Insurtech In Focus – GECKO Governance
4th September 2020
Welcome to the third edition of our ‘Insurtech in Focus’ series, the purpose of which is to illustrate the cutting edge, problem focused and transformative offerings of our Insurtech startups and how Insurtechs and the wider industry are collaborating to deliver innovation for the sector.
In an illustration of the diversity of Insurtech scene our first two articles in the series focused on Satellite Multi Spectral / 3D GIS Drone Imaging (Aerial Agritech) and Remote Asset Tracking Platform (Traxsit). In this edition we will introduce GECKO Governance an award winning Blockchain solution for managing compliance in the Insurance, Fund Management, Banking and Digital Asset industries.
GECKO Governance is a RegTech system built by subject matter experts who can translate clients systematic processes and activities into the software, providing definitive solutions to meet all compliance pain-points across a multitude of financial service areas on a global basis.
The need for the system arose from the frustration of being unable to source a streamlined system to manage multiple workflows and appropriate oversight of compliance processes that were traditionally carried out on spreadsheets. It was evident that there was a need to provide expertise and knowledge to financial services firms who need a solution to manage their governance framework, communication and documentation.
The team in GECKO are complemented by Business and Tech experts who can address a range of pain points in existing systems. Always at the cutting edge of technology, GECKO are one of the first providers to design Blockchain integrated solutions and are API centric and can work across all the various Cloud platforms. GECKO Governance enables fund managers to schedule all their end to end compliance and regulatory tasks and provides a verifiable independent audit trail of compliance to satisfy global financial regulators requirements.
It is the first company in the Funds industry to integrate or use Blockchain technology for the management of fund data with regards to their AML/KYC, Operational Due Diligence (ODD), Fund Launch and On-Boarding. GECKO Governance offers a suite of unique Blockchain integrated products which hugely improves client’s operational efficiency cost effectiveness and compliance security.
GECKO Governance was listed as one of the Silicon Republic 12 Fintech start-ups to watch in 2019. The team in GECKO are very progressive and have a strong client base and a range of partnerships developed.
There is significant potential for the Insurance industry to leverage the benefits of the GECKO Governance solution into their business. If you would like to find out more about GECKO Governance and how their solutions could add value to your operation please do not hesitate to contact me on Aidan.Mahon@itcarlow.ie or 087 761 8574.