The London Inventory Trade Group-backed Fintech agency Nivaura launched its highly-anticipated product, Aurora, on February 14 to an viewers of round 150 monetary market professionals together with Sellers, Issuers, IPAs, Exchanges, Score Businesses and CSDs.
Avtar Sehra, CEO and chief product architect at Nivaura, famous:
“The way forward for structured knowledge in major markets doesn’t start and finish with execution. It’s about how all monetary establishments and infrastructure companies can have two approach interplay and allow full STP knowledge and suggestions move throughout a major issuance course of. That is the foundations of driving sustainable price discount and minimising operational danger.”
Nivaura is a regulated Fintech agency that primarily focuses on digitizing and automating major markets. In December of final 12 months, the corporate revealed it had made extra upgrades to Aurora.
In early 2019, Nivaura partnered with Fineqia (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) on a digital bond issuance. The partnership sought to “carry out a completely automated tokenized bond issuance and administration, registered and cleared on a public Ethereum blockchain, to conduct its check for issuing crypto asset-backed bonds within the UK.”
The Aurora answer goals to deal with the structural inefficiencies and issues within the new problem course of, the place interactions happen by way of a fragmented and guide course of. Aurora automates the brand new problem course of for program-based executions together with Euro Medium-Time period Notes (EMTNs), Business Paper (CP) and Certificates of Deposit (CD).
Aurora helps multi-party bond and swap termsheet negotiation, authorized doc and swap affirmation drafting, moist and digital signing, and it could actually securely share knowledge throughout inner and third-party platforms.
In October 2019, Nivaura confirmed the appointment of former HSBC government Chris Jones.
As famous at the moment, Jones will advise the agency on product options and he will even be accountable for selling using Nivaura’s blockchain-enabled platform.
Final 12 months, Nivaura secured $20 million by way of an funding spherical led by the London Inventory Trade Group. Different companies that took half within the spherical included Allen & Overy, Linklaters, Orrick, Santander InnoVentures, Aegon Asset Administration, Middlegame Ventures and the Digital Foreign money Group.