Las Vegas and New York, Oct. 26, 2015 (GLOBE NEWSWIRE) -- Today AlphaPoint, the leading white label technology provider for digital asset exchanges, announced StreamCore, a flexible, multi-asset blockchain solution built from the ground up for financial institutions. StreamCore allows firms to interact with blockchain data simply and dynamically, providing the tools to rapidly develop and deploy a wide range of financial solutions.
“The blockchain represents a fundamental step forward in both security and efficiency,” said Founder & CEO Joe Ventura. “More and more banks are recognizing the promise of the technology and becoming strategic partners. StreamCore provides these firms a secure, dynamic platform to engage this technology as they incorporate it into their long-term visions.”
Blockchain in the Financial Sector
Venture capital funding in the blockchain space continues to accelerate and has doubled year over year. With $462 million invested in 2015 thus far, total investment in the sector is nearing $1 billion since 2012. Increasingly, investments in the ecosystem are coming from multinational banks. Over 20 banks have made investments or formed partnerships, and many more have formed research groups.
Financial applications leveraging blockchain networks provide breakthroughs in data integrity, performance, and efficiency in how assets move between parties. StreamCore leverages the inherent benefits of the blockchain - immutability, strong cryptography, instantaneous clearing - but makes significant improvements. The solution allows firms complete control over their data and acts as a general-purpose platform for deploying blockchain-enabled financial applications.
Benefits for Distributed Financial Applications
The technology behind StreamCore extends AlphaPoint’s existing platform, currently used by over 20 clients, and supports a range of applications - including asset exchange, distributed payments, real-time accounting, and multi-asset risk management. Key benefits include:
“Blockchain-enabled systems are the future of financial services,” said Ventura. “They promise to dramatically improve market structure, and we feel privileged to help institutions embrace this transformational technology.”
To meet with AlphaPoint at Money20/20, please visit Booth #2551 or engage with the team on twitter @AlphaPointLive.
For more information about the Money20/20, visit http://www.money2020.com.
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AlphaPoint is a financial technology company that powers digital currency exchanges and provides institutions blockchain-enabled solutions to store, track, and trade digital assets. Its secure, scalable, and customizable platform can process nearly 1 million transactions per second, enabling customers to innovate, differentiate, and transform their businesses. As the world's leading white label exchange provider, AlphaPoint powers over 20 digital asset exchanges on 5 continents, and is led by a seasoned team with 35+ years in financial technology. AlphaPoint has offices in New York City, Philadelphia, and San Francisco. For more information, visit www.alphapoint.com.
About Money 20/20
Money20/20 organizes the largest global events enabling payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000 CEOs, from over 3,000 companies and 75 countries expected at its 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend, and borrow money. To learn more about Money20/20, visit www.money2020.com.
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