Key Takeaways:
- Finteum is revolutionising intraday financial markets in Fintech, leveraging the power of distributed ledger technology (DLT).
- The startup facilitates a global financial market for bank treasurers to lend to each other for short periods of time.
- Finteum uses R3’s Corda Distributed Ledger Technology protocol, which accelerates trade execution and settlement.
- The innovation is anticipated to transform the way intra-day transactions are conducted introducing transparency and efficiency in lending.
- With its innovative solution, Finteum is set to make a significant impact on the Fintech industry.
Finteum, a London-based startup, is pioneering a phenomenal shift in the Fintech space. Founded by Brian Nolan and Zbigniew Czapran, the company is leveraging distributed ledger technology (DLT) to transform the way intraday financial transactions are conducted. Particularly focusing on intraday FX swaps, the startup gives a unique twist to Fintech by creating a global financial market where bank treasurers can lend to each other for hours at a time.
Continuing to push the boundaries of digital innovation in Financial Exchanges, Financial Services, and Enterprise software, Finteum has seized the potential of blockchain technology to build an efficient, transparent, and streamlined financial market. Finteum is undoubtedly an embodiment of technology-induced transformation within the financial industry.
What sets Finteum apart is their cutting-edge use of R3’s Corda Distributed Ledger Technology protocol. This facilitates faster trade execution and settlement, revolutionising short-duration asset lending between banks. Prior to Finteum, such a platform didn’t exist. The use of Corda allows Finteum to operate on a highly efficient and reliable network, hence replacing the traditionally complex and time-consuming process, with a simple and fast solution.
Moreover, by maintaining a tamper-proof record of transactions on the blockchain, Finteum introduces an unmatched level of transparency. Therefore, not only is Finteum revolutionising short-term lending among banks, but also enhancing the integrity of intraday financial transactions.
Looking ahead, the Finteum platform is poised to radically transform the way banks manage their intraday liquidity. The revolutionary move is a significant step toward building a more audit-friendly financial ecosystem, instilling trust and confidence within the realm of intraday lending. As DLT continues to gain traction across the globe, Finteum’s role in pioneering its use in intraday financial markets continues to shine prominently.
Stay connected with Finteum’s accelerating journey on their website or their social media accounts on Twitter, Facebook, and Linkedin.
Want to supercharge your brand’s visibility within the UK tech industry? Reach startup founders, investors, and C-level executives with sponsored articles on UKT.news. Connect with us and discover how our advertising solutions can propel your brand to new heights. Explore our Sponsored Articles & Partnerships Program here.
