American Banker has recently published an article about ACTUS – expounding the base idea of ACTUS and what it solves.
The article argues that on the Transaction Processing Level the concept of “Smart Contracts” exists since thirty years, however in a very imperfect way.This imperfection causes multitudes of problems on the Analytic level. The current solution to this problem are intermediary data pool such as Data Warehouses. We show that this aggravates the problem. What is needed is a standard for financial contracts that standardizes beside data also the cash-flow generation. Such a smart contract will overcome the current dichotomy between the Transaction Processing and the Analytic level.
