DYNAMIC FINANCIAL PROTOCOL

Abstract

A computer system for generating a dynamic financial protocol can include: non-transitory computer-readable storage media encoding instructions which, when executed by the one or more processors, causes the computer system to: receive a request for a financial transaction from a user; validate information associated with the user, including Know Your Customer (KYC) details about the user; generate a financial identifier for the financial transaction, wherein the financial identifier is a global unique identifier for the financial transaction; generate a message in accordance with the dynamic financial protocol, wherein the message includes: the fixed part includes the user's KYC details, an account of the user, and the financial identifier; the configuration part includes account details of a recipient; and the dynamic part is a multidimensional array that includes additional transaction details; and process the financial transaction initiated by the user based on validation of the recipient using the financial identifier.

CPC Classifications