Nicole Olson, vice president of digital product development and innovation at State Street, will join a panel on “Leveraging Smart Contracts and Blockchain for Smarter Bankingat Bank Automation Summit 2022 on Wednesday, March 2 at 1:30 p.m. ET at the JW Marriott in Charlotte, NC
The roundtable will discuss settlements using distributed ledgers and the use of smart contracts to accelerate interbank transitions and solve know-your-customer and anti-money laundering (KYC/AML) operations.
In his role at Boston-based State Street, Olson creates the financial institution’s digital asset strategy and leads the creation of new digital asset-related offerings. She will share the bank’s experience in using smart contracts on distributed ledgers.
The $303 billion State Street Bank, which manages $3.9 trillion in assets, disclosed in December 2021 that it had completed a margin calculation process for live trading a foreign exchange contract at 30-day term with Vanguard using blockchain technology and smart contracts to automate collateral settlement.
The bank will integrate and evolve the new solution before rolling it out to other customers via an application programming interface (API), and then gradually transition to the old system.
“I’m excited to join the Bank Automation Summit panel on Harnessing Smart Contracts and Blockchain for Smarter Banking,” Olson said. Banking Automation News. “This is a critical and timely topic as banks seek to better understand how they can implement blockchain solutions into their strategies going forward.”
Prior to joining State Street, Olson co-founded Electronifie, an electronic corporate bond market, and served as its chief strategy officer. She previously worked at Liquidnet, where she launched the equity capital markets business, established and managed strategic partnerships, rolled out new markets in Europe, Asia and Canada, and implemented the investor relations program. company investors.
The Bank Automation Summit, taking place March 1-2 in Charlotte, NC, is the first and only event to focus solely on automation in banking. The event will feature the brightest minds from across financial services on intelligent automation strategies and deployment. Learn more and register for the Bank Automation Summit 2022.