What Happened?
Toronto, ON-based Nanopay Appointed Nicko Someren as Chief Technology Officer
About the Company
Payments are increasingly moving digital—and the need for a frictionless® platform that securely stores and moves money in an instant without intermediaries is essential to reducing the cost and risk of payments. Meet Nanopay—the new way the world will transact. We are focused on 4 primary use cases for payments: 1. Cross-Border Payments Enable instantaneous, multi- currency transfer of funds across borders and continents; Satisfy diverse global risk and compliance requirements. 2. B2B Payments Exchange goods and services with international trading partners with complete transparency and transaction context; Improve cash flow without exchanging sensitive banking information. 3. Digital Cash Designed to enable person-to- person (P2P) payments online and in-store; Securely store and instantly transfer value with a collateralized, bearer-asset system. 4. Capital Markets Integrate digital cash into banks` back-end systems to reduce clearing and settlement costs; Free trapped capital caused by typical T+3 timeframes
About the Person
Nicko van Someren has extensive experience in the security industry. Most recently, he served as Chief Security Architect at Juniper Networks, responsible for leading the technology and design direction for the company's Network Security products, as well as promoting Juniper's security solutions to industry and government sectors. Prior to joining Juniper, Dr. van Someren was founder and CTO of the security technology company nCipher Plc. (acquired by Thales in 2008) where he led the research team and directed the technical development. He was also a founder and CTO of ANT Plc, a leading supplier of embedded network software for digital media devices. Van Someren holds a doctorate and First Class degree in computer science from Cambridge University in the UK. He is a fellow of both the Royal Academy of Engineering and the British Computer Society
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