Fluent Announces Bank Pilot of Enterprise Software Platform the Fluent Network

Fluent Announces Bank Pilot of Enterprise Software Platform the Fluent Network

Fluent, the financial operating network for global commerce built on blockchain technology, introduces their enterprise software platform, the Fluent Network, currently in a pilot program with a Forbes Top-10 ‘best’ bank.

At its core, the Fluent Network is a secure distributed ledger purpose-built for banks, financial institutions, and global enterprises. Fluent has developed a suite of applications and solutions on top of the network to increase efficiency and transparency, provide flexibility, and enhance collaboration across global supply chains. Fluent closed its pre-seed financing in November 2015, with participation from institutional investors that include Draper Associates, Thomson Reuters, 500 Startups, UMB Bank, SixThirty, and others. Fluent has offices in St. Louis, San Mateo, and Lexington, KY with a diverse team of nine full-time.

The Fluent Network is a reflection of the evolution of the organization, the value proposition, and the future vision of Fluent.

“A network allows the whole to be exponentially greater than the sum of its parts and eliminates the inefficiencies that exist in disconnected systems,” said Lamar Wilson, CEO, Fluent. “There is no space where this is more important than global supply chains, who have dealt with siloed systems for far too long. We are here to close the gap between businesses and banks across our secure financial operating network.”

The Fluent network allows frictionless financial flows across global supply chains running in tandem with information and business logic. Simply put, this combination enables smarter, faster, more efficient, and more secure corporate finance and cross-border commerce for large enterprises.

Supply chain is the latest use-case to feel the spotlight of the Blockchain industry with opportunities in payments, tracking goods, and trade finance. Fluent has differentiated itself in this rapidly growing space by focusing strictly on the end user above all else.

“Fluent spent eight months prior to development, interviewing CFOs, treasurers, corporate finance executives, and heads of accounts payable to gain intimate knowledge of the problems, pain, and inefficiencies they deal with in their financial supply chain operations,” said Dave Sutter, COO, Fluent. “We then identified specific instances where blockchain technology and a distributed financial network could provide a qualitative advantage over traditional systems for global enterprises.”

Fluent developed a working enterprise software platform in an industry whose focus has been primarily on infrastructure for financial institutions and use-cases. Solutions on the fluent network include a real-time payment platform, supply chain management tools, approved payables financing, and a multi-lender receivables marketplace. Currently, Fluent is in the middle of a pilot program with an undisclosed Top-10 bank on Forbes’ 2015 America’s Best Bank list, establishing connectivity with the goal of going live upon completion. Fluent is demoing their platform, Fluent Network, to other large financial institutions and Fortune 5000 companies in the US and abroad.

Additionally, Fluent has unveiled a new website, fluent.network, which includes more information about the Fluent Network and the solutions provided to banks, enterprises, lenders, and developers. The new website displays a collection of past news publications, original content, and their board of advisors. This announcement represents a departure from the previously close-lipped startup.

“The financial supply chain space has needed an overhaul for a long time,” said Sutter. “We are steadfast and confident in both our platform, our team, and our market fit in the fastest growing space in fintech.”

About Fluent

Fluent is the financial operating network for global commerce. Founded in 2014, Fluent is DBA of Love Will Inc. Fluent connects banks and businesses on a distributed financial database that provides a frictionless operating network for large enterprises and their global supply chains. Fluent has built a suite of solutions on top of their blockchain-based network increase efficiency, provide flexibility, and enhance collaboration across global supply chains.


Related News

Blockchain Platform Fluent Raises $1.65m in Seed Fund

It is worth noting Fluent has been active in worlds of fintech and blockchain technology for a long time, which explains their vision of supporting disruptive companies with distributed ledger technology. Plenty of startups around the world are trying to leverage blockchain technology and bring it to different industries all over the world. Fluent, a US-based company, announced their successful US$1.62m round of seed funding. Blockchain Startup Fluent Raises Capital. Not too many people had heard about Fluent before today, although the US-based startup has been focusing on blockchain....

Credit Insurance Firm Partners With Blockchain Startup Fluent

Fluent has partnered with credit insurance provider and Allianz subsidiary Euler Hermes. Announced today, the blockchain startup used its speaking slot at Money2020 to formally unveil the partnership, as well as demonstrate how users of its trade finance platform can fund trades, settle payments and access receivables. More ambitious than some distributed ledger projects, Fluent has built its own blockchain technology and business-to-business marketplace for trade finance called the Fluent Trade Asset Marketplace. With the news, Fluent will now leverage its new partner's API to....

How Fluent Wants to Streamline Financial Supply Chains With a Blockchain

As blockchain fever is taking hold of prominent financial industry firms around the globe, two men from Kentucky believe to have found the key to rewire international supply chain infrastructure. Fluent cofounders Lamar Wilson (CEO and developer) and Lafe Taylor (CDO) recently unveiled the Fluent Network, a blockchain-based financial operating network to streamline supply chain finance. And they've got $2.5 million in seed funding to back their efforts. From Pheeva Wallet to Blockchain Startup Wilson and Taylor, who previously founded the Pheeva Bitcoin wallet for iOS, are not your....

Singapore government adopting hands-off approach to Bitcoin

The Monetary Authority of Singapore, the city-state’s central bank, told a local trading platform that it would not interfere with its Bitcoin services. “Whether or not businesses accept Bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene,” officials told Coin Republic. This is congruent with previous statements the Singapore government made regarding its intention to remain uninvolved with digital currencies. This is one more piece of evidence for those who believe Singapore is poised to take over Switzerland’s role as the world’s....

Supply Chain Startup Fluent Raises $1.65 Million in Seed Funding

A blockchain startup dedicated to supply chain applications has raised $1.65m in new seed funding. Fluent, which last year raised roughly $850k from a group of investors that included mass media corporation Thomson Reuters and Silicon Valley VC fund Draper Associates, is one of several startups in the blockchain space today working on supply chain applications. The round was led by ff Venture Capital, a New York-based venture firm with a portfolio that also includes Indiegogo. Crosscut Ventures, Digital Currency Group, Draper Associates, Fenbushi Capital, Lindbergh Tech Fund and the St.....