1. The Core Engine: Amazon QLDB as the System of Record To replace the blockchain database entirely, Treasury Bank should use Amazon Quantum Ledger Database (QLDB) as its underlying system of record [3]. 2. The Architecture Workflow: Real-Time 1:1 Cloud Ledgering Without a third-party blockchain, the entire machine-to-machine loop is flattened and executed inside a … Read more
Because all Treasury Bank and family office accounts are existing, fully vetted Capital One customers, it’s regulatory risk profile drops significantly. Capital One takes legal ownership of the initial and ongoing Know Your Customer (KYC), Office of Foreign Assets Control (OFAC) screening, and Bank Secrecy Act (BSA) transaction monitoring. However, regulatory pushback can still occur … Read more