SECURING YOUR FUTURE

IN FINANCIAL SERVICES &

 

UNLOCKING THE POTENTIAL

OF DIGITAL SECURITIES

VISION 2030

Imagine, the year is 2030. The majority of the world's $400tn1 of financial securities safely sits on digital registers and is processed via services connected to distributed ledger-based networks. While all  networks started in a tightly permissioned form with strong governance controls, they were then gradually opened for direct investor and issuer access.

 

Most financial services providers have upgraded and digitized their offerings. Some still use legacy systems dating back to the early 2000s or before. All of them have found a way to connect their service offerings to these new networks. Clearly, this is now the most efficient way to conduct securities services business.

Any firm connected to a network enjoys on-demand financial services from the best providers with overhead cost mutualised. Inflexible, opaque, and expensive service bundles with single provider risk are passé. Transactional costs have come down by 26-48%2; modern capabilities such as flexible settlement cycles or configurable transaction types are the new standard and counterparty risk has been reduced by 25%3.

 

Many have completely underestimated how much can change within a decade. Those who recognised the potential early are the big winners today. We are glad you are amongst them.

 

1 Up from $110tn in 2008 and $220tn in 2018.

2 Transaction cost study from RISE and 15 independent institutional funds, 2017.

3 DTCC projected savings prior to the 2019 move from T+3 to T+2. Similar global savings can be expected from flexibility including a T+0 option.

 

DEPOSITORY SOLUTION

The DEPOSITORY is our flagship  software product for enterprise deployment. Out of the box, it enables a marketplace of financial services that are driven by its embedded digital registers. The DEPOSITORY allows our clients gain efficiencies and upgrade the quality of financial services they deliver to both issuers and investors globally.

ENTERPRISE SOFTWARE

EMBEDDED REGISTER

ENABLED MARKETPLACE

The software is operated in a distributed fashion by a network of permissioned financial institutions. Those institutions form a governance body that controls any software upgrade or change of principles in the network.

The register hosts a diamond-copy of ownership and reference data for any digital and traditional security. Configurable governance policies ensure regulatory compliance and quality of any data update.

The marketplace connects existing financial services from regulated institutions. Servicing needs are allocated  competitively to providers and inter-firm servicing is streamlined, audited, and follows configurable governance policies.

  • Flexible industry data model for clean and joint data management.
  • Configurable for compliant operation in any jurisdiction and multi-asset classes.
  • Accessible via controlled, standard API and SQL interfacing options.
  • Protecting competitive and private data with selective transparency controls.
  • Scalable, secure, and resilient at minimal total ownership cost.
  • Operated as unregulated register or as regulated securities depository.
  • Manage traditionally regulated securities and tokenised digital assets.
  • Free of payment, versus payment, or atomic multi-leg transaction processing.
  • Variable or standard settlement cycle times defined per transaction.
  • Flexible account structures and types (including at final beneficiary level).
  • Ensured market integrity versus legacy infrastructures.
  • Integrate any regulated financial service needed across asset lifecycles.
  • Allocation of service requests to the most specialised and efficient provider.
  • Flexible and well governed inter-firm workflows for streamlined servicing.
  • Mutualise overhead cost and cost of non-core services.
  • Designed to interoperate with legacy securities infrastructure.
  • More easily access new markets with existing services.

MARKET ADOPTION

We deploy the DEPOSITORY in multiple jurisdictions for multiple security types. We have created a flexible engagement model to accommodate different market and client needs. We believe it is vital to fully explore the opportunity and problem set early on. The  result is an execution process allowing our clients to move forward with confidence. Our approach follows a stage-gate model enriched with best practises learned across our numerous engagements and implementations:

 

INDUSTRY INTELLIGENCE

RISE is committed to help the securities services industry move into the decentralized and digitized era. With our unique mix of securities industry and distributed technology ledger know-how, the RISE conducts original research on the application of these technologies in our industry. Our research covers technical, operational, financial, legal and governance aspects. As well as conducting our own research, we also monitor trends and innovations taking place in the crypto and distributed ledger space.

 

TEAM & ADVISORS

THORSTEN PEISL

PETER JACARUSO

MICHAEL MUELLER

CHIEF EXECUTIVE

BUSINESS &  STRATEGY DEVELOPMENT

OPERATIONS & PROJECTS

Transaction banking veteran from State Street and DB; Successfully developed products in-house & through fintech partnerships.

Former Head of Product Development at State Street Global Services and Deutsche Bank (Transaction Banking).

Former project lead and solution architect at State Street with 10+ years of industry experience.

STEVEN DAWSON

RAINER GELLERT

ANDREW WOOD

PRODUCT DEVELOPMENT

TECHNOLOGY DEVELOPMENT

SOFTWARE ENGINEERING

Former Head of Product Management at State Street Global Markets with over 16 years of experience in front, middle, and back office.

Former owner of IT platforms as Head of IT at Société Générale Securities Services UK and Merrill Lynch Europe.

Former senior analyst and developer at CLS. Lead software engineer; MSc in information security and DLT.

Kathleen Tyson

LEGAL & REGULATORY

Brendan BradleY

CLEARING & EXCHANGE

Keith Bear

MARKET DEVELOPMENT & SOFTWARE SALES

Globally responsible for strategy, business development and large transaction development for Financial Markets at IBM.

Advises on modernisation of central bank and financial market infrastructure with Granularity Ltd, specialising in cross-border and multi-currency projects.

Former Board Member and CIO at Eurex Exchange (part of Deutsche Börse Group).

Mauro Cappiello

CSDS & TRANSFORMATION

DOMINIC HOBSON

MARIO PASSUDETTI

CONTRIBUTING EDITOR

Transfer SERVICES

Founder of COO Connect and Global Custodian, author and consulting adviser to banks, infrastructures and public bodies.

Former Board Member at Clearstream. Founder of Cappiello Advisory Group, specialising on DLT strategies and operational performance improvements.

Former Managing Director at Bank of New York Mellon, specialist on stock transfer, international depositary receipt operations and development.

JOHN EGGLESTON

GROWTH FINANCING

TIM JENKINSON

CORPORATE FINANCE

Professor of Finance at Oxford University and Partner at OXERA.

Operating Partner of a 2.5bn GBP Growth Capital Firm in the UK.

 

LATEST NEWS

November 2018

ABOUT US

RISE is a distributed technology company based in London and Boston that is led by a group of highly experienced securities services and technology experts.

 

The group has successfully delivered novel securities services across multiple markets, has in-depth knowledge of industry challenges, and is determined to address those for the benefit of investors, issuers, and their service providers globally.

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RISE Financial Technologies Ltd.

200 Aldersgate Street

EC1A 4HD London

United Kingdom

Copyright 2020.

SECURING

YOUR FUTURE IN

FINANCIAL SERVICES

&

UNLOCKING

THE POTENTIAL OF

DIGITAL SECURITIES