27 June 2017
visit www.finastra.com

Nimbrix to form buy-side blockchain consortium

01 November 2016  |  7004 views  |  0 Binary

Nimbrix, a fintech startup foundered by veterans of BlackRock, UBS and BGI among others, has partnered with KPMG and Microsoft to create a blockchain consortium for the asset management industry.

Nimbrix is bringing to market a next-generation investment management platform that taps Microsoft Azure, blockchain and open APIs to circumvent the problems presented by the fragmented legacy systems typically used by the buy-side.

The firm says Nimbrix data is easily shared, augmented and analysed by authorised users and trades can be executed instantaneously between counterparties, thus reducing the risk of trade errors and inefficiencies.

“It’s more than just a product,” says Simon Bullers, Nimbrix CEO. “It’s a revolutionary approach to software for the financial services sector. Traditional solutions for this industry take years to deploy and transition to, but you can bring up a Nimbrix platform in minutes, and then transition to it in months, and because it’s software-as-a-service (SaaS), running on Microsoft Azure, firms can avoid huge, upfront capital costs.”

The firm is showcasing its approach at Microsoft's Future Decoded conference in London, with a release date for the core platform penciled in for 2017.

KeywordsBUY SIDE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Luxembourg fund industry coalesces around blockchain

Luxembourg fund industry coalesces around blockchain

07 October 2016  |  10886 views  |  0 comments | 20 tweets | 21 linkedin
Buy-side still reliant on manual process for complex derivatives - report

Buy-side still reliant on manual process for complex derivatives - report

26 August 2015  |  4736 views  |  0 comments | 5 tweets | 8 linkedin
Asset managers to face growing competition from big tech and retail firms

Asset managers to face growing competition from big tech and retail firms

18 June 2014  |  8000 views  |  0 comments | 13 tweets | 12 linkedin

Related blogs

Create a blog about this story (membership required)
visit wavestone-advisors.co.ukdownload the report nowvisit www.www.fisglobal.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
10892 views comments | 4 tweets | 5 linkedin
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
8648 views comments | 19 tweets | 33 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
7996 views 0 | 4 tweets | 2 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
7799 views comments | 9 tweets | 6 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job