Catch the comments of our Product Manager Anna on "How is AI transforming risk management?" in the August's article of FinTech Global Watch this space for more insights and share your thoughts in comments under this post. #Featured #FinTech #WealthTech #FinTechTrends #DLTApps #RiskManagement #Qkvin #AI #FinTech #Innovation #ModernSolutions
DLT Apps
Financial Services
We are an innovative engineering team, focused on transforming financial services.
About us
We are an innovative engineering team, focused on transforming financial services globally. The business focuses its deep tech engineering capability around blockchain and artificial intelligence, supported by innovation tech in cloud & dev-ops infrastructures, micro-services, mobile and digital applications. The core team has designed, created and engineered innovative financial services technology based companies and services that have returned more than $1.0billion of shareholder value and reduced industry costs by over $0.5billion. These companies have collectively generating over $800 million in annual revenues, providing employment for over 2000 people and enabling $2 trillion of fund transactions across 40+ countries and 18,000 trading entities annually. Companies our team have founded have won numerous industry awards including the Sunday Times Tech Track 100 and The Top Fintech 50 Best Innovation Companies in 2014, 2015, 2016, 2017 and 2018.
- Website
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https://www.dltapps.co.uk/
External link for DLT Apps
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2018
- Specialties
- Asset Management, Wealth Management, Open Banking , Blockchain, Artificial Intelligence, Micro Services, Cloud Infrastructures, Savings and Investments, Digital Business Transformation, Data Migration, Financial Services, and Cloud
Locations
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Primary
London, GB
Employees at DLT Apps
Updates
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📢 Exciting News! 📢 We are thrilled to announce that DLT Apps has officially achieved ISO 27001:2022 certification! 🎉🎉 At DLT Apps we have incubated and run multiple products successfully; quality, information security & resilience have been key pillars in our design and implementation. This ISO Certification milestone is a testament to our commitment to excellence in the design, development, technical support, maintenance, and operations of software products. A huge thank you to our incredible team for their hard work and dedication and to our partners and clients for their continued trust and support. This achievement reflects our core values and the high standards we set for ourselves every day. This is only the beginning of an exciting journey to continue delivering high-quality products (Qkvin, TerraAi, Zeta) and services with the added confidence that comes from being ISO certified. Here's to continued success together! 🚀 #ISOCertification #ISO #InfoSec #Security #FinTech #ISO27001 #TerraAi #FinancialTechnology #InnovationBanking #Qkvin #Zeta #Quality #Excellence #Teamwork #ContinuousImprovement #Cybersecurity
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Read the new post about characteristics and benefits of #MigratIO by #TerraAI - a service that makes the migration process easier and faster.
When it comes to complex data #migrations, managing time and resources is a significant challenge. To address this, we developed #MigratIO, a scalable solution designed to simplify the migration process. ⚒ Initially, we relied on DuckDB to support our migrations. DuckDB is lightweight, efficient, and integrates well with Python, making it simple for developers to handle tasks using just Python and SQL. While DuckDB worked well on the early stages, however, it couldn't handle efficiently with data volumes grew, and along with that, MigrateIO required a solution which offers distributed in-memory processing and accelerate the parallel data processing to reduce latency. 🔓 To overcome this we chose Apache #Spark as it's in-memory processing capabilities significantly accelerate data processing and reduce the latency that MigrateIO aims to achieve. Additionally, Spark's scalability and speed made it the ideal choice to handle the increasing data loads while maintaining high performance. ⚙ Our transition from DuckDB to Apache Spark has been a journey of growth and learning to the product and team but this switch wasn't without its challenges. Unlike DuckDB, integrating Spark allowed us to capitalise on our existing expertise in advanced technologies like Kubernetes and Argo, enhancing our ability to deploy Spark within the Spark Operator seamlessly and efficiently. 🔭 Another challenge was making sure our developers fully understood how Spark’s parallel distributed processing works and avoid mistakes. For example, if data isn't partitioned correctly or if intermediate results aren't cached, Spark jobs can unintentionally revert to a single-node operation, which defeats our goal of saving time and resources. 📍 Despite that, by leveraging Spark, MigrateIO has greatly reduced processing times. For instance, we were able to transform 6 million transactions into the required format for our load systems, cutting the processing time from around 5 hours with DuckDB to just 30 minutes with Spark. By integrating Spark, MigrateIO’s capability was further enhanced to manage extensive migrations effectively, ensuring that businesses can smoothly transition their data using the product, regardless of size. 📡 Furthermore, MigrateIO utilised the power of Argo for event-driven job submission and made the ETL processes asynchronous, which greatly improved the products efficiency. Even though now we offer the power of Spark distributed processing, we’ve given users the option to choose between DuckDB and Spark based on their data size and the costs involved. 📌 📌 One important thing to note is that MigrateIO as a product supports loading data to various targets, including SQL and NoSQL databases, #Kafka streams, S3 locations and APIs. This flexibility has not only improved our product’s capabilities but also helped our developers expand their skills. #TerraAi #EfficientMigration #DataMigration #DLTApps #Innovation #DigitalTransformation #DataEngineering
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DLT Apps reposted this
📢 Navigating PEP Compliance: FCA’s Proposed Amendments and Their Impact on Financial Institutions The #FCA recently reviewed their guidance on the treatment of Politically Exposed persons (PEPs). Firms can use this guidance as an approach to meeting their legislative requirements that are set out in the regulations. As a result, proposed amendments to this guidance have been shared for consultation to help facilitate effective compliance. ✍ Proposed amendments ✍ 👉 Non-Executive Board Members (NEBMs) of civil service departments As part of the review, it was noted that some firms were treating NEBMs as PEPs. The proposed amendment clarifies that NEBMs roles, in the UK context, shouldn’t be treated as PEPs. 👉 PEP relationship signoffs It is a regulatory requirement that all PEP relationships are signed off by senior management. Currently, this is at minimum the Money Laundering Reporting Officer (MLRO) with higher level signoff potentially occurring for higher-risk relationships. 👉 Reflect updates to Regulations Early in 2024, the UK government updated regulations to require domestic PEPs risk assessment stat at a lower risk point than foreign PEPs. Guidance will be updated to reflect this legislative change. 👉 Minor changes Further non-substantive changes have been made to update the guidance. Clarifying who is considered a PEP and allowing for greater independence of the MLRO through expanding the scope of signoffs will help ensure seamless compliance experiences for both customers and firms. We feel the amendments are a step in the right direction, whilst further clarity could be provided in ensuring firms appropriately manage the EDD requirements for domestic and foreign PEPs. At Qkvin, we are excited to see substantive changes proposed based on reviews that seek to clarify this guidance to assist firms in their compliance journeys. Configurable policies and workflows, such as Qkvin, ensure immediate integration of such changes to guidance, providing confidence in your #FinCrime compliance journeys. We look forward to the outcome and what the industry has to say. What are your thoughts? #PEP #Compliance #KYC #AML #FinancialCrime #Regulation #FCA #Fintech #FinancialServices #FinancialInstitutions #RegTech #Automation #Qkvin #Innovation DLT Apps Laura Hadfield Mahesh Patil Santosh Reyes (Mahagaonkar) Venkatesh Pulla
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DLT Apps reposted this
In our second episode of the Qkvin-tessential video series featuring Laura and Anna, we discuss some of the common frustrations that prevail with existing #CLM solutions. In this video, they highlight how the use of multiple separate systems fragments information, leading to inefficiencies and a lack of comprehensive customer insights. This fragmentation not only hampers informed decision-making but also makes cross-training across different teams challenging. Furthermore, the transition to new solutions is often difficult for compliance teams, especially when they need to learn and integrate multiple systems. Complex new solutions can increase customer drop-off rates, disrupting the seamless customer experience financial institutions strive for. Anna also points out that many institutions are already leveraging automation and machine learning, which need to integrate smoothly with existing legacy systems—a task that's often not straightforward. Finally, Laura emphasises the rapidly evolving regulatory landscape and the necessity for RegTech to keep pace, despite the challenges posed by legacy infrastructures and manual workflows. 🌟 #Qkvin addresses these challenges head-on, providing a seamless, integrated solution that unifies fragmented systems, enhances compliance capabilities, and ensures a consistent customer experience. 🎥 Watch the full discussion to learn more about how Qkvin is revolutionising Client Lifecycle Management. #FinancialInstitutions #ClientLifecycleManagement #DigitalIdentity #RegTech #Automation #MachineLearning #Qkvin #Innovation #Compliance #CustomerExperience
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DLT Apps reposted this
#Banking #migrations are challenging due to technical, regulatory, operational, and security factors: ⚙ Legacy Systems: Aged infrastructure not built for modern interoperability, making extensive customisation necessary for complicated integrations and data migration. 📈 Data Volume and Quality: Banks handle vast data sets requiring meticulous migration planning to avoid data loss and maintain integrity in the target system. 📑 Regulatory Compliance: Strict and complex regulations (e.g., GDPR, PCI DSS) that necessitate sophisticated data handling and migration. 🛡 Security: Ensuring the security and privacy of sensitive data with robust security protocols during migration is paramount. ⛓ Operational Continuity: Minimising downtime and maintaining uninterrupted services of critical banking functions are crucial. 🖇 System Interdependencies: Multiple systems and interfaces (e.g., payment gateways, third-party services) require extensive testing and validation. 🔃 Stakeholder Management: It is essential to ensure effective coordination among various stakeholders and manage change seamlessly. 🛠 Project Management: Detailed planning, risk management, and post-migration support are vital for smooth migrations. How #MigratIO Helps: #MigratIO simplifies data migration with a no-code user interface, intelligent data mapping, and predictive data transformation. Our solution ensures data integrity, security, and compliance throughout the migration process, minimising operational downtime and enhancing data quality. Designed for business analysts, MigratIO requires no coding, leveraging AI and ML for faster, more accurate migrations. Our features include early data profiling and reusable data transformation, ensuring seamless, reliable, and cost-effective transitions to modern systems. MigratIO helps banks navigate migration complexities, enabling a secure and efficient transition to contemporary digital infrastructures. #Banking #DataMigration #MigratIO #FinTech #DataManagement #DigitalTransformation
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Catch Alan's views on 'What regions are the most exciting for WealthTech in 2024?' in this article from FinTech Global. Watch this space for more insights. #Featured #FinTech #WealthTech #FinTechTrends https://lnkd.in/gzzHSR3t
What regions are the most exciting for WealthTech in 2024?
https://fintech.global
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DLT Apps reposted this
Here's the first post in our #Qkvin-tessential video series featuring Laura and Anna, diving deep into the challenges within #ClientLifeCycleManagement, and how to effectively address these challenges to deliver great #ClientExperience and #Compliance. In this episode, Laura and Anna discuss financial institutions' major hurdles in achieving regulatory compliance. Financial institutions often struggle with fragmented solutions that lack flexibility, making it difficult to keep up with rapidly evolving regulations. Legacy systems add another layer of complexity, as they are challenging to modernise and migrate, often requiring constant retraining of compliance professionals due to a shrinking talent pool and high job turnover. 🌟 Watch the full series in the upcoming to understand how Qkvin tackles these challenges head-on, providing a comprehensive and modern solution for seamless regulatory compliance. 🌟 #Qkvin #RegulatoryCompliance #FinancialInstitutions #ClientLifecycleManagement #DigitalIdentity #FinTech #Innovation #ComplianceChallenges #LegacySystems #ModernSolutions #PEPs #VideoSeries Stay tuned for more insights and updates! 🔍👥
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We're thrilled to announce the launch of Zeta - our comprehensive financial advisory platform! #Zeta is designed to transform the financial advisory landscape by integrating AI-driven tools that streamline client management, automate data collection, and significantly enhance efficiency for financial advisers. Our vision is to revolutionise the way financial advisers operate. Reach out to us at www.zetawealth.co.uk to learn more about how #Zeta can elevate your financial advisory services. #FinancialAdvisory #AI #FinTech #Innovation #ClientManagement #Efficiency #Automation #Zeta #WealthManagement #InvestmentAdvice
The evolution of financial advisory services over the decades has transformed from rudimentary, high-barrier practices to highly accessible and technologically advanced solutions. In the early 20th century, financial advice was scarce, with limited knowledge and high costs keeping the majority of the population out of the stock market. The Great Depression and World War II exacerbated these challenges, but the post-war economic boom saw a shift. Increased disposable income and the creation of financial products like Merrill Lynch’s pioneering advertisement in 1948 began democratising investing. #dltapps #FinancialPlanning #InvestmentAdvice #WealthManagement #FinancialAdvisory #ArtificialIntelligence
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From fraud prevention to increased productivity to summarising reports, #GenAI has been the buzzword that has held the financial world's attention for some time now. But how close are we to realising the potential that it offers and witnessing its impact? Let us know your take on it.
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