What Happened?
Toronto, ON-based Nanopay Appointed Nicko Van Someren as Chief Security 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 is Chief Technology Officer at Absolute. Previously, Nicko held various senior IT leadership roles in the industry.
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