UNITY NODE
Unity Alliance - The UNITY Alliance creates a new type of trusted and innovative relationship structure between Banks, Fintech, Government and Industry. Participation brings a UNITY NODE to each member. UNITY is formed and managed by Xgemina on a commercial basis.
For Banks - UNITY offers Banks a Node that integrates Fintech companies into the banking system using secure standards. The UNITY Node can optionally also replace a bank’s legacy Payments Systems. The Node serves all channels, Mobile & Internet.
By deploying the Node, Banks are able to:
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Interface multiple, secure Fintech relationships
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Facilitate new Payments standards, such as PSD2
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Refresh legacy Payment technologies in the areas of ATM, POS, MPOS & INTERNET
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Enhance; User Authentication, Fraud & Risk Management, Clearing & Settlement, as well as Audit & Reporting over a Blockchain enabled framework
For FinTech - Fintech Companies can subscribe to a central UNITY Node in each country. This Node is connected to participating Bank.
UNITY provides Fintech companies the following:
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Access to banks in each country – Globally
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Centralized Payments & Banking relationships/technologies
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Banking as a Service
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New Revenues
UNITY can be deployed at multiple levels; State, Country, Region. UNITY can provide unparalleled oversight and governance for Central Banks, Ministries and Security Services.