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ProofMark for Financial Services
Federal regulators keep a tight rein on the financial services industry, and for good reason. With millions of high-value transactions conducted every day, there are millions of opportunities for high-value fraud or simple negligence by industry insiders with both the means and the motive. Your company documents, logs and carefully archives every record to maintain compliance... But how do you prove the good conduct of your organization? Consider the legal exposure your company could face as a result of a single mishandled trade. Or imagine dealing with an SEC indictment without being able to prove that your records have not been tampered with by trusted employees.
With ProofSpace, you can create transaction histories that are indisputable—whether you are handling a series of rapid-fire stock orders or the daily flow of transactions within a bank. The ProofSpace system attaches a ProofMark—a patented cryptographic “tamper indicator” and trusted timestamp—to every electronic record, every time someone creates or updates a record. You get irrefutable proof of the record’s or transaction’s authenticity—and secure the trust and confidence of your customers and government regulators.