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Adjoint
Wednesday, Oct. 25, 2017 · 11:59 a.m. · 04m 48s
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hi i'm halo uh from a joint we're a boston and landed based rock jane startup
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focused on smart on cracks for financial institutions or to increase their profit margins
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so probably try to saw today is how automating the manual that every place in
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the manual processes that large financial institutions like banks insurance companies currently used today
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the user's manual processes to record the transaction to report to the regulator
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as well as process the transactions so for example think about
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a bank entering into an interest rate swap with of that management client
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they have to record these transactions manually and then on a daily basis to to go out and get the reference raped and
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do the calculations to see who was will money record that invoice
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record the payment and start the process all over again
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so there's a lot of redundancy in these processes happening at various institutions and
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so we feel block chain technology is the ideal solution for this because
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it provides a single source of troop around the transactions between these parties
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and that you can have a smart contract lay on top of
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it which automate these processes and the second one accurate manner
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our solution is built from the ground up for financial
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institutions uh we don't use any of the
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public block changes the private brought chain built with
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securities capability and uh accuracy in mind
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uh the innovation that we bring to the industries around what we call our asset morning law library
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there you have predefined um software code snippets around you
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and equity uh want to call options swapped
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so a financial institutions uh and the business uses the financial institutions can start using this today
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are distributed legit back i'm happy to announce has been open source today this morning so feel free
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to go check it out and you can be up and running in about ten minutes there
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uh the other thing that we've done is create a p. i. hoax and
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software development get so this is easily integrated within the enterprise systems
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the market size that initially going after those around the five hundred trillion dollar in
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dollars in all the seed of it is that are created today um and then
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to go to go to the insurance market and other what because after that
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uh the one the most invest will start up at the levi start abroad chain challenge last in london
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uh we've already generated revenue from appeared project button on an gas trading company
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and are currently in discussions around the ears by let's uh in boston london and happy
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to say in switzerland yeah entering into a project with a eli uh in zurich
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our management team is mostly comprised of people understandable secure accurate
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enterprise great software as well as people understand finance ice uh personally spent
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eight and a half years at the hedge fund in boston
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uh but most of investors were really suppose financial institutions and family offices
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we already raise one point three million from a variety of investors
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in the us in your including a family office yeah and the finishing up a point seven million around in the next month
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uh to really establish a presence in zurich and uh a recruiter team both on the
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business side as well as on the topography and of formal verification most off aside
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i have to cut clear before the q. and then
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some question to a though
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sure
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well we had indeed uh targeting the enterprise market and buy interpret moment last financial institutions
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and then they're buying enterprise software be believe they're not going to
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be an interested in buying the pope in all paying for
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the services in the form of a broken obviously despite change down the road and our softens adaptable
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enough to be included broken down the road if the market demands that but right now
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it but but we believe it a v. c. is also bring you know
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a lot more discipline uh as a startup younger more focused on
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you know what next milestone we need to reach we don't actually buildings often not writing by
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papacy okay let you two guys talk afterwards one last question from the audience please
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a pilot's solicitation uh here and the indians we can name them
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an answer and say we are using eva eva is a company that's gonna be involved in that pilot as well
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