Iress (ASX:IRE) acquires BC Gateways

Company News

by Rachael Jones

Iress (ASX:IRE) today announced it has acquired blockchain communication platform provider, BC Gateways.

BC Gateways’ blockchain platform allows data to be published and distributed in a timely, accurate and auditable way using a ‘shared source of truth’.

BC Gateways currently has an initial focus on helping Australian financial institutions share large volumes of pricing, tax and regulatory data across the investment management value chain.

Shares in Iress (ASX:IRE) closed 1.6 per cent lower yesterday at $13.33.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.