Nimbrix creates blockchain platform for buy-side investors
Fintech start-up Nimbrix has partnered with Microsoft and KPMG to create a blockchain-based platform for buy-side investors. The product aims to solve problems created by the diverse legacy systems typical of the buy-side industry. "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”, said Nimbrix CEO Simon Bullers, a former BlackRock executive who is also president of cloud computing company RedPixie.

Nimbrix, a fintech startup foundered by veterans of BlackRock, UBS and BGI among others, has partnered with KPMG and Microsoft to create a blockchain consortium for the asset management industry.

Nimbrix is bringing to market a next-generation investment management platform that taps Microsoft Azure, blockchain and open APIs to circumvent the problems presented by the fragmented legacy systems typically used by the buy-side.



The firm says 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.”



The firm is showcasing its approach at Microsoft's Future Decoded conference in London, with a release date for the core platform penciled in for 2017.



