Latest The Bayesian Group News

<p><strong>London, UK— October 8, 2020</strong>— The Bayesian Group, the parent company behind Fabriik Qualified Custody, is upping the stakes in the race to deliver on the promise of frictionless financial management. Today they announced their plans to build a blockchain-centric qualified custodian, with Karen J. Wendel as Chief Executive Officer.   Wendel will lead the deployment of Fabriik Qualified Custody, offering multi-asset regulated custody services for institutions and retail clients.   Fabriik Qualified Custody will operate as part of Fabriik, a global digital asset fintech initiative consisting of a collection of strategically aligned businesses across the liquidity ecosystem.</p> <p>Wendel is an experienced executive who led the regulated bank-created identity syndicate IdenTrust for more than a decade, Wendel also held CEO and Partner roles in venture-backed and global consulting firms where she drove strategic, operational reengineering, and innovation projects for large global entities including Bank of America and ABN AMRO.  Her most recent projects have focused on what she refers to as the “liquidity ecosystem”, i.e. the use of technologies such as distributed ledgers and qualified custody to transform illiquid assets, whether traditional or alternatives, into fungible, highly liquid structures.</p> <p>“The Bayesian Group is pioneering a transformational approach that allows everyone to unlock their financial power.  I am thrilled to have the opportunity to participate in the charting of that new roadmap,” says Wendel.</p> <p>“Custody is a critical piece of the Fabriik ecosystem, however, our needs are quite unique as we embark on a mission to build a seamless marketplace. With Karen we not only found a brilliant mind who’s experience in custody and finance was unrivaled, but her understanding of the convergence of traditional, physical, and digital assets is light years ahead of the pack. It’s a pleasure and honour to be working with Karen to build the next generation of qualified custody,” says Roy Bernhard, CEO of The Bayesian Group.</p> <p>With over 30 years of senior-level business experience in key executive and board positions, Wendel is a veteran of the global banking industry, focused on payments, currency regulation, trust/custody structures, cybersecurity, and identity.  In that context, she has a track record of building and restructuring businesses, resulting in dramatic improvements for shareholders and clients. </p> <p>She was previously the President and CEO of TrustChains, a boutique consulting firm that provides support to the PE and VC communities.  She serves on the board of a publicly-traded company, and in consulting and advisory capacities with multiple private companies.</p> <p>An author on financial management, payments, and supply chain integration, an advisor to U.S. Government agencies and the European Union on emerging technologies for payments and transaction processing, and a keynote speaker at major banking and technology conferences,  Wendel brings thought leadership and passion to the Bayesian Group.</p> <p>Wendel’s education includes degrees earned in International Relations and Economics from Brigham Young University, Provo, Utah, followed by multiple professional accreditations in treasury management and security.</p> <p><a href=The Bayesian Group is the parent company of Fabriik, a collective of companies operating in the Fintech and Digital Asset Investment market.  Bayesian Labs creates software, market research and trading algorithms. Built on top of that technology and research are financial services such as Market Making, Liquidity Provision and an OTC desk delivered by Fabriik Markets. The Fund (a segregated portfolio) is an alpha-generating AI-powered hedge fund that leverages proprietary algorithms to provide outsized returns to its institutional investors.  Fabriik Qualified Custody provides qualified custodial services that allow people to grow, transform, leverage and hold real and digital world assets. The Bayesian Group is dedicated to furthering the probability of positive change by transforming the fabric of global systems starting with finance to show the world the power of Digital Assets within a regulated, private, secure global economy.

" title="Banking and cybersecurity veteran Karen J Wendel joins digital asset sector with The Bayesian Group" />
Press Releases 8 October 2020

Banking and cybersecurity veteran Karen J Wendel joins digital asset sector with The Bayesian Group

The Bayesian Group, the parent company behind Fabriik Qualified Custody, is upping the stakes in the race to deliver on the promise of frictionless financial management.

<p>The Bayesian Group, the parent company behind the tokenization platform <a href=Fabriik.com and the financial services company Fabriik Markets, announced the completion of its acquisition of Money Button. Money Button is an industry-leading non-custodial wallet that allows people to make and receive payments with a simple swipe of a button.

Money Button is the most comprehensive digital asset wallet solution available because users have access to multiple outputs, blockchain data, smart contracts, currency conversion, a REST API and an OAuth API.

“The Bayesian Group is building a liquidity ecosystem for many asset classes, and Money Button is an advanced wallet for Bitcoin. By joining The Bayesian Group, Money Button becomes a member of a larger company solving many problems that complement the wallet we have built. We solve a problem for Bayesian, and they solve many problems for us. We are extremely excited to join the team and create the future financial system on top of Bitcoin.”

Ryan X. Charles, Head of Engineering, Fabriik Smart Wallet.

The Bayesian Group believes that interacting with your digital assets should be simple. With all the complexity of the digital asset world, they believe that an advanced wallet with a simple user interface is an essential component of keeping their promise of an accessible financial future.

During the development of the smart contract management platform Fabriik.com, Money Button’s core technology and experience in the BSV blockchain space turbocharged our ability to iterate on feature sets of the Fabriik tokenization platform. It was clear to both teams that they were better together.

“Money Button has a significant user base and network of businesses that are built on top of their technology framework. This ties into our core philosophy of a tokenization platform vs a token protocol. We are wholly aligned that we are building a platform that can leverage any token protocol suitable for the purpose. As we continue to grow and acquire complementary businesses, we will always look for technology leaders such as Money Button.”

Roy Bernhard, CEO The Bayesian Group

The Bayesian Group is a collective of companies operating in the Fintech and Digital Asset Investment market.  Bayesian Labs creates software, market research and trading algorithms. Built on top of that technology and research are financial services such as Market Making, Liquidity Provision and an OTC desk delivered by Fabriik Markets. The Fund (a segregated portfolio) is an alpha-generating AI-powered hedge fund that leverages proprietary algorithms to provide outsized returns to its institutional investors. 

" title="The Bayesian Group and Money Button Partner to create the most comprehensive wallet solution in the world" />
Press Releases 29 September 2020

The Bayesian Group and Money Button Partner to create the most comprehensive wallet solution in the world

The Bayesian Group, the parent company behind the tokenization platform Fabriik.com and the financial services company Fabriik Markets, announced the completion of its acquisition of Money Button.

digital-asset-fintech-company-the-bayesian-group-launches
Press Releases 13 July 2020

Digital asset fintech company The Bayesian Group launches

The Bayesian Group is a global digital asset fintech initiative consisting of a collection of strategically aligned businesses with the singular goal of moving the world into a frictionless, digital-first financial future.

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