Innovation in digital payment solutions on blockchain

At Finweg, we develop new Digital Payment Solutions on Blockchain technology to facilitate the offer of services provided by financial institutions.

We have more than 20 years of experience in the development and implementation of technology and solutions for payment processing, covering the entire process from its deposit, back-office validations and presentation to the Clearing House, in high production environments in Spain, Latin America and the USA.

Finweg Platform


Transforms current payment methods to increase their security and efficiency.

Enables the creation and incorporation of new payment solutions, applications and services, which streamlines the process at a very low cost.

Provides new actors with system access, incorporating entities such as:

  • notaries
  • retail chains
  • service providers
  • government agencies, etc..

Contributes for a comprehensive credit risk management process so that clients can have a better view of their overall position in the system

Allows for a better exploitation of Big Data by applying AI models for behaviour analysis, macroeconomic trends, liquidity needs of the system, anticipating situations, etc..

Finweg Platform

Technical Features

Unified platform


The full lifecycle of payment orders is managed in a comprehensive manner, providing a global view of their status to all the actors involved, according to the rules and regulations of the applicable organisations.

Decentralised and collaborative process


Its settings reduce processing and information exchange needs between entities because they all work with the same smart contract model.

Real-time operation


Transactions are completed online facilitating the liquidity of the system, drastically reducing the need to fund clearing accounts.

Traceability and control


All events are irretrievably registered, guaranteeing information privacy and confidentiality.

Enhanced security


With blockchain technology security mechanisms in a permissioned network.

Use Cases

We can address different Use Cases providing an enhanced digital alternative:


Advanced Direct Debit

Full cycle management of direct debit payments

  • All players involved share a contract regulating direct debit conditions: receipts periodicity, fixed or variable amount, order confirmation, etc. The platform manages the execution of payments when the conditions are met; manages conditions modifications, accounts, client management and rejection of receipts.
  • 100% electronic process, from the generation of the direct debit, the communication between players, receipts generation and validation and transfer of funds.
  • Traceability of all operations visible to all those involved in them (users, service companies, financial entities).


Conditional payments

Payment subject to a certifier validation

  • The client generates an electronic payment document indicating the amount, the beneficiary and the certifier. If needed, the bank guarantees the funds, blocking them until the operation is completed. The beneficiary, once the terms are confirmed, accepts the payment instrument.
  • When the certifier validates that the conditions have been met, approves the payment and the transfer of funds is made automatically. If, on the contrary, conditions have not been fulfilled, it rejects it and the funds are returned to the client.
  • The entire process is electronic, the full transaction history is traceable, unaltered and transparent to the participants in the operation.


Electronic Alternative to Legacy Payments

New 100% electronic payment that can replicates existing payment models or generate new ones.

  • The company (banks client) generates electronic payment documents with expiration date (check, promissory note, etc.). The bank guarantees the authenticity of the documents and its management.
  • Elimination of problems associated with manual processes: errors, losses, duplicates or fraud.
  • The supplier can endorse it or negotiate its discount in an electronic environment.

Electronic Letters of Credit


Electronic Letters of Credit management for financial transactions, Sale & Purchase Agreements, International Trade, etc.

  • Letter of Credit processes to regulate standard transactions, incorporating all the players in the platform.
  • Management of compliance of the agreed Terms & Conditions by the certifiers (if required) (can be entities, notaries, Trade departments, or even IoT devices).
  • Automatic management of payments when the conditions are met.
  • All players involved in the Transaction have access to the Platform for management, follow-up and controlling.

Electronic Bank Guarantees

Automated management of the life cycle of Bank guarantees

  • The conditions of the Bank guarantee are regulated in the Platform: amount, duration, guarantor, guaranteed, beneficiary and the certifier that indicates whether it should be executed.
  • The whole process is electronic, from the generation of the guarantee until its completion.
  • Traceability of all operations is visible to all those involved in them.

Immediate International Transfers


International multi-currency payments with global liquidity management.

  • The Platform allows to connect all the players that participate in an international transfer.
  • All players work with the same smart contract which guarantees confidence in the operation of the system.
  • Transactions are completed in real time.
  • The liquidity of the system is managed in real time, drastically reducing the need to fund compensation accounts.


Disruptive Technology


information is replicated in a network of completely equal nodes.


There is no repository access key that can be attacked.


  • Transactions are stored in blocks that are sealed with an unalterable code. The blocks are linked (blockchain) which makes any information alteration more difficult.
  • The incorporation of transactions is performed with consensus mechanisms that ensure they are authentic and prevent their manipulation.
  • Stored information cannot be modified or deleted by anyone.

Blockchain Potential (DLT)

Applied to financial processes and services

Operational simplification

DLT reduces / eliminates manual efforts required to perform reconciliation and resolve disputes.

Regulatory efficiency improvement

DLT enables real-time monitoring of financial activity between regulators and regulated entities

Counterparty risk reduction

DLT challenges the need to trust counterparties to fulfil obligations as agreements are codified and executed in a shared, immutable environment

Source: The future of financial infraestructure.

Clearing and settlement time reduction

DLT disintermediates third parties that support transaction verification / validation and accelerates settlement

Liquidity and capital improvement

DLT reduces locked-in capital and provides transparency into sourcing liquidity for assets

Fraud minimization

DLT enables asset provenance and full transaction history to be established within a single source of truth

Management Team

More than 20 years of experience developing and implementing technology for end to end check processing solutions covering the whole process from check deposit, back office validations and clearing on high production environments, in Spain, Latam and USA. Among their many achievements, there are:

  • Country regulations for truncation and check processing successfully implemented in several countries (ie Check21 USA regulation since 2003)
  • High production back office image-driven check processing up to 3.000.000 checks/day in a single platform.
  • Cloud, mobile and remote solutions for web deposit from agencies and end customers or their mobile check deposit.
Enrique Olivera

Enrique Olivera


Enrique Olivera has more than 16 years‘ experience working in tech companies (INDRA) in positions related to business development and business administration in Latam.

He is an Agricultural Engineer from the University of Buenos Aires and also has a MBA from CEMA University.

Wladimiro Navarro

Wladimiro Navarro


Wladimiro Navarro Köhler has more than 25 years of experience in development and innovation positions in different companies, latest 10 years in solutions for the financial sector. Wladimiro Navarro, is a Telecommunications Engineer from the Universidad Politécnica of Madrid. He also has a PDD from IESE.

Alfonso Recio

Alfonso Recio


Alfonso Recio has more than 12 years of experience in Financial Consulting, working in Top consulting firms such as FTI Consulting and Deloitte, having participated in various engagements developing Financial Director, Cash Management and Planning, Working Capital Improvement, Financial & Operational restructuring, M&A, and fundraising activities.


Engineering Team

Antonio Sotomayor

Antonio Sotomayor

Head of Blockchain

Javier Martín

Javier Martín

Blockchain Engineer

 Alejandro López

Alejandro López

Blockchain Engineer

Enrique Sánchez

Enrique Sánchez

Full Stack Engineer

Advisory Board

Luis Álvarez Satorre

Luis Álvarez Satorre

Strategic Advisor

Luis Alvarez Satorre is an experienced global business leader with deep understanding of how innovation through digital technologies can transform businesses.

Currently Chief Executive Officer at SIA Group, previously led businesses from high growth small units to drive the turnaround as CEO of BT Global Services.

Julio Faura

Julio Faura

Technological Advisor

Julio Faura has more than 20 years of experience along the worlds of Technology and Financial Services.

CEO at Adhara, he was the founding chairman of the Enterprise Ethereum Alliance and the’ Alastria blockchain consortium.

Technology Partners

Latest news

Finweg partner of ConsenSys

Finweg is now partner of ConsenSys, a leader in the development of blockchain technologies for the enterprise world. This alliance reinforces Finweg's ability to offer secure and scalable solutions and is a recognition of its capabilities in the...

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