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Thursday, May 6, 2021
Home News ConsenSys Enterprise Teams up with Deloitte To 'Fundamentally Transform' Banking

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

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.
 

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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