Cross-border payments or any remittances using traditional rails is a multistep process involving many intermediaries. Each step is time consuming and could potentially have security loopholes. Additionally, the cost per transaction, due to these multiple hops, remains high, due to the multiple middle-men involved and is transferred to the end-consumer. There is a need for a more secure, efficient and inexpensive payments process, be it fiat or digital currencies.

Blockchain ensured decentralized, immutable and secure operations for organizations and helps streamline the entire process by cutting out any and all middlemen and lengthy procedures, thereby saving time. With this improved efficiency, remittances are instantaneous and the fundamentally secure distributed ledgers technology ensures the data is safe/secure. With the additional feature of immutability, the transactions can’t be reversed or changed, making it more transparent and a trusted source of information. 

Quartz brings to you Smart Solutions for Banking and Payments:

  • Inter-bank Ledgers - Blockchain technology can help banks in re-imagining the existing business process effectively to bring in automation and simplification. With its unique combination of off-chain and on-chain services, the Smart solution for Inter-bank ledgers provides seamless integration with bank's existing systems, while operational aspects such as asset sharing, compliance approvals and lender query resolutions, are simplified through the use of DLT. 
  • Digital Guarantee - The Digital Bank Guarantee platform, powered by Quartz, addresses these challenges with a transformative solution. Built to support the SaaS model, this state-of-the-art solution connects Individuals, Corporates and the Government to Guarantee Issuers (Banks and other Financial Institutions) and provides a digitized lifecycle for Bank Guarantees, alongside a marketplace where both issuers and beneficiaries can manage their digital guarantees portfolio, including issuance, extension, and cancellation. 
  • Crypto Services - Smart Solutions for Crypto Services is an end-to-end, integrated and secure crypto custody and transaction processing solution for banks and financial institutions. With Crypto Services, financial entities can streamline crypto asset transfer by seamless integration with multiple public blockchains like Bitcoin, Ethereum, Ripple, Bitcoin Cash etc. The solution provides connectivity with multiple crypto exchanges and OTC Desks to enable the smooth buying and selling of crypto assets. 
  • Cross Border Remittances Leveraging DLT Based Ecosystems/Solution - The Cross Border Remittances solution enables banks/payments systems to connect to newer DLT based payment infrastructures (like RippleNet) for processing of cross border FX remittance transactions. The Gateway seamlessly connects the TCS BaNCS for Payments solution to the blockchain platform using APIs, and supports services related to FX Quote finalization and debit/credit of beneficiary accounts. Leveraging this approach, existing/core systems operational at banks/ other payment institutions need not undergo changes in connecting to the blockchain platform, as this complexity is absorbed by the Gateway. 
  • Proxy Resolution - The Proxy Resolution solution from Quartz comprises a private permissioned blockchain ecosystem which Banks can connect to in order to enable secure payment transactions for their end customers. The solution ensures that sensitive personal financial information is protected, while ensuring at the same time that payment transactions can be initiated without the need for retail customers/Payers to know the complete bank account information of Payees. 

We, at Quartz, are continuously innovating and look to bring to you solutions for KYC, Account Switch and Loan Securitization and many more. Watch this space for more updates. For a demo on Quartz, please reach out to us at

What's your challenge?
Let's work together to solve it.

Thank you for downloading