Regulatory Finance Solutions Ltd. (“RFS”) has made a further £1.5m equity investment in ByzGen Ltd. (“ByzGen”), the creator of bespoke private, blockchain systems. The investment will enable ByzGen to accelerate its growth plans to meet increasing market demand.
Harnessing Skipchain technology – enhanced with cutting edge permission controls and security protocols – ByzGen designs, configures and deploys decentralised blockchain systems. These systems enable organisations to protect their digital and hard assets through improved data reliability and assured transaction provenance. ByzGen has built strong credentials, developing high security solutions to meet the critical needs of the defence and financial services sectors.
The company is run by CEO Marcus Ralphs who brings first-hand experience of the Defence and Security sector, and CTO Terry Leonard. They are joined by a highly experienced and credible management team.
ByzGen’s CEO, Marcus Ralphs, said: “This is an exciting time for ByzGen. With the continued support of RFS, we can accelerate our growth by capitalising on the vast market demand for our data assurance and provenance solutions. The investment will allow us to build on our success in the defence and security sector and support rapid expansion of our services across the private sector.
RFS Strategy Director, Anthony Howitt, said: “Data provenance and security continues to be a constant challenge for organisations in the digital age, as evidenced by the market demand for ByzGen’s services from both the public and private sector. As an organisation, RFS is committed to providing its clients with market leading solutions that answer their most critical business challenges, and is therefore delighted to further our commitment to ByzGen through the execution of Series A.”
RFS is expert in helping regulated firms create better customer outcomes. We operate across retail banking, investments, insurance, consumer credit and utilities; sectors which are all having to manage in the emerging regulatory landscape. With our regulatory knowledge, our operational expertise and our specialist associates, we can partner with our clients to deliver in the areas of Outcome Testing, Complaint Handling, Remediation, Financial Crime, Technical Resourcing and Project Management. Our solutions help to alleviate regulatory pressure, mitigate against future problems and support our clients in building loyalty and advocacy with their own customers.
ByzGen uses cutting-edge technologies to secure and control sensitive data that may transcend traditional organisational and network boundaries; whilst ensuring data protection compliance and reducing operational costs for government departments and businesses.
Our systems use a combination of fine-grain access controls and provenance assured data histories to ensure that there is only one version of data-truth; driving trust across the network, even when that network contains disparate actors and organisations.
Working closely with two of Europe’s leading information security and distributed technology universities; we design, build and launch bespoke, decentralised, ledger-based, data assurance systems (often referred to as Blockchain). These systems are enhanced with sector leading cryptography, to ensure the highest level of security, performance and data protection legislative compliance.
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