SYD.cloud is a platform managing highly secure business transactions. In short, it is a business-oriented Facebook, used exclusively by identified and authenticated members and independent experts able to provide advisory services. The project, carried out by PaySecure WorldWide, was implemented at the Technoport in Foetz. Supported by real heavyweights, its creation was carried out in collaboration with technology players like IBM, Luxembourg's digital authentication specialist LuxTrust, and the European leader in the management of sensitive information EBRC, as well as several legal and financial experts.
“Imagine buying a machine tool in China. To carry out the transaction, you invite the seller, but also the sales representative and your banker, explains Saïd El Bakkali, CEO of SYD.cloud. Then there is a discussion, an exchange of technical data, a financial proposal... On SYD.cloud, you can work in total security, each participant previously identified and authenticated. Once trust has been fully established, the process is more effective. SYD.cloud will allow you to manage all stages of the transaction. And if, nevertheless, you have any doubt, you have access to the advice of a partnering lawyer via the platform, or for example to a specialist for export insurance. The latter, instantly inserted into the workflow, can then answer your questions, which will allow the transaction to continue without a hitch...”
This enables due diligence to evaluate all the participants and to check the accuracy of the information transmitted to identify them. In a simple and ergonomic way, the transaction process via the platform will allow everyone to intervene at any time. All stakeholders, including intermediaries, are invited to join a specific transaction. Throughout each step, the user can detect risks and, if necessary, suspend or cancel the transaction.
Meet with Boussa El Ouafi, Chief Strategy Officer, SYD.Cloud