Financial Institutions
Our Digital Currency Management System (DCMS) provides the secure infrastructure for financial institutions to integrate fiat digital currencies into their financial service offerings. Seamless white-label integration improves functionality, user experience and creates new revenue stream opportunities.
Central Bank Digital Currency Solutions for Financial Institutions
Within the coming decade, central bank digital currencies (CBDCs) will roll-out across virtually every developed nation in the world. Financial institutions must prepare now, in order to be ready when the time comes.
Begin by integrating digital currency transaction and processing capabilities into your legacy systems or by launching new technology platforms to accommodate stakeholders.
To handle digital currencies under license, you must implement technology solutions that are acceptable to regulators and compliant with all applicable governance requirements. Since this is often unfamiliar and uncharted territory, having an experienced fintech solutions partner on your side is critical.
Our digital currency experts can assist you with all of your needs for CBDC solutions. Talk to us about CBDC workshops, pilot programs, deployment and systems management. Our innovative CBDC Sandbox provides financial institutions with an invaluable opportunity to see our Digital Currency Management System (DCMS) network in action and to put it to the test under a variety of scenarios.
CBDC and Stablecoin Workshop
A CBDC and Stablecoin Workshop provides an opportunity for financial institutions to engage with CBDC and stablecoin subject matter experts from Bitt and other market-leading organizations. During a Workshop, participants discuss how the introduction of a CBDC or stablecoin could affect the domestic financial system and economy. Financial institutions can gain an understanding of how they can prepare for the introduction of a CBDC, and/or can assess how a stablecoin operation would function in their region and beyond.
CBDC and Stablecoin Sandbox
Bitt’s CBDC Sandbox enables financial institutions to deploy and interact with a fully functional digital currency system out of the box. The Sandbox offers participants an opportunity to effectively test, simulate and plan the operationalization of a digital currency. Financial institutions and other stakeholders can execute a variety of CBDC and stablecoin use-cases via DCMS applications, including creating a stablecoin, transacting between a variety of stakeholders, reporting and monitoring functionality, and more.
CBDC Pilot
Financial institutions seeking to participate in a CBDC Pilot project can utilize Bitt’s Financial Institution (FI) Suite to integrate with the CBDC network. The FI Suite enables financial institutions to perform a variety of transactions for their own institution, as well as enterprise and retail clients. Bitt provides the Merchant Suite and Consumer Wallet for financial institutions seeking to provide CBDC payment services for their clients, or SDKs to integrate with existing applications. Bitt can ensure that financial institutions are prepared to maximize the functionality of a CBDC for institutional and banking client requirements.
Stablecoin Pilot
Bitt enables financial institutions to establish the technical and functional requirements for meeting all desired stablecoin use-cases in a particular jurisdiction and beyond. During a Stablecoin Pilot, Bitt works with financial institutions to configure the DCMS to meet specific requirements, and makes the DCMS applications available to a defined group of stakeholders and users. Stablecoin Pilot projects can also include integrations into the existing financial system infrastructure, as well as integrations with other digital currency networks and applications, as required by the financial institution.
CBDC and Stablecoin Deployment
Bitt provides the DCMS for financial institutions seeking to deploy their own stablecoin to market, or to integrate into an existing stablecoin or CBDC network. The DCMS can be configured to meet the specific requirements of a financial institution and clients, and can be integrated with core banking and other infrastructures to ensure maximum functionality and interoperability. All DCMS applications can be white-labelled per a financial institution’s requirements.
DCMS for Financial Institutions
The Digital Currency Management System (DCMS) is a production-ready digital currency software suite that enables financial institutions to pilot their own digital and integrate with existing digital currency systems, including CBDCs and stablecoins. The Bitt software suite can be tailored to the unique needs of a country’s economy, and to effectively integrate into the country’s existing financial system.
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