Nimbrix’s new Industry Consortium and Blockchain Platform

Nimbrix today announces a new Blockchain enabled platform and the creation of an industry consortium with KPMG and Microsoft which will bring to market a reinvention of financial services software.

As the investment industry grapples with fee pressure and increased regulatory scrutiny, the Nimbrix consortium is bringing to market an investment platform and eco-system which will reshape financial services and save investment firms millions of pounds annually.

The Nimbrix buy-side platform is designed to leverage Cloud, open-API, Software as a Service (SaaS) and Blockchain technology. Existing offerings are complex, fragmented and difficult to integrate, whilst Nimbrix is run in a cloud using industrial strength Microsoft Azure. This allows for seamless integration with minimal up-front costs. The latest API and Blockchain technology will circumvent the problems suffered by legacy platforms – Nimbrix data is easily shared, augmented and analysed by authorised users and trades can be executed instantaneously between counterparties, thus reducing the risk of trade errors and inefficiencies.

“It’s more than just a product,” says Simon Bullers, Nimbrix CEO. “it’s a revolutionary approach to software for the financial services sector. Traditional solutions for this industry take years to deploy and transition to, but you can bring up a Nimbrix platform in minutes, and then transition to it in months, and because it’s software-as-a-service (SaaS), running on Microsoft Azure, firms can avoid huge, upfront capital costs.

Over the last 15 years I’ve worked with many investment firms to help them understand how technology can help them futureproof their business, improve effectiveness and cut costs. I have no doubt that Nimbrix will change the way the buy-side does business.” says Chris Mills, Director in the Insurance and Investment Management Practice at KPMG.

Jens Rassloff, Global Head of Alliances at KPMG says “The Nimbrix consortium in the UK is a major milestone rolling out the globally established strategic alliance between Microsoft Corporation and KPMG International in the financial services sector and provide innovative solutions for blockchain enabled Asset Management”.

Aman Kohli, CTO, Microsoft Services, UK agrees: “Microsoft and Nimbrix are working together to deliver technology powered by Microsoft Azure that is exciting and relevant to customers and the market. It’s a next-generation financial services product and we’re seeing great interest from buy-side customers.

Today we are announcing the formation of the buy-side consortium and the core platform and eco-system is scheduled for formal release in early 2017.

Watch the Nimbrix launch video here: http://redpix.ie/nimbrix

Author: Dylan Jones

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