R3 unveils DLT regulatory reporting prototype

Technology provider works with Financial Conduct Authority and RBS to build continuous regulatory reporting solution

mortgage-loan
Transferrable skills: while designed for mortgage transactions, the product uses distributed-ledger technology to improve the way financial institutions conduct regulatory reporting

Distributed ledger technology provider R3 is collaborating with the Financial Conduct Authority (FCA) and RBS to build a prototype DLT-based continuous regulatory reporting solution on its Corda platform.

While the product is designed for the reporting of mortgage transactions, it is distinctive in using DLT to improve the efficiency of financial institutions’ regulatory reporting processes and systems.

The benefit of using R3’s Corda platform, and the DL technology on which it is based, is

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