Fund transaction through blockchain Qorus Innovation in Insurance Awards 2021 - Winner

Generali France is processing 250 thousand order on funds (to cover Unit-linked policies) per year through classical schemes via custodians ? The aim is to generate a direct link with asset managers for trading shares of funds without using the costly transfer agent of custodians. For this purpose, Generali France has recently invested in a startup called Iznes, developing a trading platform on funds based on the blockchain technology. And Generali is currently working on connecting its IT and operations to the innovative blockchain platform of Iznes. This innovation can serve all middle and back offices of investments departments and asset management companies. It crunches transaction costs and creates a direct link between buy-side and sell-side. The total cost of Generali Unit-linked orders is expected to drop half, supposing that 50% of counterparts join the platform. Besides cost optimization, Iznes offers secure and cost-efficient operations. Have a look at this video explaining the innovation : https://youtu.be/DpyTP6kgaTU