Business
Xalles Provides an Update on the Xalles Financial Services Business Group
Xalles Provides an Update on the Xalles Financial Services Business Group.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"Xalles Holdings Inc. (“Xalles”) (OTC: XALL), a leader in technology and financial services, proudly presents an update on its Financial Services Business Group, incorporating recent fintech trends and market dynamics. This aims to highlight the strategic positioning of both our existing and our newly announced subsidiaries.The Xalles Fintech LegacyThe origins of Xalles date back more than 20 years to the time when large financial service and payment systems were implemented by the Xalles team within and across major corporate entities and government agencies. This experience led to the development of what is now known as X2X, a proprietary system that Xalles owns to perform advanced types of financial transaction reconciliation. Moving forward, Xalles plans to utilize this solution for post-payment auditing and other reconciliation applications. X2X: A Unique Solution for Financial Transaction ReconciliationX2X provides a Blockchain-based standards and controls platform to support multiple existing and new policies, processes, and business rules, and it creates a mechanism to measure and ensure compliance. It displays more detailed information about operating and transactional costs, thereby increasing transparency and improving financial accountability. The flexibility of the user interface allows X2X to support G2G, G2B, and B2B transactions. X2X bridges the information and financial gaps between departments and trading partners in managing transactions, including ensuring that accounting entries are kept in sync throughout the transaction lifecycle. A previous version of X2X has already been used in the field and supports all U.S. Government technical and security policies and over 900 published U.S. Government policies and procedures that can be configured for any organization.X2X: Supporting the Financial Supply ChainFinancial Supply Chain transactions have an intrinsic productivity value, a time value and a financial value. X2X provides an automated, rules driven, end-to-end solution that assists financial managers with extracting all value types through real-time decision-making support and data analysis. The X2X sophisticated information and transaction processing solutions help investment consortiums, businesses, and corporate departments alike better enforce rules and policies, monitor and reduce risk and fraud, o...