NuArca has been recognized by IBM as the North American New Partner of the Year.
"IBM nominated and selected us based on both the live production blockchain-based proxy network we built with our partner AST, as well as our blockchain solutions studio strategy." said Todd Cooper, CEO and Co-founder of NuArca, "We are very proud and honored."
The recognition presentation occurred at IBM Think 2019 where over 25,000 participants are sharing ideas, successes, research, innovation strategies, diversity, and much much more.
To see what's happening at IBM Think 2019 visit HereNuArca EnergyNuArca VotingOwnership Distribution
We are very proud to announce that NuArca is opening development offices in Cork, Ireland.
With its proven innovation and development focus, Ireland is the ideal location for an innovative development team. We chose central Cork due its dynamic technology scene, high standard of livability, and ready access to talented technology professionals.
Under the leadership of Paul Leahy (Managing Director Ireland), NuArca is already building a talented development team committed to solving complex business problems using blockchain and machine learning technology, so if you are a block chain knowledgeable developer, please let us know.
This is a critical step in NuArca’s continued journey to create development capacity and execution capabilities that can accelerate multiple new businesses at any given time. By adding a second development office with the goal of hiring 12+ developers within the next 12 months, with our current 12+ developer team in Bangladesh, NuArca can accelerate businesses at an even greater rate.
A few months back Todd and JB had a long conversation with the Hyperledger project team. NuArca has been an active participant in the scalability working groups of the Hyperledger project and we strongly believe in the technology's fit for high volume transaction use cases, including voting and even more specifically proxy voting. In this interview we discuss Hyperledger Fabric as well as our current proxy voting solution project. With Hyperledger Farbric 1.1 and its multi-threading capabilities nearing production release, this platform will only get stronger, faster, and more reliable.Read More
Our first project passed a major milestone in early December. Meeting 100% of both the accuracy and scalability performance requirements AST and NuArca's Hyperledger Fabric based proxy voting solution passed the scaled pilot phase with flying colors. The system processed over 8 million voting shareholders representing over 1 trillion shares with perfect accuracy in tabulation and meeting high volume processing benchmarks.
We are now working closely with AST to move this system into live production with a target go-live date of March 2018. By end of 2018 the majority of AST's proxy voting voting and tabulation services will be using this system. The system will be hosted as a cloud service easily enabling extension to other proxy service providing stake-holders. This new blockchain based proxy voting system will one of the very first production uses of blockchain in the financial services industry. Stay tuned for more information and updates.
JB Sloan joins Nuarca from Pegasystems where he served as product manager for the Sales Automation and Customer Services solutions for Financial Services. While there he managed the development and launch of the customer service chatbot solution for Facebook Messenger. JB has 15 years of product management experience in the financial services sector in areas such as compliance management, enterprise risk management, sales and customer service. JB has a Masters of Information Services from Northeastern University. He has worked with many of the top fifty global banks helping them develop and implement software solutions.Read More Asset Servicing Times NuArca Voting
We are very pleased to announce that JB Sloan has joined NuArca as the EVP of Product Management. JB brings 15+ years of experience in delivering enterprise class software and cloud solutions to the global financial services industry.
JB will be spear-heading NuArca's product management efforts including ensuring tight fidelity between business imperatives and development execution, product requirement definition and process, product strategy, and pricing.
JB Sloan joins Nuarca from Pegasystems where he served as product manager for the Sales Automation and Customer Services solutions for Financial Services. While there he managed the development and launch of the customer service chatbot solution for Facebook Messenger. JB has 15 years of product management experience in the financial services sector in areas such as compliance management, enterprise risk management, sales and customer service. JB has a Masters of Information Services from Northeastern University. He has worked with many of the top fifty global banks helping them develop and implement software solutions.
NuArca's practical approach to addressing today's challenges using tomorrow's technology continues to resonate. Mark Dugdale's article "Immutability Inside" in Asset Servicing Times discusses the impact of the use of blockchain technology to address the challenge of proxy vote management. Mark highlights the connection between regulatory guidance on innovating within asset management and the practical apprach to leveraging blockchain DLT that NuArca and AST are taking.
"Immutability Inside" can be found on page 10 of issue 166 of Asset Servicing Times.Read More NuArca Voting
On April 8, 2017, NuArca moved into its new headquarters just outside Boston. We are growing quickly and the new space is better aligned with our current and future plans.
NuArca’s new Boston area address is:
304 Cambridge Rd
Woburn, MA 01801
Raffi Festekjian, Executive Chairman and Managing Partner of NuArca, said, "Team interaction is key to building a strong and flexible business. We have invested in this office for both the team in Boston and to ensure a strong home base for national and international collaboration."
NuArca also has development offices in San Ramon, CA and Dhaka, Bangladesh.
NuArca will be working with AST to deliver a blockchain and machine learning enabled proxy voting solution. AST and NuArca will work together to pioneer advances in proxy analytics and reporting that utilize immutable blockchain results and real-time facts to support issuers in the creation and execution of successful proxy campaign strategies. This solution will facilitate greater transparency and confidence in data handling, allowing issuers to make more informed decisions and strategy adjustments. It will also allow AST’s proxy solicitation experts to access advanced predictive analytics to guide complex proxy solicitations.
NuArca has already developed and demonstrated the efficacy and value of blockchain technology and bot interfaces for AST's transfer agent and equity plan management services. Working with AST to move blockchain from the NuArca labs to live use by AST's proxy management businesses is an exciting and very worthwhile project that will also drive the blockchain evolution forward.Read More NuArca Voting