Fnality's Product Manager, Simone Cortese, discussed the future of DLT ecosystems and why interoperability holds the key to success at the HQLAx Conference on Transforming the Securities Finance Industry via Distributed Ledger Technology. He highlights his key takeaways and insights in this blog post.
25-Nov-2021 11:30:00 / by Simone Cortese posted in Fnality, Views, digital assets, dFMI, interoperability, Legal, DLT, central banks, Governance, cross-border, cash on ledger
19-Nov-2021 13:30:00 / by Ken Cruickshank posted in Fnality, people, Ways of Working, remote, agile, Tshaped, product analyst
Ever wondered what a life in the day of a Product Analyst looks like at Fnality International? Here is our own Ken Cruickshank to tell you all about it.
19-Nov-2021 12:52:21 / by Daniel Heller - Regulatory Affairs Advisor posted in Fnality, Views, payments, Legal, CBDC, DLT, central banks, Governance, BIS, cross-border
Improving cross-border payments has become a top agenda item of global policy makers. The G20 has made “enhancing cross-border payments” a priority in 2019, and it continues to be a priority for 2021 under the Italian G20 presidency. The Financial Stability Board (FSB) has launched an extensive roadmap last year, as well: “Faster, cheaper, more transparent and more inclusive cross-border payment services, including remittances, while maintaining their safety and security, would have widespread benefits for citizens and economies worldwide”. In fact, this October the FSB published measurable targets for addressing four key challenges in cross-border payments: cost, speed, access and...
22-Oct-2021 11:26:03 / by Lauren Hume - Talent Acquisition Manager posted in Fnality, people, Ways of Working, remote, agile, Tshaped
One of the things I always say to prospective team members is that Fnality has the best of both worlds - the financial stability and wealth of experience that you find in established corporates, but with the freedom, flexibility and fast pace of a start-up or scale-up. We were lucky enough to have raised £55 million in our Series A fundraising, being backed by 15 of the biggest international names in banking and finance. The quality of these shareholders is really the best sort of foundation for a mission as unprecedented as Fnality’s, but the success of the fundraise also means that we can compensate all our teammates more than fairly, benchmarking our salaries on a twice-yearly basis as...
15-Oct-2021 11:18:00 / by Lauren Hume - Talent Acquisition Manager posted in Fnality, people, Remote First, Ways of Working, agile, culture
Fnality’s ways of working, based on the agile methodology, mean that we are constantly iterating, feeding back and learning. For our team members, in a practical sense that means that we encourage open and honest feedback, and encourage everyone to develop not just themselves, but also others; introspect and be empowered to make suggestions based on your findings. One way we do this is through our fortnightly sprint retrospectives, where, as part of a cross-functional team, we each discuss what went well and what could have gone better in the previous two-week sprint. This can range from talking about a piece of work not going according to plan, deadlines not being reached, morale being...
29-Sep-2021 11:39:17 / by Jason Fleming posted in Distributed Ledger Technology, Fnality, digital assets, payments, dFMI, Nodes, FnPS
Traditionally, the functions of financial market infrastructure (which includes payment systems) have been centrally administered and operated by a single entity. There is a growing movement within the wholesale financial market towards decentralisation in order to reduce reliance on centralised intermediaries and “unlock billions in capital and liquidity”. Decentralisation is at the core of our design principles at Fnality. Both the technology underpinning the Fnality Payment System (‘FnPS’) and our organisational design are based on the concept of decentralisation. There will be no ‘single point of failure’ should a server go down or ‘single point of attack’ from malicious actors...
27-Sep-2021 07:35:25 / by Lisa McNaught posted in Fnality, people, Career, Fnamily, South Africa, Gratefulness, Humble, Grace
When the Covid Lockdown hit early last year, life seemingly came to a standstill. In that period of calm, my husband and I vowed to express to each other 5 things we felt grateful for every morning before work. Little did I know, that soon after that quiet period and by the end of that year, we would find ourselves moving overseas to the UK from South Africa.
10-Sep-2021 11:15:00 / by Francesca Gunn posted in Insider, Fnality, Views, people, diversity, inclusion, Mental Health, Wellbeing, culture, Fnamily
06-Sep-2021 12:00:00 / by Rhomaios Ram - CEO posted in dFMI, capitalmarkets
At the start of this year, I wrote a post speculating that 2021 may be the year of dFMI. Happily, there has been some significant progress on this front, such as the creation of an Omnibus Account Structure by the Bank of England and a clarification of the usage of ECB technical accounts paving the way for pre-funded payment systems. However, nearly three quarters of the way through the year, I admit I may have missed an important stage of evolution: the speed of stablecoin acceptance!
27-Aug-2021 14:00:00 / by Isabella Baker posted in Fnality, people, inclusion, Ways of Working, working remotely, work from home, culture, Fnamily, lockdown, Colleagues
Since the pandemic began you would have read several articles on how our personal and work lives have changed and adapted as we’ve moved online. Instead of face-to-face interaction we have been accustomed to using collaboration tools such as Zoom, Slack and WebEx.