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The Secured Lender
SFNet's The 81st Annual Convention Issue
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Audit Prep: Why a Paperless Approach Makes Sense
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December 16, 2021
Source: LiquidX
New York, NY – December 16, 2021 – LiquidX, the global fintech solutions provider for working capital, trade finance, and trade credit insurance, has joined The Institutes RiskStream Collaborative™, the risk management and insurance industry’s largest enterprise-level blockchain consortium, and will participate in a working group serving the surety industry. The aim of the working group is to streamline and digitize the power of attorney registration and verification process using blockchain technology.
“Digitizing the power of attorney repository is an ideal use case for blockchain technology and will bring needed efficiencies to the surety industry through validation and visibility for all parties, said Todd Lynady, Managing Director and Global Head of Insurance at LiquidX. “LiquidX is already successfully applying blockchain technology to trade credit insurance and looking forward to leveraging this experience to work with the consortium as we collectively digitize the surety industry.”
The RiskStream Collaborative is a joint initiative with The Institutes and the Surety Bond trade associations of The International Credit Insurance & Surety Association (ICISA), the Surety & Fidelity Association of America (SFAA), the National Association of Surety Bond Producers (NASBP), the Surety Association of Canada (SAC), and the Pan American Surety Association (PASA).
About LiquidX
LiquidX is a leading global technology company that enables finance professionals to transact faster, smarter, and cheaper by digitizing and automating their trade finance and working capital management. Headquartered in New York with offices in Boston, London, and Singapore, LiquidX delivers the industry-leading ecosystem for working capital optimization to its diverse network of global participants including corporations, banks, institutional investors, and insurance providers. LiquidX incorporates blockchain technology and machine learning analytics to greatly enhance transparency, reporting, and forecasting for financial professionals. To learn more about our next generation solutions please visit liquidx.com.
“Digitizing the power of attorney repository is an ideal use case for blockchain technology and will bring needed efficiencies to the surety industry through validation and visibility for all parties, said Todd Lynady, Managing Director and Global Head of Insurance at LiquidX. “LiquidX is already successfully applying blockchain technology to trade credit insurance and looking forward to leveraging this experience to work with the consortium as we collectively digitize the surety industry.”
The RiskStream Collaborative is a joint initiative with The Institutes and the Surety Bond trade associations of The International Credit Insurance & Surety Association (ICISA), the Surety & Fidelity Association of America (SFAA), the National Association of Surety Bond Producers (NASBP), the Surety Association of Canada (SAC), and the Pan American Surety Association (PASA).
About LiquidX
LiquidX is a leading global technology company that enables finance professionals to transact faster, smarter, and cheaper by digitizing and automating their trade finance and working capital management. Headquartered in New York with offices in Boston, London, and Singapore, LiquidX delivers the industry-leading ecosystem for working capital optimization to its diverse network of global participants including corporations, banks, institutional investors, and insurance providers. LiquidX incorporates blockchain technology and machine learning analytics to greatly enhance transparency, reporting, and forecasting for financial professionals. To learn more about our next generation solutions please visit liquidx.com.
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