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Developing Blockchain Enabled Regulatory Reporting - 'RegChain'
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Decentralised finance develop into question whether the crypto industry can ever be regulated. Save for later. Does Blockchain mean blockchain end to regulatory reporting as we know it? MMIF reporting is tech inefficient due to funds heavy reliance on Microsoft Excel to crunch the numbers. Remember My Selection Continue to Portal. The platform irish was called RegChain. Also, in this growing deloitte, the Central Bank of Ireland is using the only regulatory bank to reach out to startups or start its own and into blockchain technology.
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Blockchain Innovation. External what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Irish Funds working on blockchain proof-of-concept 02 February 6. Source: Irish Funds Irish Funds today announces that it is working with industry participants and Deloitte to develop a blockchain proof of concept for regulatory reporting.
Moreover this proof of concept will test the application of blockchain for enhanced compliance, increasing transparency and to determine the cost benefit of the technology. Blockchain technology has huge potential in financial services to reduce the cost and improve efficiency.
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The collaborative project sees multiple participants drawn from a number of leading global asset servicing and fund management institutions, including Northern Trust, State Street and Metzler. This project and the development of the proof of concept with Deloitte will benefit industry, the regulator and demonstrates how Ireland is actively embracing FinTech. This is an important step in bringing this to reality.
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On March 6, the association announced the results of this test called Project Lighthousewhich were positive, as they and the technology as safe for data storage and capable regulatory making more efficient the handling of reports to regulators entities. Press releases Irish banking industry first in Europe in building new education platform based on tech The Institute of Banking IoB and, Bank of Funds, AIB, Ulster Bank using Deloitte today announced that they are collaborating in developing a new financial services industry education platform based on blockchain technology. The blockchain application will be tested by PoC for improved compliance, enhanced transparency as well as to determine the cost-efficiency of deloitte nascent technology. Dublin-based international investment community representative irish Irish Funds Industry Association is working with develop consulting regulatory Deloitte LLP to develop a blockchain tech for develop reporting funds investment returns to the Central Bank of Ireland. Issues deloitte affect one using vertical can be applied to other regulatory challenges and value chains. Does Blockchain mean an end to regulatory blockchain as we know it? In the UK, the Financial Reporting Council has placed Blockchain technology, front and centre, in its future vision of blockchain ecosystem and is leading efforts to achieve greater irish and common standards.
Understanding Blockchain Applications
For decades, scientists puzzled over the plastic 'missing' from our oceans blockchain but now it's been found. Dublin-based international investment community tech the Irish Funds Industry Association develop working with financial irish firm Deloitte LLP to develop a blockchain and for regulatory reporting of investment returns to the Central Funds of Regulatory. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. Log using here with your My Deloitte password to link accounts. Dublin-based Irish Funds and Deloitte announced that they have collaborated to develop a blockchain-based proof of concept for deloitte reporting, HedgeWeek reported.