Commission Fintech COMMISSIONS DE L’AFTE AFTE Treasury Tech Lab 28 Janvier 2019
Agenda 1. Commission actualités 2. KYC Experimentation 1. Introduction: 2. Estelle ROIENA (R3 CORDA) COMMISSIONS DE L’AFTE 3. Feedback Banques et Assurances ‒ Pierre SEIN (EULER HERMES) ‒ Frederic DALIBARD (NATIXIS) ‒ Martial CHAMOUNAUD (SOCGEN) 4. Feedback Corporates ‒ Jean-François BARDELLI ( DAHER) ‒ Mathieu LAPASSET (DANONE) ‒ Noëlle Belmimoun (ARCELOR MITTAL) 3. Next steps ‒ Frédéric MAI (CONFORMITEE) ‒ Estelle ROIENA (R3 CORDA) *Irritant : problème dont les solutions actuelles, quand elles existent, ne sont pas/plus réellement satisfaisantes (2018) *entrain: vivacité et bonne humeur communicatives. Animation gaie (2019) 2
COMMISSIONS DE L’AFTE 02 KYC Experimentation
What problems are we are trying to solve? KYC is an expensive and time consuming process! Corporate customers send multiple documents to multiple FIs all performing the same checks Onboarding times can take as Resulting in expensive, labor- long as 2-4 months. intensive and unreliable updating Corporates take the most time. Financial Institutions all Resulting in duplicative and expensive efforts performing the same checks
KYC Current State Send multiple documents & To multiple To perform the Customers data Financial Institutions same checks Current State • Highly fragmented and increased risk • Data take days to transfer and Duplication validate Duplication • Regulatory reporting is tedious and suffers from human error • KYC data delivered by customers multiple times and stored locally by each bank Customer frustration Significant costs, and delays
Why DLT? Future State 3 rd party attestation done once Customers Single version of Data Future State • Data controlled by the customer • Reduced data transfers and security risk • Improved Customer experience • Cost and time reduction • Improved auditing and regulatory reporting Banks access Customer KYC Customers own and Customers permit and data control their data revoke access to KYC Data
French Corporate CordaKYC Trial Prototype Mechanics Leia II Prototype Model Selection Corda Network Compliance & Use Case Webinar Reg Webinar KYC in Corda Business Networks Corda for Business Corda Network Feedback Webinar Welcome Webinar Summary Webinar We are Tech Contact Key Concepts here Training VM Setup Corda Introduction Global Trial Deployment Kick-off Office Hours Redeployment
French Trial: Actors 5 14 1 5 Asset Managers & Customers Attester Banks Insurers
Project Participation 103 25 Individuals joined the project Institutions
Global Trial Participation 25 35 Institutions Nodes on deployed nodes Corda Testnet
Global Trial: Transactions 185 232 Approved KYC data KYC Updates sent to shared to attester & Banks banks
Delivered Learnings: • Corda Introduction & key concepts • KYC and LEIA2 use case recordings and videos • Corda network and Business networks blog, playbook and podcast • End of section Q&A Webinars • Partner Showcases Deployment: • Azure subscription for cloud deployment • Deployment instructions • Tech support Trial: • Interactions with 25 institutions and 35 nodes • Platform support for duration of week long trial • R3 hosted services: attester and datastore
Learnings Corda Introduction (Week 1) KYC on Corda (Week 3) • • Welcome webinar KYC on Corda • • Introduction to Blockchain Model Selection • • Introduction to Corda (video and blog) Leia II Prototype • • Corda Key Concepts training Regulatory Considerations research • • Introductory whitepapers Regulatory considerations webinar • Leia II Prototype Mechanics • Use case webinar Corda for Business (Week 2) Partner Showcases (Week 4 ) • • Corda Enterprise Gemalto Trust ID • • What is a CorDapp? Capgemini KYC Trust • Join a project to continue the • Use cases for Corda developm ent of a production Tradle grade KYC solution, based on Leia II • Join project to Industry initiatives contribute to production- grade KYC KYC Trust: application (building on from leia II) Corporate KYC • Case studies • Corda webinar Discover KYC solutions built on Corda already in production Deploy the Tradle solution in production Tradle
Témoignage Banques et assureurs COMMISSIONS DE L’AFTE o Frederic DALIBARD (NATIXIS) o Martial CHAMOUNAUD (SOCGEN) o Pierre SEIN (EULER HERMES)
Témoignage Banques et Assureurs COMMISSIONS DE L’AFTE • Quel est ton opinion sur l’expérimentation faite dans les aspects techniques, de mise en place et utilisation ? • As-tu trouvé que la plateforme a une avantage quelconque par rapport à tes actuels méthodes de communication KYC avec les Corporates ? • Quel est l’effort que vous êtes disposé à faire pour vous mettre d’accord avec vos pairs pour donner une solution conjointe à cette problèmatique?.
Temoignage Corporates COMMISSIONS DE L’AFTE o Jean-François BARDELLI ( DAHER) o Mathieu LAPASSET (DANONE) o Nöelle BELMIMOUN (ARCELORMITTAL)
Témoignage Corporates COMMISSIONS DE L’AFTE • Quel est ton opinion sur l’expérimentation faite dans les aspects techniques, de mise en place et utilisation ? • As-tu trouvé que la plateforme a une avantage quelconque par rapport à tes actuels méthodes de communication KYC avec tes partenaires ? • Quel sont vos besoins au niveau de KYC pour le future?.
COMMISSIONS DE L’AFTE 03 Next Steps
Educational, Observational Active Development Introductory Smart Free of charge Annual fee of €50,000 /$75,000 The introductory membership allows for corporate members to In addition to the introductory package, ‘Smart’ membership enter into the blockchain/ distributed ledger industry and join enables you to advance your development towards live the R3 ecosystem: solutions with increased technical deployments and support. • Access to online Corda training for business and tech. Dedicated Account Manager • Participate in R3’s extensive private research library • 10 days of R3 professional services ( assistance with POCs, • Gain access to members’ previous projects* • Corda deployment ) see rate card Contribute to industry working groups (Healthcare, • • Unlimited participation in CorDapp Trials energy,..) • Co-host an industry working group • Participate in 1 CorDapp Trial, fast-learning of the next generation of Blockchain technology One free virtual Corda developer training session (max 20 • Get introduced to global initiatives at early stages • people) Annual theme strategy update • R3 Microsoft Azure cloud usage* • Full access to the R3 Marketplace • • Membership fee credit against Corda Enterprise license ( in year of membership ). • Attend r3 events including the global members conferences held with leading cross-industry institutions Co-author one paper with the R3 research team* • *Subject to any IP restrictions *Subject to availability
R3 Marketplace Bringing R3 partners and members together to discover solutions built on Corda. • Join our global ecosystem of partners and leading institutions leveraging Corda • Explore and trial the growing catalogue of CorDapps • Broadcast and promote your solution and expertise to the R3 Ecosystem • Find the right partner to help you deliver your solution marketplace.r3.com
Join a project to continue the development of a production grade KYC solution, based on Leia II Join project to contribute to production-grade KYC application (building on from KYC Trust: Corporate leia II) KYC
Roadm ap Our ambition is to deploy a MVP by Q2 2019 and scale globally Scale from : + NA Europe Global Q4 2 0 1 9 Q2 2 0 1 9 Q3 2 0 19 Q4 2 0 1 8 Q1 2 0 1 9 End Users MVP Term sheets Roll out Scale out requirem ents Production ready Engagem ents W orkshops Minim um Viable Product I terative Releases & Extensions Banks Banks Europe + NA New countries Corporates Corporates Banks New invited banks Corporates New invited Corporate & subs Corporates Banks 9
Voltron – The Open Platform for Documentary Trade • Voltron is a letter of credit (LC) application , business network and Founding Banks: consortium focused on developing an industry utility to provide a comprehensive, digital and simplified documentary trade solution for banks and corporates. For corporates, Voltron enables: • shorter working capital cycles Partners: • increases digitization • A simplified experience and improved operational efficiency by digitization the end-to-end trade process. Voltron is truly an open platform, connecting multiple trade parties across differing technology stacks and networks via a simple, singled channel. Visit marketplace.r3.com and search ’Voltron’ for more information
Recommend
More recommend
