Overview
Digital Twin is a ledger for modern instant payments and allows financial accounts to perform real-time transaction authorizations and balance updates 24/7. To deal with the need for fast performance and accessibility, Digital Twin manages a variety of balances, including DDA accounts, credit card limits, loyalty points, and cryptocurrency balances. It can work as a standalone solution or with different core banking systems as a light ledger, meaning it can control the balance without delving into the regulatory aspects of a DDA account, or a credit card account. It can also be deployed in multiple cloud providers and platforms.
At its core, Digital Twin emphasizes user satisfaction. Instead of seeking to entirely replace existing DDA systems, its aim is to enhance them. Even when legacy DDAs experience downtime or encounter high transaction volumes, Digital Twin ensures a continuous user experience. Core banking activities continue to be handled by the original DDA, eliminating the need for a complete switch to an entirely new banking system, which is often seen as a complex undertaking.
Matera Digital Twin is sold through Private Offers. For pricing and terms please contact Matera at partnerships.us@matera.comÂ
Highlights
- Digital Twin offers a standardization layer the can be used by your digital channels to build one single experience that will work across all different core banking
- Prepared for an easier integration with different core-banking platforms, through a set of APIs and Event Based model
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