FundChain & Cybersecurity

FundChain – The genesis of the future fund distribution – by Patrick Hennes, PwC

The Fundchain initiative was launched in the summer 2016, with 10 key market players of the fund industry: BIL, BNP Paribas, CACEIS, European Fund Administration (EFA), HSBC, ING Luxembourg, Pictet, RBC Investor & Treasury Services, Société Générale Bank & Trust, PwC Luxembourg,  the University of Luxembourg (SnT) and the Blockchain Luxembourg-based startup, Scorechain.

The aim was to prove the potential of blockchain in the Investment Fund arena, to develop solutions using Distributed Ledger Technology (DLT) and smart contracts, to act as the innovation pioneers for the fund distribution value chain in Luxembourg. Beginning February 2017, FundChain presented to the Luxembourg regulator, the CSSF, the SMART TA 1.0, a distributed transaction processing application running on a Ethereum private blockchain.

Cybersecurity – by Vincent Villers, PwC 

In today’s business world, it’s difficult to find an area that has not yet been touched by the unstoppable advance of the digital wave. Businesses now operate in an interconnected world, and rely on digital technologies that bring along new and advanced threats. How will this trend reshape the asset and wealth management industry going forward?