Introducing Notabene Transact for Real-Time Transaction Authorization

Notabene has recently launched Notabene Transact, a secure real-time transaction authorization solution aimed at regulated entities that deal with complex digital asset flows.

Designed specifically for cryptocurrency transactions, Notabene Transact facilitates multi-party transactions and helps institutions scale their operations while maintaining compliance. This tool leverages the Transaction Authorisation Protocol (TAP) to transform transaction authorization from a reactive necessity into a strategic growth driver.

Addressing Compliance Challenges

While clear regulatory guidelines are anticipated, the growing complexity of financial transactions demands robust compliance measures. Institutions need advanced authorisation infrastructure to simplify real-time transactions efficiently. Many current tools struggle with managing today’s digital asset flows effectively. Notabene Transact overcomes this challenge by focusing on practical applications, streamlining multi-party interactions, and automating compliance across different jurisdictions, thus enabling scalable and compliant real-time transactions.

Notabene Transact Key Features

A key feature of Notabene Transact is its dual-capability system: a discovery and verification mechanism that identifies all parties involved in a transaction flow, and a customizable policy engine that automates decisions according to the institution’s risk appetite, regulatory obligations, and established relationships. This trust-based approach accelerates approval processes, minimizes friction, and enhances transaction throughput, fostering international growth.

The Transaction Authorisation Protocol (TAP) is an open-source, decentralized messaging system that contrasts with traditional systems like SWIFT by enabling secure, policy-driven data exchange across various blockchains or protocols without restricting institutions to closed networks. TAP supports end-to-end encrypted data models, avoids centralized control, and ensures interoperability within diverse regulatory environments. When combined with the Notabene Network, TAP allows businesses to authorize global transactions, scale operations, and adapt to future challenges.