Funding
Funding not disclosed
Founders
Product
Problem
Existing cross-border payment systems often involve multiple intermediaries, leading to high transaction costs, slow processing times, and a lack of transparency. These inefficiencies hinder international trade, remittances, and financial inclusion, particularly for individuals and businesses in underserved markets.
Solution
IZZI provides a patented interbank payment infrastructure designed to facilitate real-time, secure, and cost-effective cross-border payments. The platform leverages tokenized central bank money, tokenized commercial bank money, and tokenized correspondent banking to streamline transactions across different currencies and jurisdictions. By enforcing KYC/AML/CFT requirements in real-time, IZZI aims to enhance security and compliance while promoting competition among bank and nonbank payment service providers. The infrastructure supports 24/7 account-to-account payments, fostering a unified global network of interoperable financial ecosystems.
Target Audience
IZZI targets payment system operators, banks, and non-bank payment service providers seeking to upgrade their infrastructure for faster, cheaper, and more transparent cross-border payments.
Features
- Tokenization of central bank and commercial bank money for secure and efficient transfers
- Real-time cross-currency payments at real-time foreign exchange rates
- Automated enforcement of KYC/AML/CFT regulations
- Interoperability with existing banking systems
- Support for both domestic and cross-border transactions
- Utilizes distributed ledger technology to maximize security, resilience, and auditability