A blockchain proof of concept announced via the firm's LOFT innovation hub.
John Hancock Financial today announced that its Lab of Forward Thinking (LOFT) has entered into a collaborative tri-party synergy with app developer ConsenSys and full-stack infrastructure developer BlockApps STRATO, for an Ethereum Blockchain proof of concept (PoC) solution aimed at enhancing the on-boarding of new wealth management clients, according to a joint press release.
As one of the largest insurance companies in the U.S., John Hancock also caters to wealth management clients with financial services products, and is a subsidiary of Manulife Financial Corporation - a name that it does business under outside of the US - and which has nearly a trillion dollars in assets under management (AuM of $935 billion as of December 31, 2015) and operations across Asia, Canada and the United States. Manulife Financial is listed on multiple exchanges including the NYSE under ticker MFC.
The news follows nearly a year after the company launched the LOFT facility in Boston, featuring a 6,500 square-foot office space located in the Seaport area in the city's 'innovation district', which was established in order to develop FinTech and related endeavors such as the one announced today.
Launched via LOFT hub
"Our goal is to simplify and enhance the customer experience when they first begin doing business with us. In the wealth management business this involves not only satisfying customers, but regulatory and legal aspects as well," said Ace Moghimi, Assistant Vice President and Head of Innovation, North America, for John Hancock/Manulife, commenting in the official press release.
Igor Lilic, Principal Technical Lead of ConsenSys Enterprise, added in the announcement: "The LOFT group is a model example of innovation within the enterprise: bright, enthusiastic teams tasked with understanding new technologies and who aren't afraid of getting their hands dirty by building prototypes. We are incredibly enthusiastic about John Hancock's commitment to the blockchain ecosystem and we look forward to continued collaboration as LOFT builds smart contract based platforms."
Mr. Lilic was previously a developer at OANDA earlier in his career in 2009, in addition to a number of related prior and subsequent roles within financial services as well as blockchain-related positions. He has been in his current role with ConsenSys for just over nine months already, according to information in a public LinkedIn profile.
Commenting in the press release, Kieren James-Lubin, Chief Product Officer of BlockApps, said: "LOFT is just that - an organization focused around forward thinking. They are building the technical knowhow and internal stakeholder support that will allow John Hancock to be a disruptor rather than a disruptee as the blockchain revolution materializes. We are extremely enthusiastic about our partnership with LOFT."
Finance Magnates is proud to present its inaugural TLV Conference, to be held on the 29th of June. Apart from the invaluable networking opportunities, the agenda is packed with panels, masterclasses and keynote speeches geared towards the subject of fintech. Industry leaders will be discussing subjects such as marketing automation, cybersecurity, financial regulation and cryptocurrencies, with a focus on the booming Israeli fintech scene. In keeping with this, there will also be a fintech spotlight session in which a lineup of firms will each have four minutes to pitch their exciting products, culminating in an award presented to the most promising.
John Hancock Financial today announced that its Lab of Forward Thinking (LOFT) has entered into a collaborative tri-party synergy with app developer ConsenSys and full-stack infrastructure developer BlockApps STRATO, for an Ethereum Blockchain proof of concept (PoC) solution aimed at enhancing the on-boarding of new wealth management clients, according to a joint press release.
As one of the largest insurance companies in the U.S., John Hancock also caters to wealth management clients with financial services products, and is a subsidiary of Manulife Financial Corporation - a name that it does business under outside of the US - and which has nearly a trillion dollars in assets under management (AuM of $935 billion as of December 31, 2015) and operations across Asia, Canada and the United States. Manulife Financial is listed on multiple exchanges including the NYSE under ticker MFC.
The news follows nearly a year after the company launched the LOFT facility in Boston, featuring a 6,500 square-foot office space located in the Seaport area in the city's 'innovation district', which was established in order to develop FinTech and related endeavors such as the one announced today.
Launched via LOFT hub
"Our goal is to simplify and enhance the customer experience when they first begin doing business with us. In the wealth management business this involves not only satisfying customers, but regulatory and legal aspects as well," said Ace Moghimi, Assistant Vice President and Head of Innovation, North America, for John Hancock/Manulife, commenting in the official press release.
Igor Lilic, Principal Technical Lead of ConsenSys Enterprise, added in the announcement: "The LOFT group is a model example of innovation within the enterprise: bright, enthusiastic teams tasked with understanding new technologies and who aren't afraid of getting their hands dirty by building prototypes. We are incredibly enthusiastic about John Hancock's commitment to the blockchain ecosystem and we look forward to continued collaboration as LOFT builds smart contract based platforms."
Mr. Lilic was previously a developer at OANDA earlier in his career in 2009, in addition to a number of related prior and subsequent roles within financial services as well as blockchain-related positions. He has been in his current role with ConsenSys for just over nine months already, according to information in a public LinkedIn profile.
Commenting in the press release, Kieren James-Lubin, Chief Product Officer of BlockApps, said: "LOFT is just that - an organization focused around forward thinking. They are building the technical knowhow and internal stakeholder support that will allow John Hancock to be a disruptor rather than a disruptee as the blockchain revolution materializes. We are extremely enthusiastic about our partnership with LOFT."
Finance Magnates is proud to present its inaugural TLV Conference, to be held on the 29th of June. Apart from the invaluable networking opportunities, the agenda is packed with panels, masterclasses and keynote speeches geared towards the subject of fintech. Industry leaders will be discussing subjects such as marketing automation, cybersecurity, financial regulation and cryptocurrencies, with a focus on the booming Israeli fintech scene. In keeping with this, there will also be a fintech spotlight session in which a lineup of firms will each have four minutes to pitch their exciting products, culminating in an award presented to the most promising.
Why Are Aussies Clinging to Their Credit Cards in the Age of Digital Wallets?
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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