Ferrari electronic – Branche Finanzen
Financial sector: Exchange documents in a legally compliant and tamper-proof manner
Ferrari electronic – Branche Finanzen
Digital and legally secure

Fake news and the like: digitalization is changing the way we communicate and perceive reality.

Digital content is easy to create, transfer and change, for example a photo - with a smartphone in hand, it can be taken, edited and sent in a matter of seconds. The same acceleration is now also affecting business life. But what about the legal security of digital documents? How can companies prove the authenticity of their documents? These questions pose challenges for many industries and professional groups. 

The new Next Generation Document Exchange (NGDX) standard provides the solution to all questions.

NGDX transmits documents in PDF format and is compatible with ZUGFeRD 2.1, so hybrid documents that can be read by humans and machines can be sent and processed.

Further advantages at a glance

NGDX in the financial sector

  • Transfer of all inactive PDF content, e.g. color, metadata
  • No transmission of potentially harmful, active content such as hyperlinks or applications
  • End-to-end transmission of all documents
  • Confirmation of receipt of the complete and unaltered contents
  • High transmission speed
  • Downward compatibility with the fax server
Protect against manipulation

Tracking transactions with NGDX

Some may still have the news in their ears: a handful of high-speed traders are manipulating share prices worldwide. The procedure is very simple. The “flash boys”, as they are known on Wall Street, spy on the stock market orders of other market participants via unencrypted and therefore insecure information channels. They exploit this knowledge advantage to make a good deal themselves. They first identify an investor's intention to buy. They then purchase the share before the buyer and resell it at a higher price. The trader pockets the profit and take advantages of the investor paying the surcharge. 

In order to be protected against manipulation, investors and brokers need security, which is particularly guaranteed when exchanging sensitive data with Next Generation Document Exchange. NDGX secures content using two different encryption methods

Ferrari electronic – Branche Finanzen
End-to-End

NGDX: Double encryption

NGDX combines two methods in what is known as hybrid encryption: Asymmetric and symmetric encryption. The asymmetric key pair consists of a secret (private) key and a non-secret (public) key. It is also known as the public key encryption method. The second encryption method used is symmetric encryption, in which only one key is used.

Ferrari electronic –  Branche Finanzen Büro
Fast and digital

Working instead of archiving.

With NGDX, you can increase your working speed and migrate your communication processes to the digital world with little effort. Instead of sending important documents by post and filing them manually as before, these documents can now be quickly and easily transferred digitally and archived automatically. The streamlined process reduces potential sources of error and optimizes the paperless workflow.