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identitii and Blue Prism partner to help banks streamline transactions

Thursday 31st May, 2018

identitii a company enabling the secure, trusted and auditable exchange of information within and between counterparty financial institutions has announced a new partnership with RPA software provider Blue Prism.

The partnership will enable financial institutions to digitise costly and inefficient manual processes by automating the collation and permissioned exchange of information whilst securely recording a detailed audit trail of all processes and activities on a private distributed ledger, allowing for detailed reporting.

identitii will integrate their permissioned data sharing capabilities and their verification engine, Integrity with Blue Prism’s Digital Workforce, used by businesses to automate complex work processes.

With Blue Prism’s Digital Workforce solution, firms can automate previously manual tasks required by counterparties and meet regulatory commitments, such as the collation of diverse documentation and data stored across multiple legacy systems. When combined with identitii’s Integrity, any document, process or piece of information can be quickly and easily verified and secured through identitii’s private distributed ledger and accompanied with a digital audit trail.

Nick Armstrong, CEO and Co-founder of identitii, commented, "By combining our core strengths, we will enable our customers to achieve enhanced transparency and a complete audit trail of the provenance of information from Blue Prism’s digital workforce. This will allow users to share information more securely, reduce the risk of information being tampered with and allow for detailed reporting."

David Moss, CTO and co-founder of Blue Prism, added, “Security, auditability and compliance can’t be an afterthought when thinking of automation. Working with identitii bolsters our ecosystem of security partners while providing our joint customers with the Digital Workforce they need to complete their digital transformation programs, which helps to ensurethat every transaction is safe and accounted for.”