Banff Venture Forum, Canada's premier company financing event, has invited Vanbex Group, a digital currency and blockchain professional services firm, to speak on its latest product, Genisys, at its event scheduled to be held at the Fairmont Banff Springs Hotel on September 22-23.
At the conference, firms are invited to showcase their products to industry-related investment firms and get a premium networking opportunity. The participants are chosen on the basis of a number of criteria, including requirements for seed funding and milestone statuses and a preferred amount of current revenue before a selection committee grants final approval of all company selections.
Genisys is a blockchain integrated payment system that leverages the features and benefits of a distributed ledger network while layering smart contracts for compliance and messaging flexibility, according to the official release.
“We are happy to be recognized in this space and hope to continue to educate people on how blockchain technology and our products are changing the global business landscape. This forum will give us the opportunity to showcase Genisys, our financial product that will change the way we currently transfer financial assets”, Kevin Hobbs, CEO at Vanbex Group, said.
The Genisys platform provides a decentralized financial messaging system that is an alternative to services like the Automated Clearing House, the Clearing House Interbank Payments and the Society for Worldwide Interbank Financial Telecommunication. The Genisys system will also be cross-compatible with these legacy systems, while also complying with ISO20022, the new global financial messaging standard.
Hobbs added that Genisys, a compliance driven, real-time settlement blockchain, aims to make financial transfers more secure, efficient, and cost effective for all users. It will enable merchants, payment processors, foreign exchange houses, and other money-movers to securely transmit financial messages to achieve instant clearing and settlement at substantially lower cost as compared to that currently offered in the financial marketplace.
