Secure Financial Data Storage - SR-006

Program Architecture Layer	Business Logic Layer
Module	Data Collection and Intake
Component	Financial Information Module
Level of Importance	Optional
Priority	Low
Social Protection Delivery Chain Stage	Intake and Registration, Provide

Requirement Description	SR ideally should implement a secure module for storing and managing beneficiaries' financial transaction details including bank account information.
Justification	Facilitates direct benefit transfers and financial inclusion initiatives.
Use Case	Securely store and manage beneficiaries' financial transaction details including bank account information.
Data Elements Required	Financial Transaction Data, Beneficiary ID, Security Credentials
Minimum Technical Specifications	Data Storage: Relational database with encryption for financial data. Data Access: Role-based access. Security: Secure file transfer for financial transaction data.
Standard Technical Specifications	Data Storage: Encrypted database with HSM support. Data Access: Fine-grained access control with OAuth 2.0. Security: PKI for data transfers.
Advanced Technical Specifications	Data Storage: Distributed ledger for secure and transparent data management. Data Access: Attribute-based encryption (ABE). Security: Blockchain for enhanced data integrity and secure transactions.
Security & Privacy Requirements	Encrypted financial data storage, PKI for secure data transfers.
Scalability Considerations	Distributed ledger for scalable financial data management.
Interoperability Requirements	Integration with banking systems for financial data exchange.
Compliance with International Standards	Compliance with ISO 20022 for secure financial data exchange.
User Interface Requirements	Secure data entry forms for financial information with validation checks.

openIMIS

Secure Financial Data Storage - SR-006

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