A Future Leaders Programme Project

Over the past several years, the business world has seen the assumptions around blockchain technology shift from being a platform solely for Bitcoin and Crypto-assets, to its functionality as a scalable and highly secure database solution with a large amount of use cases across industries. At this time, no industry has invested more heavily in blockchain technology than Financial Services. While projects for facilitating financial transactions on a blockchain are moving from the Proof of Concept stage and into production, more and more use cases continue to be identified. One such use case is within the Syndicated Lending market.

This paper explores the feasibility, opportunities, and potential roadblocks of deploying a blockchain solution to make Syndicated Lending processes more secure and efficient for Financial Service providers.

Authored by our Future Leaders Eric Bergersen & Anna Dumrauf; led by Nick Siconolfi, Prospect 33 Head of FinTech Change; with contributions from Subject Matter Experts: Ben Green, Program Manager CRO Change, Credit Suisse & Tom Spouse, CEO, Prospect 33

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By Tom Spouse, 12 November 2018

I’ve noticed a trend in our business around Financial Crime, AML & KYC in which a lot of research surrounds the use of AI and Blockchain as potential solutions to mitigate risk exposure.

Most would agree that KYC represents one of the greatest potential business areas to benefit from AI & Distributed Ledger Technologies (DLTs) such as Blockchain. However, these technologies create as many challenges as they provide solutions. Data privacy, governance, and compliance requirements over a decentralized system are enormous challenges which keeps many of us up at night.

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NEW YORK, NY, September 19, 2018 – Prospect 33 LLC announced today that, Michelle Pais, the Company’s current Chief Operations Officer, has effectively been promoted to President, and John Frost to Sales Director. The move follows a strategic realignment of Prospect 33’s core business into transformative financial technologies (FinTech, AI & Blockchain).

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It's about time and she’s not backing down. Last week on International Women’s Day a bronze statue of a defiant little girl was revealed by State Street Global Advisors. The art installation was created by artist Kristen Visbal and is positioned to seem as if she is facing off against the charge of the Wall Street Bull. One in four companies in the Russell 3000 index has no women on their boards and almost 60% have fewer than 15% of women on their boards. In 2015, the 2020 Women on Boards Gender Diversity Index of Fortune 1000 companies found that women make up 17.9% of the total number of corporate directors. Compared to the the impact women have made on the U.S. economy: 47% of the entire workforce, 70% to 80% of all purchases, and they hold half of all management, professional and related positions. That number is tiny.

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March wasn’t always known as Women’s History month; not very long ago in the 1970’s, women’s history was pretty much an unknown topic in the K-12 curriculum and in the general public’s cognizance. The Education Task Force of the Sonoma County in California was one of the first states to address the situation. They initiated a “Women’s History Week” celebration for 1978. March 8th, International Women’s Day, was picked to be the center of the observance. The declaration of Women’s History week had a very passionate and eager response: schools across the country planned special programs, over one hundred women in the community participated with presentations in classrooms throughout the country, and hundreds of people participated in a contest known as the “Real Woman Essay Contest”. At the end of the week there was a huge parade filled with celebratory programs held in the center of downtown Santa Rosa, California.

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