Billon Shifts Focus from Pilots to Revenue Growth
Billon Group, the 1st FinTech to build a proprietary distributed ledger technology for digitising national currency and on-chain documents, is shifting its focus in 2019 away from pilots and to implementation of robust enterprise solutions.
As part of this new strategy, as of January 10th, David Putts will move full-time into Billon Group and take the role of the Chief Growth Officer on the Board of Directors. David was previously the part-time Chairman of Billon, and successfully led efforts to secure Billon’s FCA e-money registration, gain investment and cooperation on projects with FIS Global, and to serve major clients such as Philip Morris.
Wojtek Kostrzewa, Billon Group’s CEO, explains, “We are very pleased to have David play more of a day-to-day leadership role in the Board of Billon Group. After completing many pilots in 2018, as Chief Growth Officer David can more directly influence our 2019 strategic direction and ability to achieve our revenue targets, especially in international markets.”
David adds, “Clients expect DLT technology to deliver tangible business outcomes such as cost savings or new revenue generation, and they are no longer investing just to learn about blockchain. What makes our DLT platform special is that we built our system with the goals of the enterprise in mind, and we can deliver digital transformation of business processes involving national currency, documents, and identity. We’ll make this a major theme of our revenue focus.”
What makes our DLT platform special is that we built our system with the goals of the enterprise in mind, and we can deliver digital transformation of business processes involving national currency, documents, and identity.David Putts, Chief Growth Officer, Billon
In his new role, David will focus on UK and international opportunities to implement Billon’s enterprise solutions, as well as continue to collaborate with partners such as FIS Global. His first goal is to expand the solutioning team to further scale Billon’s business.
As the former founding CEO/MD of three digital retail banking ventures and an ex-McKinsey consultant, David understands how to replace legacy technology with modern banking systems, and how to create transformative user experiences. Understanding the process of building an ultra-modern bank from scratch – notably Inteligo in Poland and Equa in the Czech Republic – he recognised the complexity that results from processing data, identity, and currency transactions in separate systems. David has been a public speaker on the topic of digital transformation at Money20/20, Impact CEE, and numerous FinTech conferences.
Billon civilized blockchain, creating a regulatory-compliant platform to manage money, identity and data. The platform can be used by enterprise companies to eliminate operational bureaucracy. The proprietary blockchain architecture stores data directly on-chain with no service costs.
Billon was founded in Poland in 2012. The development of its unique blockchain protocol has been supported by many R&D grants, including the EU Horizon 2020 program. In 2017 the company launched commercial operations in Poland and the United Kingdom. Billon is licensed to issue electronic money in the UK by the British regulator FCA. In November 2018, the company won the world's largest fintech festival in Singapore, organized by the Monetary Authority of Singapore, showing a solution to zero-cost blockchain micropayments.
For more information, please visit www.billongroup.com