Nicole Olson, vp of digital product improvement and innovation at State Road, will be a part of a panel on “Leveraging Good Contracts and Blockchain for Smarter Banking” at Financial institution Automation Summit 2022 on Wednesday, March 2, at 1:30 p.m. ET on the JW Marriott in Charlotte, N.C.
The panel dialogue will handle settlements utilizing distributed ledgers and using good contracts to each pace interbank transitions and remedy know your buyer and anti-money laundering (KYC/AML) operations.
In her function on the Boston-based State Road, Olson creates the monetary establishment’s digital asset technique and leads the creation of recent digital asset-related choices. She’s going to share the financial institution’s expertise utilizing good contracts on distributed ledgers.
The $303 billion State Road Financial institution, which has $3.9 trillion belongings below administration, revealed in December 2021 that it had accomplished a margin calculation course of for the reside commerce of a 30-day international alternate ahead contract with Vanguard utilizing blockchain know-how and good contracts to automate the collateral settlement.
The financial institution will combine and scale the brand new answer earlier than rolling out to further purchasers via an utility programming interface (API), then regularly transition the older system.
“I’m excited to hitch the Financial institution Automation Summit panel on leveraging good contracts and blockchain for smarter banking,” Olson advised Financial institution Automation Information. “This can be a crucial and well timed topic, as banks wish to higher perceive how they will implement blockchain options into their go-forward methods.”
Previous to becoming a member of State Road, Olson co-founded Electronifie, an digital company bond market, and served as its chief technique officer. She beforehand labored at Liquidnet, the place she launched the fairness capital markets enterprise, established and managed strategic partnerships, rolled out new markets in Europe, Asia and Canada, and constructed the corporate’s investor relations program.
Financial institution Automation Summit, happening March 1-2 in Charlotte, N.C., is the primary and solely occasion to focus solely on automation in banking. The occasion will function the brightest minds from throughout monetary companies on clever automation methods and deployment. Study extra and register for Financial institution Automation Summit 2022.