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", 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:
Nimbrix founders are all veterans of BlackRock, UBS, BGI and other London based financial services firms and relished the opportunity to build a platform from a clean sheet and leveraging an industry-led consortium that already includes Microsoft and KPMG to bring the platform to market and shape its development. Working in a collaborative way, the firm is building an eco-system that is open for innovation, allowing companies to integrate new services and applications very quickly.
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more than 162,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
Key stakeholders from Nimbrix, KPMG and Microsoft will be at Future Decoded on the 1st November and will available for interviews. If you require press passes please let the below know.