Using Truvity as a layer for an existing document management system, a company begins by issuing its financial statement as a tamper-proof document, which is instantly structured in a machine-readable format.

Once issued, the company securely shares the document with a notary through Truvity’s Secure Messaging functionality.

Instead of relying on traditional paper-based methods, the notary can easily verify that this document is authentic by using Document Verification. This process confirms that the correct company issued the document and has not been altered.

Since every action is logged in the audit trail for full transparency and traceability, the company meets strict regulatory requirements. It can easily prove that every document was handled properly.

With the certification complete, the company retrieves the certified version and submits it to the bank. The validation happens in real time, allowing the bank to confirm the legitimacy of both documents without manual checks.

The bank automatically retrieves KYC and AML status documents to meet compliance requirements. These are then combined into a Payment Compliance Portfolio, which is securely shared with the receiving bank.

The receiving bank verifies all documents using Truvity’s infrastructure, ensuring the transaction meets compliance standards before processing.

Before settling the payment, the receiving bank cross-checks the payee’s KYC and AML status. Once verified, the funds are credited to the recipient’s account.

A Payment Confirmation Document is issued and simultaneously linked to the initial Payment Compliance Portfolio. It ensures that this document is formatted correctly and includes all final payment details. It is also stored securely and has its own trail for audit purposes.

The receiving bank shares the Payment Confirmation Document with the sender’s bank. Truvity enables easy verification of this document, allowing the sender’s bank to confirm the successful payment and notify the payer.