DevDay: LenderComm Financial Industry Corda First Steps, JC Jollant

4. Finastra | WHO IS FINASTRA? 24 September, 2018 4 % of FY16 Total Revenue *Pro forma trailing 12 months Note: Retention rate measured on a ‘dollar for dollar’ basis against opening maintenance revenue (RLF) and excludes any increments. International reach Unmatched scale and profitability >90% retention rate ~9,000 clients $2.1bn revenue* $667m cash flow from operations $710m EBITDAC* Footprint Product and service offerings Third largest Fintech company in the world and the largest Fintech company in Europe 10,000+ employees ~86 offices • Retail Banking • Transaction Banking • Lending • Treasury and Capital Markets of the world’s top 50 banks by asset size148 $ Diverse, loyal customer base America 61% MEA 7% Europe 24% APAC 8% Present in 130Countries

5. Finastra | WHAT IS SYNDICATED LENDING? 24 September 2018 5 One Borrower, Multiple Lenders 10 x $115m = $1.1b ? Lenders $ LenderComm

6. Finastra | 24 September 2018 6 WHAT IS LENDERCOMM? An inclusive STP platform for Syndicated Lending LendersAgents

7. Finastra | ARCHITECTURE 24 September 2018 7

8. Finastra | 24 September 2018 8 A network of Corda Nodes Corda WHAT IS LENDERCOMM?

9. Finastra | On Premise : Sell Side / Agent & Lenders Cloud Based : Buy Sides / Lenders 24 September 2018 9 A Hybrid Set of Institutions WHO ARE LENDERCOMM MEMBERS? Financial Industry

10. Finastra | ADOPTION CHALLENGES 24 September 2018 10

11. Finastra | ADOPTION CHALLENGES IT Security Senior Management Buy In Buy Side Deployment 24 September 2018 11 Blockchain Resistance & Mitigation

12. Finastra | CHALLENGE #1 : IT SECURITY Challenges • Established Technology • Access Control • Slow Changes 24 September 2018 12 First steps in the P2P world Solutions • Partnership Approach • Corda Firewall • Staged Approach

13. Finastra | CHALLENGE #1 : IT SECURITY 24 September 2018 13 Corda Firewall is a game changer Loan IQ LenderComm Agent Agent Node LenderComm Lender Lender Node FW Corda Firewall Corda Firewall Data Application FW FWFW Ledger DMZ

14. Finastra | CHALLENGE #1 : IT SECURITY 24 September 2018 14 Corda Firewall is a game changer Your Node “Corda Firewall” FWFW Application DMZ Public AMQP Bridge AMQP Float FW SOCKS Proxy (optional) Other Node Initiation Data

15. Finastra | CHALLENGE #1 : IT SECURITY 24 September 2018 15 Staged Approach for On Premise Customers Hosted DLT DLT UAT & Prod Legacy

16. Finastra | CHALLENGE #2: SENIOR MANAGEMENT BUY IN 24 September 2018 16 How do we tilt the scale? Challenges • Crypto Wild West • Confusing Blockchain definition • No Proven Track Record Solutions • Education • Corda differentiators • Value Proposition

17. Finastra | CHALLENGE #2: SENIOR MANAGEMENT BUY IN 24 September 2018 17 Funded Project

18. Finastra | CHALLENGE #2: SENIOR MANAGEMENT BUY IN 24 September 2018 18 Meh • Pure Cloud • Mock Data • Tech. Prop. Ooh… • Legacy / Cloud • Their Data • Functional Prop. Ouch! • Legacy / Cloud • Peers Data • Network Prop. PoC: Aim for the Pinch.

19. Finastra | CHALLENGE #3: BUY SIDE DEPLOYMENTS 24 September 2018 19 The Long Tail Challenges • Hands Off • Fragmented • Cheap Solutions • Cloud Based Deployment • (Multi Tenancy) • (Self Onboarding)

20. Finastra | CONCLUSION 24 September 2018 20

21. Finastra | SECRET RECIPE FOR SUCCESS 24 September 2018 21 1. Engage • Business Proposition • Team up with IT Police 2. Educate • Technology Differentiators • On Premise Compatibility 3. Execute • Sell Side : Hosted  On Premise • Buy Side : Cloud based Mono Tenant  Multi Tenant

22. Finastra | @FinastraFS Finastra LinkedIn Finastra YouTube Thank you 24 September 2018

Editor's Notes

Why am I here today? Well my dear friends at R3 asked me if I would talk about LenderComm at CordaCon. I couldn’t make it at the time due to budget concerns, so Harrison goes : What about few Ripples ? We have options… What about Bitcoins? You could buy socks made of lama wool for Mike Hearn… Ep11-5@10:50 In all seriousness, I am here because I am a believer that Corda is a excellent thing for the industry and that LenderComm is a great example of how financial institutions can take advantage of a Distributed Ledger Learning is not a by product of innovation. It’s a vital function.
Finastra is a Financial Software vendor with 10000 employees and a global presence around the world. The two numbers of interest regarding Corda adoption is that we have 9000 customers today that we can educate about the adoption of a DLT. We have 48 of the top 50 banks in the world. In other words, a good footprint to start a technical revolution.
Objective : Introduce Syndicated lending Replacing 19 millions faxes (1 mile high paper stack)
From a technical standpoint, we are connecting Agent Banks and Lender using a Corda distributed ledger.
Early discussions, Show the solutions, Do not play hardball
2000 crypto currencies out there with a bandwagon of ICO scams and highly speculative context. Corda Differentiators : Permissioned Ledger, Crypto Independent, Industry Funded, Made for the Industry Value Prop : Reconciliation, Free Capital, Confidentiality, P2P Transactions
2000 crypto currencies out there with a bandwagon of ICO scams and highly speculative context. Corda Differentiators : Permissioned Ledger, Crypto Independent, Industry Funded, Made for the Industry Value Prop : Reconciliation, Free Capital, Confidentiality, P2P Transactions
Let the Business do the Talking, so you get the Funding Take advantage of Banks appetite to do business together On Premise mono tenant for Sell Side Cloud Multitenant for Buy Side

DevDay: LenderComm Financial Industry Corda First Steps, JC Jollant

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to DevDay: LenderComm Financial Industry Corda First Steps, JC Jollant

Similar to DevDay: LenderComm Financial Industry Corda First Steps, JC Jollant (20)

More from R3

More from R3 (18)

Recently uploaded

Recently uploaded (20)

DevDay: LenderComm Financial Industry Corda First Steps, JC Jollant

Editor's Notes