ConsenSys Enterprise Teams up with Deloitte To ‘Fundamentally Transform’ Banking

762

Share with:


Deloitte and ConsenSys Enterprise announced today that they will work together to offer a suite of digital banking products to the financial services industry, underpinned by Blockchain technologies.

“We look forward to this collaboration with Deloitte. This provides an opportunity to bring together our ongoing Blockchain efforts in digital identity (uPort), triple entry accounting (Balanc3), financial products (E.g. lending, bond market, escrow) and deliver customer centric exponential solutions in financial services,” said Kishore Atreya, head of consulting and digital banking at ConsenSys Enterprise.

“Deloitte is treating digital transformation and innovation in financial services as a global priority and distributed systems technology is proving its potential for us and our clients” said Thomas Jankovich, Innovation Leader for Financial Services at Deloitte Consulting LLP. “Having previously designed and built digital banking propositions entirely around customers, we understand the importance of service architectures and organizational capabilities needing to be strong, flexible and nimble and Blockchain checks all the boxes.”

The collaboration combines the strategic consulting experience of Deloitte, which works with each of the top 30 banks across its member firms globally, and ConsenSys Enterprise, the largest Ethereum-centric Blockchain company in the world, which uses its Blockchain subject matter expertise to assist banks looking to accelerate their transformation.

The firms’ collaboration will focus on helping clients re-imagine the core banking environment and consulting on how Blockchain technologies can improve their traditional financial products and services, including in the lending and savings areas. By using Blockchain technology, the new digital banking framework will allow systems to be developed that can interact more reliably and securely.

Other areas of focus for the two firms’ collaboration will include creating innovations in the asset management and collateral management space, linking Blockchain and Internet of Things technologies to provide real time data and insights on physical assets, as well as extending efforts around digital identity to form the foundation of a new core-banking digital products and financial transactions.
 

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

Visit Website
View All Articles
Chronoform

Get Blockchain News Where You Are!

Join our Linked in GroupLike our Facebook Page
Linkedin Group BlockchainLinkedin Facebook Group