The Cuneiform platform applies data integrity and non-repudiation techniques to large-scale data, and comes with capabilities like provable event lineages, granular security policies, and the ability to redact subsets of confidential data while authenticating the complete transaction(s). Within large financial institutions, hundreds of applications are used at the front, middle, and back office. And these applications generate volumes of data that undergo reconciliation, enrichment, and various other transformations. Using Cuneiform, financial institutions can verify events across multiple institutions, platforms and systems. The platform ingests data from legacy systems and data platforms, records it immutably with minimal latency. The cloud-native solution performs multiple integrity checks on data at rest and data in motion. Clients can create live dashboards and gain insights from cryptographically validated datasets.
We understand clients’ existing legacy applications, workflows, and infrastructure and then map their traditional applications to blockchain to secure data and inject transparency into transactions
Micro-services based architecture lends power to scale the operations and enables various internal and external parties to access data and applications through a set of permissions. Through scripts and automation tools for monitoring, logging, upgrading, and orchestration, financial institutions can automate deployment.
PeerNova’s blockchain-based platform has provided solutions for some of Wall Street’s largest financial institutions. For instance, mutual, hedge, private equity funds make financial transactions of billions of dollars. They often offer collateral with equities and mortgages as a mode of payment. On the other hand, the seller firms need to safeguard their interests amid credit risk that collateral brings. With Cuneiform, the sellers can capture the information from the trading and collateral systems. They have a clear view of trade to collateral relationship, value and quality of the collateral in an automated manner and are able to comply with regulations as the solution provides the audit trails. Currently, one of the largest Wall Street institutions, which transacts trillions of dollars on every business day, has been leveraging the power of Cuneiform to manage their treasury transactions.
The San Jose-based firm has set its footprint in the U.S. banking and financial markets and recently forayed into the U.K. and Switzerland. The company has formed a joint venture with China-based firm called ChainNova. PeerNova has also been building workflow automation and advanced analytics capabilities into their solutions to enhance the efficiency of financial transactions.