WASHINGTON, DC, April 10, 2018 (GLOBE NEWSWIRE) -- Xalles Holdings Inc. (OTC: XALL), a company focusing on accelerating fintech companies, leveraging blockchain technology for financial reconciliation, and payment auditing solutions, recently revised and revamped its business plan to meet the increased demands of the X2X transaction tracking and reconciliation markets.
The core business model for Xalles is setting up “toll gates” for payment transactions to capture revenue from the commerce conducted by government organizations, businesses and consumers. In 2018, the company intends to utilize a blockchain-based platform to meet client challenges in investment & financing systems (IFS) and financial transaction reconciliation (FTR). Open-ledgers and Smart Contracts combined with the intellectual property designed into the company’s X2X system, provide a new, previously inaccessible level of transparency and integrity in these areas.
“Recently, we have seen blockchain take the world by storm,” said CEO Thomas Nash, “Many people have come to realize the technology has tremendous potential, but not as many people have put it to practical use yet. We have an actionable plan to make use of blockchain technology to dramatically improve the transparency, speed, and integrity of the IFS and FTR markets.”
In addition to creating a less error-prone and more trustworthy approach to reconciliation and investment and financing systems, blockchain-based platforms will increase the speed and efficiency of these services. The company will look to a combination of organic development and growth in 2018, plus several strategic acquisitions to enhance the resources and service offerings to consumers, business and government agencies. Xalles’ most recent acquisition was of ArrowVista Corporation, now a wholly owned subsidiary of Xalles, which performs payment audits.
More updates will follow as the company continues to execute on its new business plan and begins putting its blockchain-based platform plan into action through X2X.
About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a holdings company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities to invest and accelerate growth in. Recently, the company has placed emphasis on leveraging blockchain technologies to provide industry-leading financial reconciliation and auditing solutions, which will allow for the capture of recurring revenue streams over time. For more information visit: http://xalles.com
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