CBDC INFRASTRUCTURE FOR GOVERNMENTS, BANKS, FINANCIAL INSTITUTIONS AND THE UNBANKED POPULATION
FORTISNET CBDC FRAMEWORK IS THE SAFEST DIGITAL ASSET INFRASTRUCTURE WITH NO ASSOCIATED CREDIT OR LIQUIDITY RISK
The European Systemic Risk Board has identified several severe risks to financial stability and issued the alert to prepare for a potential (liquidity) crisis. The authority, which European Central Bank president Christine Lagarde chairs, warned that the probability of tail-risk scenarios had risen since the start of the year. FortisNet CBDC framework is the safest digital asset infrastructure available to the general public, with no associated credit or liquidity risk.
Because central bank money is the safest form of money, a widely accessible CBDC would be particularly attractive to risk-averse users, especially during times of stress in the financial system.
Traditional measures such as prudential supervision, government deposit insurance, and access to central bank liquidity may be insufficient to stave off large outflows of commercial bank deposits into CBDC in the event of financial panic.
IMPACT FINANCIAL STABILITY & INCLUSION
Nine out of 10 central banks are developing central bank digital currencies (CBDCs), and more than half are now running the final stages. The survey* data show that central banks are particularly interested in retail CBDCs. Many central banks are exploring a CBDC ecosystem that involves private sector collaboration and interoperability.
*Gaining momentum – Results of the 2021 BIS survey on central bank digital currencies, BIS Papers No 125, May 2022
Distributed ledger technology (DLT) will have an incredible impact on financial services and engender greater financial inclusion and economic growth.
Traditionally domestic and cross-border payments have relied on a mutually trusted central entity. DLT does not need a central authority to support trading.
However, the world will never agree on one ledger. DLT Interoperability will be a crucial factor in revolutionizing the new financial landscape.
FORTISNET DLT INTEROPERABLE SOLUTION PROVIDING THE MOST ACCURATE FRAMEWORK FOR THE NEW FINANCE LEVEL PLAYING FIELD
As momentum around central bank digital currencies builds, attention is quickly turning to how they might be used in international payments. FortisNet is the world leading interoperability solutions provider.
FortisNet interoperability framework is the future of money.
FortisNet is an atomic-settlement technology provider for DLTs, CBDCs, and non-distributed banking ledgers.
The world-leading FortisNet interoperability framework helps connect the dots across different systems.
ONCE YOU HAVE ATOMIC SETTLEMENT VIA TWO BANKS EVERY OTHER BANK WILL FOLLOW
Technical innovations, in particular mobile technologies, digitalization and blockchain / DLT can fundamentally transform the markets, coupled with a more conducive regulatory environment.
FortisNet mission is to Bank the Unbanked and provide financial inclusion
1.7 billion people are unbanked, and nearly 2 billion more can be considered underbanked
Financial inclusion provides access to valuable, affordable financial services for people and businesses. But ultimately, financial inclusion is essential for economic development.
57% OF THE POPULATION OF AFRICA, 95 MILLION PEOPLE, DO NOT HAVE A BANK ACCOUNT.
ACCORDING TO THE ARAB MONETARY FUND, 79% OF THE MENA REGION'S YOUNG ADULTS ARE UNBANKED.
BANKING MADE ACCESSIBLE TO ALL
Something easy is here!
Your government identity card or phone number is a new multi-currency account.
FortisNet provides solutions for financial inclusion based on a proxy bank account that can be a simple, smart identity card or phone number, offering standard banking services and more.
We are always looking to partner with banks willing to custody our retail CBDC and participate in CBDC pilots. Please connect to hear more.
Even traditional industries will be transformed by new technologies in the next wave of the industrial revolution.
FortisNet is a unique solution for a cryptographic secured contract and payment trust network to unlock rapid growth and global expansion for businesses looking for a partner in emerging markets.
With the most advanced distributed ledger technology and asymmetric cryptography, FortisNet allows for confidential data, contracts, and funds to be settled and deployed securely, in real-time, and without operational risk or delays. Supported by the world's most advanced standards and global financial institutions.
FORTISNET PLEDGES TO ACHIEVE CARBON NET-ZERO BY 2030 AND FOLLOWS SUSTAINABILITY AGENDA TO PROMOTE CARBON NEUTRALITY
The world is in the midst of a global climate crisis that is impossible to ignore. The distributed ledger technology (DLT) and efficient interoperability will play a critical role in building a sustainable future for global finance.
FortisNet's carbon neutral technology - CBDC and interoperable framework providing a more sustainable global economy. Sustainable DLT can help remove 50B metric tons of CO2 from the earth's atmosphere by 2050
"Global finance is a key driver on the path to achieving a zero-net emissions energy future industrywide", says Jules Kortenhorts, CEO of Rocky Mountain Institute.
Interoperability is critical to realizing the technology’s potential. 5-factor authentication and interoperability between banks, KYC & AML, and CBDCs are crucial factors for the future of banking. We are helping design, implement and connect CBDCs with banks and telecoms to build the playing field and provide interoperability pilots for banks and early access to CBDCs.
The coming liquidity crisis will remove a trust factor from the financial equation. Without atomic settlement it will be harder to move money domestically and cross-border. At FortisNet, we have the DLT and Interoperability Excellence Centre to provide worldwide solutions.
Our technology provides solutions to businesses looking to grow in an untrusted environment. Atomic conditional settlements unlock businesses in complex and emerging markets.
Grow revenue by enhancing domestic and cross-border money movement with real-time settlement and cryptographic secured contracts.
HELPING TRANSFORM GLOBAL MONEY MOVEMENT
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