameworks support
Defaulted with Hyperledger Sawtooth
Ongoing integration with Ethereum engine
Decoupable blockchain engine

24. Record Versioning
All data records are stored together with their historical
versions since their creation time
Read operation can be done with a version parameter
attached in order to instruct the system which record
version to retrieve
07
Smart Data Access
Read records from database directly
Read records with blockchain integrity check to
confirm immutability
Reconstruct lost/altered records
08
File Storage - File API
Regular file upload
mechanism
Files are stored in chunks all
over the network
File download high availability
09
GraphQL Gateway & Interface
Query language built on top of Modex
Blockchain as Database API
Great interface to manage data access
operations
Very useful for web developers
10
11
Administration Interface
Maintain nodes within the network, Review data
sharing operations, Configure data sync policies,
View audit trails, Overwrite data access, Monitor
system activity, View reports and charts
06
Security Permissions & Data Sharing
PRIVATE, PERMISSIONED or PUBLIC record inserts
Permissioned records are shared between users
based on a request/consent mechanism
What more?

25. Other Cool
Features
02
03
04
01
05
Data Access
Data access through HTTP
and/or TCP protocols secured
by the OAuth2 service.
Blockchain
All writing operations are
blockchain transactions.
Optimized Queries
Reading operations are
optimized blockchain -
database queries
Data Sharing
Sharing data for a specific
period of time, based on user
consent
OAuth2
OAuth2 authentication services, used to
secure the web interfaces and all API
endpoints.

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