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Analysing blockchain/distributed ledger technology in capital markets and know your customer process
Journal of Securities Operations & Custody,
12
(1),
58-71
(2019)
Abstract
Distributed ledger technology (DLT) is attracting the attention of the financial sector, both owing to its use in transactions with cryptoassets and to the proliferation of initiatives that have the potential to increase the efficiency, transparency, speed and resilience of processes underlying financial transactions, such as the know your customer (KYC) process. This paper aims to introduce this technology by describing a series of basic issues surrounding it and attempting to identify the possible value proposition in using this technology. Additionally, it addresses possible applications in the financial sector and outlines some of the main challenges to capital markets, where trust and collaboration are the key of success.
Keywords: Delivering value; KYC process; automation; financial crime
The full article is available to subscribers to the journal.
Author's Biography
André Eduardo Demarco heads B3’s Compliance Products and Bidding Process, where he is responsible for developing and delivering know your customer (KYC) and anti-money laundering (AML) products together with bidding process services. He was formerly director of Over-the-Counter (OTC) Depository Department, Product Engineering, Services and Education and Trading Department. He graduated in business administration from Universidade Mackenzie in São Paulo. He pursued graduate studies at the University of São Paulo, where he earned an MBA in derivatives, and has an LLM (Master of Laws) from INSPER. He has worked in financial and capital markets for over 20 years.
