In a world of rapid financial transactions, global commerce, and digital payments, one company is redefining the future of banking and payments—Lock Trust, Inc.
Born from decades of experience in the payments space and built differently from the ground up with patented technology, Lock Trust was created to solve the persistent problems banks, governments, and businesses have faced for years. And unlike others in the space, Lock Trust isn't here to compete—it's here to collaborate.
Lightbulb Moment: Building Lock Trust to Solve Decades of Problems
Lock Trust, Inc. was born from founder and CEO Gina LeBlanc, who spent a lifetime in the financial sector with a deep, personal understanding of the financial industry. Having navigated multiple mergers and acquisitions at institutions of all sizes and opened or turned around 100+ sales offices for top international banks, LeBlanc realized the need for a comprehensive platform that could solve longstanding issues. She observed the inefficiencies of outdated systems that struggled to adapt in a rapidly changing market. With this experience, she came to a critical realization: the financial industry's biggest hurdle isn't the lack of technology but the lack of flexibility.
"I built Lock Trust to address the problems that have plagued the banking and payments sectors since their inception," says LeBlanc. "Our technology is adaptable, payment-agnostic, and designed to give financial institutions the flexibility they need to expand without overhauling their infrastructure. The ability to choose just a few patented features added to their existing system, rather than having the hurdle of changing an entire operating environment, makes the sale very easy."
Their Techs' motto has always been, "If you have to write it down, code it!"
They are a tight-knit family of innovators who thrive on building solutions that reshape industries.
The Lock Trust platform was built from the ground up, leveraging decades of expertise and incorporating advanced AI to automate processes that have traditionally been cumbersome and prone to human error. From secure international trade transactions to automating tax collection, Lock Trust is the future of financial technology.
Key Features: Groundbreaking Solutions That Transform Financial Ecosystems
Lock Trust is not just another Fintech offering. It brings to the table a suite of innovations that solve critical pain points across multiple sectors:
1. Cashless Gaming: Cash-based casino operations face theft and fraud issues, with the American Gaming Association estimating that the shift to cashless gaming could reduce casino theft by up to 20% annually (AGR). As the first to market with cashless gaming, Lock Trust is transforming casino environments. By eliminating cash transactions, theft, and crime are reduced, and players are provided the convenience of purchasing chips directly at the table and having winnings deposited into their accounts or loading a slot machine with their phone or card. This streamlined, secure system enhances the experience for both casino operators and players, mitigating risks and offering unmatched security.
2. Automated Tax and Value-Added Tax (VAT) Collection: Governments worldwide struggle to collect taxes efficiently, often losing revenue due to unpaid taxes from bankrupt businesses or corporations exploiting loopholes. The global VAT gap is estimated at €134 billion in 2019, largely due to inefficiencies such as fraud, evasion, and administrative errors. Addressing this gap could significantly improve government funding for essential services such as healthcare, education, and infrastructure (VATupdate) (Taxation and Customs Union). Lock Trust's patented split payment technology automates the process of paying taxes or commissions in real time from the funds collected, ensuring that governments receive timely, accurate payments. By removing the administrative burden from businesses, Lock Trust offers a valuable, reliable solution to both parties, with competition patent-protected.
3. Online Escrow: Replacing traditional letters of credit with a secure online escrow service, Lock Trust mitigates the risks associated with larger transactions and international trade. Funds move quickly but are only released when all conditions of a transaction are met, ensuring that businesses and governments can trust that their goods and services will be delivered as agreed and payment is verified. This is particularly vital in global commerce, where disputes and the non-delivery of goods often jeopardize multi-billion-dollar deals. This product, combined with our tax technology, offers global tax collection through customizable solutions.
4. Card-Present Security for Digital Transactions: Fraud related to digital transactions costs businesses over $32 billion annually, with a rising trend in e-commerce fraud (World Economic Forum). One of Lock Trust's standout innovations is its ability to bridge the gap between online and in-person transactions. By ensuring the same level of security for e-commerce and remote transactions to be mimicked as card-present scenarios, Lock Trust offers peace of mind to businesses and consumers alike. In an era where fraud in digital payments is rampant, this technology sets Lock Trust apart from its peers.
5. E-wallet: An all-in-one financial platform that provides a comprehensive solution for managing and moving money globally. The e-wallet integrates various financial services into a single, user-friendly interface, enabling seamless transactions and robust management of funds. This platform is designed to meet the needs of both individuals and businesses, ensuring efficiency and security in all financial operations. For the unbanked population, which still accounts for 1.4 billion people globally (World Bank Blogs), the e-wallet serves as a critical financial inclusion tool, offering access to essential banking services like savings, payments, and remittances without the need for a traditional bank account. By bridging this gap, the e-wallet empowers individuals in underserved regions to participate in the global economy. Receive payroll in a virtual bank and conduct life as usual.
These advancements represent just a few of the ways Lock Trust is reshaping the financial technology landscape. As these solutions address both immediate and long-term challenges, they also offer compelling reasons for financial institutions to consider integrating Lock Trust into their operations.
Why Should Financial Institutions Adopt Lock Trust?
At the heart of Lock Trust's mission is the idea that financial institutions, governments, and businesses don't need a disruptive overhaul of their existing systems—they need expansion. Lock Trust provides that option with an easily integrated platform that works in harmony with existing architectures. Doing so empowers institutions to grow and modernize without the costly and time-consuming need for replacements.
Lock Trust is poised to lead the evolution of financial technology. As institutions look for ways to stay competitive in an increasingly digital world, Lock Trust offers patented technology to expand their services without overhauling their current infrastructure. With over 170 financial institutions across the EU and US already integrated, Lock Trust is more than ready for global adoption.
"Our technology isn't just a short-term solution," says LeBlanc. "It's designed to address the future needs of financial institutions, governments, and businesses. As AI continues to transform industries, Lock Trust's advanced solutions ensure our partners stay ahead of the curve."
Conclusion: Banking a One-World-Market
Lock Trust's tagline, "Banking a One-World-Market without Borders," perfectly encapsulates its vision. As a payment-agnostic platform built for everyone, Lock Trust removes the barriers that have traditionally limited access to modern financial solutions. With a focus on inclusivity, flexibility, and innovation, Lock Trust offers financial institutions a chance to expand their capabilities and serve a global market.
"Once in a while, something extraordinary comes along that changes everything. Lock Trust is that change."
Lock Trust Inc. is not just offering a solution for today—it's paving the way for the future of finance.
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