R3 and Blanc Labs are partnering to bring innovative FinTech solutions to life using blockchain technology. R3’s Corda platform is a leading blockchain platform for businesses and Blanc Labs’ team of experts will work with each client to help build smart strategies around effective use-cases and implementation.
Be it for treasury reconciliation or lower-cost transactions, blockchain technology helps achieve new levels of back-office efficiency within financial institutions. Loans and mortgages can be put on autopilot using smart contracts. Complex processes such as international letters of credit for small and medium trading firms can be de-layered and disintermediated. Payments systems can be transformed and enhanced.
“Partnering with R3 is a significant step for Blanc Labs in providing enterprise-grade blockchain solutions and digitizing Customer Journeys,” said Hamid Akbari, CEO, Blanc Labs. “There is a growing interest and a real demand from our clients to help understand the implications of blockchain, and we’re committed to helping bring this emerging technology from proof-of-concept to commercial implementation.”
R3 is an enterprise software firm working with a network of over 200 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop on Corda, its distributed ledger platform designed specifically for businesses. R3’s global team of over 140 professionals in nine countries is supported by over 2,000 technology, financial, and legal experts drawn from its global member base. R3 is backed by investment of USD 107 million from over 40 firms Corda is the outcome of over two years of intense research and development by R3 and its members and meets the highest standards of the banking industry, yet is applicable to any commercial scenario. It records, manages and executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce.
Blanc Labs accelerates innovation for financial institutions and other industry leaders through a core focus on emerging technologies. Headquartered in Toronto, the firm builds cutting-edge technology in full partnership with clients in North & South America. We empower clients to enhance their digital offerings and bring creative solutions to market faster.