Today Wells Fargo
announced the latest tranche of its Startup Accelerator program. One of the companies selected is
OpenRisk Technologies which uses blockchain to manage collateral and liquidity for derivatives traders.
Companies that are accepted into the accelerator receive up to $1 million in funding and guidance from Wells Fargo for six months.
Blockchain is just one aspect of the OpenRisk platform and it leverages Hyperledger technology. The company says it uses “AI-powered Smart Contracts for collateral management”. It also uses machine learning and artificial intelligence for document rationalization. Plus there’s automated margin management, with a user interface to manage exceptions.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
