#STACS — Collaboration with EFG Bank and Eastspring Investments, New Awards Garnered
Dear Valued Clients & Business Partners,
As we enter the last quarter of the year, we are proud to have achieved significant milestones with our partners, Swiss private bank EFG Bank, and global asset manager, Eastspring Investments Limited. For these collaborative projects, STACS and our clients have garnered prestigious awards.
“Nathan: Smart Structured Products” in collaboration with
Swiss private bank EFG Bank!“Nathan: Smart Structured Products” utilises STACS Distributed Ledger Technology (DLT) to automate and manage the entire lifecycle of a structured product. STACS worked with EFG to remodel the workflows involved in a structured product transaction, facilitated the internal efficiencies between various EFG departments involved in structured product transactions, as well as explored the usage of smart contracts to automate aspects of trade inception and trade servicing.
#STACS — MAS FSTI POC Grant Awardee
For the Nathan platform, STACS was awarded the Financial Sector Technology (FSTI) Proof of Concept (POC) grant on 2 March 2020, under the Financial Sector Development Fund administered by the Monetary Authority of Singapore (MAS). The FSTI POC grant provides funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector.
Gartner Eye on Innovation Awards for Financial Services
STACS is proud that our client Eastspring Investments has been selected as an APAC Finalist in the Gartner Eye on Innovation Awards for Financial Services for implementing our Mercury platform.
Recognised for its innovative use of technology for financial institutions, Mercury has been deployed live as a trade management platform for the asset management industry, eliminating up to 90% trade breaks and delivering great efficiencies.
These milestones and awards reflect our growing strength and influence on the financial landscape throughout the APAC region. Thank you for your continued trust in us to make the global markets simpler. At STACS, we remain committed to our mission to empower financial institutions to discover new opportunities through our technology.
As the final lap of 2020 draws near, we cannot wait to share with you our upcoming activities at the Singapore Fintech Festival 2020. Join us at our webinars, STACS Day events, STACS Partners Night, to live demos of our platforms with our partners from across the world — you have so much to look forward to! We will keep you posted and send over an invitation soon.
STACS is a Singapore fintech development company focusing on the digital transformation of the financial industry. Today, our clients and partners such as stock exchanges, banks, asset management firms etc are using our proprietary Securities Trading Asset Clearing and Settlement (STACS) Blockchain for various use cases while working together with their ecosystem participants to enjoy efficiency savings in operations and to create new revenue streams.
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