1. Abstract

The Advanced Project is a payment and remittance service that integrates next-generation technologies such as blockchain, big data, and AI for financially excluded populations in Africa, Southeast Asia, and other regions.

AUC consists of platforms such as payment/remittance, identity authentication, blockchain, and big data analysis, which are organically linked to provide a safer, faster, and more accurate digital financial solution.

Payment Railway

  • A platform for simple payment and domestic/overseas remittance (transfer) with very low fees compared to existing credit card fees.

  • As customers use the platform, their loyalty and credit rating can be measured (Big Data Analysis) to provide rewards and services such as small loans.

  • Future compatibility with IC cards and gift certificates for offline use is also being pursued.

Blockchain

  • Can manage identity authentication, transactions, credit ratings, and supports overseas remittances linked to Payment Railway.

  • Also provides Digital Currency and Swap features to support easy trading of various coins already issued.

  • Since these functions cannot be forged or tampered with, more secure services can be provided.

Big Data Analysis

  • Using various information from customers using our platform (deposits, withdrawals, transfers, transactions, etc.), we analyze their loyalty and lifestyle patterns using transaction volume, average balance, transfer trends, etc.

  • Provides customer-specific recommendation services based on lifestyle pattern analysis.

  • In addition, measured loyalty is used for providing lower fees and more rewards.

Decentralized Identification

  • Introduces a blockchain identity authentication system to enable platform users to use the service more safely.

  • Various information required for identity authentication, such as KYC and FICA, can be managed without tampering.

※ The service plans to cooperate with various institutions and companies through close collaboration with the country as an independent identity authentication service in the future.

Cash Digitization

  • Enables easy deposit for those who are excluded in the financial sector, such as those who lack birth registration or immigrant workers.

  • Our cash deposit-only machine is also placed in areas where there are not many bank branches, increasing the utilization rate of the platform.

Here's how Advanced Project impact the existing financial system.

  • Customers are provided with easy payment and remittance services, cost savings through various rewards, and reduction of existing payment fees to increase satisfaction.

  • Merchants are provided with a free app for store payments instead of the traditional costly POS device, attracting potential customers to use TIER services, and generating more revenue through reduced fees.

  • Provides banks with new customer acquisition effects such as attracting customers and issuing cards based on the credit data of financially excluded populations using the AUC financial platform.

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