Compliant and poised for global growth thanks to NetSuite

“BrightBridge immediately understood our need to have financial and business architecture primed for global expansion, but a system that also focused on the now to help drive growth and deliver efficiencies. BrightBridge’s emphasis was on ensuring data was compliant and secure while also creating a solution for management and control.”
Steve Reeves, Chief Financial Officer
Koine
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  • Industry

    FinTech

  • Location

    London, UK

  • Challenges

    Future global growth

    Compliance

    Highest level of security

  • Products implemented

    NetSuite OneWorld

Founded in 2017, Koine offers segregated, institutional custody and settlement of digital assets, providing a transformative security model, eliminating settlement and counterparty risks, for the first time bringing together the full suite of governance, compliance, risk management and audit of real-time asset trading to the digital ecosystem. Its institutional clients can engage with digital assets whilst fully adhering to regulated market practices.

Koine’s ground-up architecture, team, governance and systems make it the solution of choice for the professional trading community, delivering a truly institutional service to support all trading styles, from passive holding to high-frequency trading and offering real-time gross and net settlement options. This means digital trading venues and fund managers are turning to Koine to provide independent, institutional custody and settlement of digital assets.

Focused consultancy to deliver maximum security and flawless compliance

BrightBridge Solutions was engaged by Koine in late 2018 when the business was in its pre-revenue and development stage. It worked closely with Chief Financial, Risk and Information Officers to satisfy the high levels of security and compliance required. In order to deliver this, we implemented NetSuite OneWorld for UK subsidiaries and positioned a multi-company structure so further global subsidiaries could be effortlessly added in the future.

The solution: an intelligent growth-readied financial management system

  • Oracle NetSuite OneWorld – the leading multi-company, multi-currency and regulatory financial platform in the cloud – employed as the robust foundation
    • Financial consolidation and reporting
    • Intercompany transactional elimination automation
    • Core internal financial controls
    • Departmental cost management
    • Mobile expense management
  • Poised to scale in support of planned global growth during 2020

The top ERP for a best in class company

Koine’s secure, bank grade infrastructure has already been recognised, having been awarded Best New Tech at the world’s largest Foreign Exchange (FX) technology conference, Trade Tech FX, in Miami in February 2019. It is excellent for Koine to receive such early market recognition.

 

Koine is authorised as an Electronic Money Institution (“EMI”) by the UK Financial Conduct Authority (“FCA”) for the issuance of electronic money.

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