Alfa-Bank has announced the development of a new platform based on the Waves Enterprise blockchain for corporate clients, which will simplify the work with self-employed individuals.
According to the press release, the solution combines the Alfa corporate service.Corporate and the “My Income” app for an individual. The platform provides all the necessary tools for organizing interaction between the company and self-employed citizens. The company can register an individual as self-employed, organize payments and submit reports to the tax service, issue a recall of checks when returning money. At the same time, payment for the self-employed can be made through any banks.
“We have created a fully digital experience of interaction between the self-employed and the bank. The main service, which covers the entire business process of the corporate client, seamlessly integrates the ability to pay funds to any card or account of the contractor. Thus, Alfa-Bank applied the Bank-as-a-Service (BaaS) concept,” said Denis Dodon, Director of the Alfa — Bank Innovation Center.
In addition to Alfa-Bank and Waves Enterprise, specialists of the open banking platform APIBank participated in the creation of the platform. They developed standardized programming interfaces (APIs) and universal interfaces, and also considered the possibility of integrating the platform into their own information systems of various companies. The blockchain is used to ensure fast and secure interaction between Alfa-Bank and corporate clients.
In September last year, Alfa-Bank launched
a service for managing payments, financial products and liquidity based on the Waves Enterprise platform together with the X5 Retail Group.