Blockchain

Former French central bank boss joins SETL board

UK-based blockchain technology venture SETL has hired former Governor of the French central bank Christian Noyer as a member of its board of directors.

He says that “in the current environment, SETL’s technological leadership coupled with the deep experience of the team presents a unique and compelling proposition. I look forward to helping shape this extremely interesting initiative.”

Philippe Morel, CEO of SETL, which has received backing from a number of financial institutions including Citi, Deloitte and Credit Agricole, says: “The appointment will assist us in many ways. We believe we have a technological lead in the blockchain for financial markets arena having demonstrated the ability to process billions of transactions a day, and to be able to service over 100 million addresses concurrently.”

“We are unique in having both a financial grade product and a proven deployment route. We have already received significant further indications of interest in our OpenCSD product, especially from organisations who are prominent members of competing offerings.”

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.

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