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Wednesday, June 14, 2017

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Blockchain in Structured Finance - Brown Bag lunch
Event Details
Date(s): June 14, 2017
Time: 12:00 PM  EST - 1:30 PM  EST
Host: K&L Gates LLP, 1601 K Street NW, Washington, DC

Directions: Farruget West Metro Station (Blue, Orange and Silver Lines)

Please call the WHF office if you cannot attend in person and would like to call into the event.

Cost: Complimentary for WHF Members Only

Speaker: Bernadette Kogler, CEO, RiskSpan 

Program Description: Most finance professionals have heard of Blockchain, but how does it apply to the mortgage market and structured finance? Blockchain was originally developed as the technology behind cryptocurrencies, including Bitcoin. Now, with over $1 billion of investment pouring in, the underlying technology is being deployed across a vast array of industries with financial services at the forefront—a distributed ledger capable of recording transactions securely, privately, and among peer-to-peer networks without relying on intermediaries (such as banks).  Blockchain and Smart Contracts hold tremendous promise to advance business processes the Structured Finance market.  

The business process and infrastructure underlying structured finance has seen no significant advancement in 30 years.  Blockchain technology has the potential to streamline processes, lower costs, increase the speed of transactions and enhance transparency by re-imagining, and in some cases eliminating, the role of intermediaries. The objective is to create a single version of truth, used by all participants, containing a much richer dataset than exists in any one system today. In the Blockchain world, all loan data is time-stamped and immutable, moving the industry toward this ideal. This will in turn enable new industry processes to be developed, based on the use of transparent real-time data. At Deal issuance, the deal cash flow model (payment rules) are embedded in a Smart Contract that is permissioned to authorized parties to the transaction. The automated consensus driven by the distributed ledger Smart Contract will eliminate the need to spend valuable analyst time on data normalization, reconciliation of internal systems, and agreement of exposures and obligations.

RiskSpan will discuss the emerging Blockchain and Smart Contract technology and its application to structured finance. Could Blockchain be the structural change the market needs?

RSVP: Please register by Tuesday, June 13.

For questions on program content, contact Lindsey Johnson at ljohnson@usmi.org. Please call the WHF office with any other questions.

Not a member? Call WHF at 703-683-4742 and we would be happy to assist in getting you signed up for membership. 



 


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