Whilst blockchain is becoming more commonplace, understanding how blockchain based systems can be integrated into overall business processes and the client experience is key. Blockchain technology is a medium that enables digitalisation and connectivity – but without being informed by knowledge and experience of banking and international financial systems it cannot add value to the customer.

Five Islands has developed a comprehensive platform embedding ease of customer use, regulatory compliance, data integrity and security as core elements.  It is a philosophy that differentiates – and is founded on our collective team experience over many decades and professional roles in the industry. Our technology stack has been designed around this basic principle of empowering people. And that is quite deliberate.

But we go further in utilising smart contract technology in order to create solutions that focus on the client and which also enable downstream reporting and targeted risk management information tools unlike anything else currently in the market.

Collectively this enables a streamlined back office capability and an enhanced compliance work flow management function.  We believe that:

• Product innovation and ease of use is central to the market opportunity

• Current systems are inhibited by legacy infrastructure increasing exposure to risk

• Internal departments lack communication and coordination across other key functions

• Data intelligence and governance are becoming more central to business operations to enable better risk identification and decision execution

• The blockchain enhances connectivity and automation as well as providing increased security, data integrity and real time risk mitigation across a shared and immutable truth – a “prime record” from which all downstream process are informed by a singular, consistent information source removing human error and the need for multiple reconciliations