Utocat Reviews & Product Details

I find it interesting that Utocat concentrates on the application of blockchain for financial transactions. When using the platform for the first time, I realized that it is easy to master since most of the operations are well explained. Review collected by and hosted on G2.com.

At the moment, the functionality of the future version of Utocat appears to be quite limited. For my work in financial risk management, this limited functionality means that Utocat can only be used for most of the tasks, as I have described above. Review collected by and hosted on G2.com.

Utocat’s approach to using the blockchain technology for the security of its financial transactions. It creates an additional level of credibility and simplicity in an age where more and more people trust their money to online transactions. Review collected by and hosted on G2.com.

Managing my money by integrating Utocat with other systems I was using has been a nightmare. This has affected implementation process of the materials as well as sparked some frustration within my team. Review collected by and hosted on G2.com.

I find it interesting that Utocat primarily uses blockchain technology for financial transactions to be secure. I like the concept of improving efficiency and security by decentralization of processes. Review collected by and hosted on G2.com.

Some of these aspects of Utocat, I could not even relate to real-life examples in the financial realm. Albeit the blockchain concept is valid, its applicability in finance currently appears to be rather restricted. Review collected by and hosted on G2.com.

Utocat provides me well-picked templates for the usual financial asset, so I could start our security token offering (STO) rapidly. It also has a very strong security system, which is critically important in any blockchain financial service. Review collected by and hosted on G2.com.

Expanding those applications beyond the basic frameworks posed quite a lot of difficulty. There were specific peculiarities of our token offering and Utocat was not versatile enough to cover all the needs of the project. Review collected by and hosted on G2.com.

Utocat optimizes my transactions such as trade finance and regulation to enhance their efficiency and minimize mistakes. I especially cherish the strong built-in audit trails that help support new transparency within our financial business. Review collected by and hosted on G2.com.

USTOCAT has limited options for customization. Implementing core functionalities and modifying them to operate in our unique processes in tandem with existing structures was difficult. Review collected by and hosted on G2.com.

Utocat occupies a leadership position in this regard and I had personal interest in faster settlements and more transparent payment systems. Review collected by and hosted on G2.com.

It is still uncertain what kind of reasoning lies at the base of Utocat’s tariffs. Transaction fee related information is missing, which is a very important factor for any financial software. Review collected by and hosted on G2.com.