Dundalk start-up creates world's first RegTech Blockchain solution for financial services sector

Gecko Governance has also secured $1 million in funding

Tia Clarke

Reporter:

Tia Clarke

Email:

tia.clarke@dundalkdemocrat.ie

iddt 4 Gecko

Shane Brett, Chief Executive Officer and co-Founder of Gecko

Dundalk-based start-up Gecko Governance has created the world's first RegTech Blockchain solution for financial services institutions.

Gecko, who also have offices in New York and Sydney, also announced that they have received US $1 million in seed investment financing from COSIMO Ventures. 

The firm plan to use the investment to increase staff at their offices in Dundalk, New York and Sydney to support "technology development and clients". 

In a statement, the firm explained their new technology saying: “Gecko's award-winning suite of Blockchain-integrated technology products allow fund managers and banks to schedule all end-to-end compliance and regulatory tasks in a single platform, and provides them with a verifiable, independent audit trail of compliance that satisfies global financial regulators.

“From bank stress testing and operational due diligence to fund launches and investor on-boarding, GECKO is the first to offer live oversight of all compliance requirements, resulting in a streamlined, cost-effective solution that vastly improves customers’ operational efficiency.”

Shane Brett, Chief Executive Officer and co-Founder of Gecko said: “Our Blockchain solution is agile and fully customizable, allowing us to integrate with each financial services firm’s systems and set of best practices.

“Blockchain is the future for regulatory and compliance in financial services, and we are pleased to have COSIMO Ventures’ support as we expand to meet growing demand in this sector.”

Founded in 2014, Gecko Governance is based in Dundalk and has a further two international offices. The company was the winner of Europe's largest start-up prize “Seedcorn Competition” in 2016, and in 2017 Gecko was listed in the RegTech 100, a list of the most influential RegTech companies worldwide.

For more information visit: www.geckogovernance.com