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Two-stage cross-border transaction system and method

A transaction system and cross-border technology, applied in the field of cross-border transactions, can solve the problems of distrust, repeated reconciliation, increased time cost and labor cost, etc.

Pending Publication Date: 2020-06-30
CHINA CONSTRUCTION BANK
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

In terms of business model, multi-level agent banks are also required to act as agents, and the mutual distrust between institutions and repeated reconciliations add a lot of time and labor costs to the entire business process.

Method used

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  • Two-stage cross-border transaction system and method
  • Two-stage cross-border transaction system and method
  • Two-stage cross-border transaction system and method

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Embodiment Construction

[0021] The following will clearly and completely describe the technical solutions in the embodiments of the present invention with reference to the accompanying drawings in the embodiments of the present invention. Obviously, the described embodiments are only some of the embodiments of the present invention, not all of them. Based on the embodiments of the present invention, all other embodiments obtained by persons of ordinary skill in the art without making creative efforts belong to the protection scope of the present invention.

[0022] Business participants in cross-border direct payment transactions include core member banks, non-core member banks, custodian banks, regulatory agencies in various countries, transaction initiators, and transaction recipients. The details are as follows:

[0023] Backbone member banks: Large-scale banks in a certain country or region with large cross-border transaction volume. The backbone member banks generally have good business contacts...

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Abstract

The invention provides a two-stage cross-border transaction system and method. The two-stage cross-border transaction system is jointly composed of a plurality of backbone member banks, a non-backbonemember bank, a trusteeship bank and a supervision institution, wherein the plurality of backbone member banks, the trusteeship bank and the supervision institution form a first-level transaction network in the two-level cross-border transaction system, and each backbone member bank in the plurality of backbone member banks and the corresponding non-backbone member bank form a second-level transaction network in the two-level cross-border transaction system. Through applying the blockchain technique, the payment information can be shared by the participant on the account book according to theservice authority; the real-time sending and querying of data information can be achieved, and the service efficiency can be greatly improved; compared with traditional SWIFT transmission based on anISO20022 message format, the data security of cross-border transaction processing is greatly improved, and the time cost and the labor cost consumed by two-stage cross-border transaction are reduced.

Description

technical field [0001] The present invention relates to the technical field of cross-border transactions, in particular to a two-level cross-border transaction system and method. Background technique [0002] At present, the existing two-level cross-border transactions are mainly through SWIFT for cross-border payment processing, and message communication is realized by SWIFT transmission. SWIFT is a centralized transmission, but this transmission method has a serious risk of information leakage. In terms of business model, multi-level agent banks are also required to act as agents, and various institutions do not trust each other and repeat account reconciliation, which adds a lot of time and labor costs to the entire business process. Contents of the invention [0003] The embodiment of the present invention provides a two-level cross-border transaction system, which is used to improve the data security of cross-border transaction processing and reduce the time cost and ...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q40/02G06Q40/04
CPCG06Q40/02G06Q40/04
Inventor 杨涛才鑫刘志升许晨阳
Owner CHINA CONSTRUCTION BANK
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