Deriv Asia through working with banks and exchanges have a strong understanding of the internal infrastructure, technology requirements and vendor platforms used by financial institutions.

While we remain vendor agnostic and provide impartial due diligence of vendors for our clients, we also do work with vendors in advising them of current trends, requirements and regulatory changes that are occurring through market intelligence surveys and research.

We also work with Fintech companies who are offering banking services on cloud to help them define their products offerings so it is compatible to a bank’s existing architecture and needs.

October 12th 2015   |  Source: Deriv Asia industry updates

Deriv Asia and DX Markets have signed a partnership to work together to develop blockchain solutions for the banking industry.  The initial set of services will be aimed at developing front-middle-back end architecture that involves execution,  matching, clearing, collateral and custody workflows.

The 3 prong strategy adopted will be as follows:

1.  Deep dive into current banking workflows within bank’s front, middle, back office to identify areas for disruption followed by feasibility studies and impact analysis of replacing identified workstreams with blockchain technology

2.  Development phase: creating digital financial instruments on blockchain, defining smart contract templates and developing interfaces with existing internal banking systems.  Designing target operating models within blockchain with payments and settlements and reconciliation workflows

3.   Planning and delivering: implementing blockchain, UAT and parallel runs

DX Markets’ CEO Marcelo Casil and Deriv Asia’s Sam Ahmed will be co heading the joint venture.