Solution Guide: Transaction Documentation
identitii Serra is an append-only federated database management system that supports robust permissioning and an immutable, verifiable audit trail. Leveraging the best parts of distributed ledger technology, relational and graph databases, it enables the secure and auditable exchange of information between systems, branches and institutions.
Serra can be leveraged to solve challenges in document-intensive operations such as cross-border payments,
trade finance, and trade settlement
Unique end-to-end transaction tokens create a transaction timeline and audit trail across legacy information silos, reducing operational risk and inefficiency
Secure APIs enable document acquisition and storage to provide an integrated customer experience for corporates
Provide easy access to documents and attributes required across a range of operational teams and systems
Reduce overheads from processing high volumes of physical documents received over-the-counter by collecting documents via channel or API
Reduce operator time spent resolving document discrepancies by enabling electronic pre-review and direct comments
Enable multiple documents to be attached to a transaction or many transactions assigned to a document; allow allocation of value from supporting documents to a transactio
Buyer applies a Letter of Credit.
Bank team initiates a request for documentation.
Buyer submits document to channel; Bank and customer comment or amend until document is approved.
Buyer’s bank issues a Letter of Credit for Supplier’s bank.
Bank notifies supplier of Letter of Credit arrival.
Supplier submits document to show satisfaction of Letter of Credit.
Document is sent to Buyer’s bank.
Money is transferred.
|Transaction documentation features implemented in a web application||Transaction documentation APIs connected across branches or affiliates||Transaction documentation APIs connected across branches or affiliates|
|Append-only database for storing records of document-related operations and demonstrating document provenance|
|Tokenisation & indexing engine supporting fast access across multi-related documents & transactions|
|Workflow management for document requests, document submissions and document versions.|
|Customisable templates for requesting documents by transaction type, demonstrated value, etc.|
|Search engine based on Elastic Search|
|Audit trail: digital stamp on events for internal auditors and regulators|
|Submit documents in response to document requests|
|Collect supporting documents with file sizes of up to 1GB|
|Review documents with version support and comments|
|Manage and track the utilization of value-demonstrating documents|
|Review authoritative history of document-related operations|
|Search RFI and documentation by keywords and plain-text|
|Enable integration with banks channels: web portals, and mobile apps|
|Interfaces for transaction processing systems, workflow/case management systems, and ECMSs for integrating document processing operations|
|Connectors for file management systems, IBM FileNet Enterprise Content Management|
|Multi-Channel Document Ingestion|
|Adaptors for document capture via email|
|ERP integration for document capture|
|Connectors for document exchange using FileACT|
|Connectivity with other identitii Solutions|
|Transaction Documentation solution can be bridged with other instances of Serra to enable auditable and secured transaction processes|