Banking & Fintech

Overview

In the dynamic world of digital banking, online partnerships and financial service API’s where operational efficiency and cybersecurity are paramount, Naoris Protocol emerges as a revolutionary solution. Leveraging post-quantum cryptography and decentralized AI to create a self-validating Decentralized CyberSecurity Mesh, it incentivized devices to actively monitor threats in real-time. By establishing cryptographic proof of trust between devices, Naoris significantly reduces cyber threats while providing real-time shared cyber status. In addition, validated third-party API connections, establishes ecosystem trust and data quality. This enhances banking operational trust and efficiency, business resilience, and real-time regulatory compliance for banking services that are increasingly interconnected and vulnerable.

Transcending traditional perimeter limitations to validate partner and microservices data and connections as environments expand, banks are empowered to embrace the emerging collaborative computing model, making systems stronger through network growth.

Problems

Vulnerable API Ecosystems

Untrusted API connections between banks and vendors like Visa, and Mastercard create vulnerabilities, enabling potential data breaches, unauthorized access, and reduced accountability which undermines trust in the financial system.

Device Integrity Outside Security Perimeter

Verifying the integrity & security of banking devices outside the security perimeter is near impossible, enabling unpreventable fraudulent transactions from breached or unstable devices

Data Quality From Unverified Data Sources

Reliance in the Banking sector on unverified third-party data of unknown quality or security jeopardizes the integrity of banking operations.

Integrity of Client-Side Applications

Validation of data and processing from client applications protecting data privacy and data integrity.

Real Time Shared Proof of Compliance

Current manual auditing processes lag behind as bank audits cannot provide real-time proof of compliance to regulators, instead relying on outdated paper summaries

Solutions

• Post-quantum blockchain-validated device and API operations under the dPoSec trust consensus that validates device operations and API connections in real time, strengthening the security and trust fabric.

• Real-time threat identification through decentralized Swarm AI, that learns and adapts to threats instantaneously, updating and informing the network. Swarm AI detects and learns of threats across all devices updating the network in real time.

• Zero Trust architecture verification for trustworthiness of devices and data sources outside traditional security boundaries, if a device, data source of process is not verified then transactions cannot take place

• Real-time shared proof of audit and compliance between multiple parties and regulators for immediate compliance evidence of audit trails and compliance status.

Additional Benefits/ Value Add

Naoris Protocol offers additional operational efficiency, innovative customer service solutions, and strengthens the overall business leveraging our extensive cutting-edge technology solutions like blockchain, dSwarm AI, and various nascent technologies.

• Driving Innovation and Efficiency with Blockchain Technology

• Leveraging dSwarm AI for Advanced Analytics and Personalization

• Supporting the future of Banking and Fintech with Frontier Scalable Technologies

Conclusion

Naoris Protocol is a keystone in securing and fortifying the banking and fintech landscapes. It assures post-quantum cryptographic trust among devices, offers real-time monitoring of threats, and ensures the validity of data and transaction flows. Simultaneously, it delivers instantaneous, shared proof of compliance. This multi-faceted approach not only enhances operational efficiency and resilience but also fortifies regulatory compliance for an increasingly interconnected banking ecosystem. Through this innovative model, banks can confidently step into a new era of collaborative computing, invigorated by the trust and flexibility afforded by decentralized cybersecurity.