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Z/Yen

Coordinates:51°30′45.2″N0°5′18.3″W/ 51.512556°N 0.088417°W/51.512556; -0.088417
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From Wikipedia, the free encyclopedia

51°30′45.2″N0°5′18.3″W/ 51.512556°N 0.088417°W/51.512556; -0.088417

Z/Yen Group
IndustryConsultancy,Think-tank
Founded1994;30 years ago(1994)
HeadquartersKing William Street,
City of London
Key people
Michael Mainelli

Ian Harris

Mark Yeandle
Websitewww.zyen.com

Z/Yenis a commercialthink-tank,consultancy and venture firm headquartered in theCity of London.It works in the financial services, technology and voluntary sectors on research, performance review and strategic management. Founded in 1994, Z/Yen has developed theLondon Accord,theGlobal Financial Centres Index,the Global Intellectual Property Index forTaylor Wessingand Taskforce 2000 (the UK industry response to theMillennium Bug).[1]

Z/Yen conducts market research and intelligence. It publishes most of its research freely on its own website. Z/Yen is split into 2 parts; Long Finance forPro bonowork and The Financial Services Club (FSC) which provides networking dinners and events for city professionals. Z/Yen's executive chairmanMichael Mainelli,in association with Michael F Smith, has been working with mutual distributed ledgers, or MDLs, since the early 90s. Due to this expertise and recent interest in MDLs, Z/Yen shifted much of its research and resources towards this developing technology and community.

History

During its early years, Z/Yen worked with companies such as British Gas, the London Stock Exchange, Defense Evaluation and Research Agency (DERA), nowDSTLandQinetiQ,andBloomberg.Z/Yen was a key player in the founding of Taskforce 2000, a private sector initiative designed to alert people to the Millennium Bug.[2]

In 1996, Z/Yen launched the £1.9M Financial Laboratory in collaboration with BZW, Royal and Sun Alliance, The London Stock Exchange, DERA,City University,City University Business School,The Worshipful Company of Information Technologists, and Silicon Graphics. The project won a £750,000 DTI Foresight Challenge award later that year.[3]

In the late 1990s, Z/Yen expanded its services to includenot-for-profitsector work. The company worked with organizations such as Cancer Research Campaign, BEN, and The Children's Society. It also undertook a major pan-European study into the market forOTC derivativesoutsourcing.

A version of the company's bourse game was played atSt James' Palaceas a part of aMarine Stewardship Councilevent in 2001.[4]In January 2003, Z/Yen launched PropheZy, a predictive Dynamic, Anomaly & Pattern Response (DAPR) system, which received a £45,000 Smart Award from theDepartment of Trade and Industry.A year later, VizZy, a complementary visualization system for PropheZy, was launched. In 2005, Z/Yen was appointed by theInstitute of Fundraising,with partner Business in the Community, to run the enquiry line and information center for thePayroll GivingCentre program funded by theHome Office.

In 2007, Z/Yen created itsGlobal Financial Centres Indexfor theCity of London Corporation,sold its investment banking cost-per-trade benchmarking unit toAon,[5]and launched theLondon Accord,which provides anopen-sourceresearch resource on finance and environmental, social and governance (ESG) issues.[6][7]In 2008, Z/Yen launched the Global Intellectual Property Index for the legal firm Taylor Wessing. Z/Yen also founded the ExtZy game, which creates a stock market from the internet through the Long Finance initiative. Z/Yen's research has included carbon bonds, non-monetary trade, andConfidence Accounting.[8]

Michael Mainelliand Ian Harris, co-founders of Z/Yen, launched their third book,The Price of Fish,published byNicholas Brealey Publishing.The book was awarded the Gold Medal in the Finance, Investment, and Economics category of the 2012Independent Publisher Book Awards.[9]In 2018, Z/Yen was also awarded the Diamond Quality Mark in recognition of the staff's continued contribution to charity through payroll giving.[10]

In 2014, Z/Yen published "City Walks: Finance At Your Feet" oniBooks.In 2015, the InterChainZ project developed several implementations of mutual distributed ledgers and launched Distributed Futures, a forum dedicated to technology and disruption.

In 2017, Z/Yen published Financial Centre Futures - The Global Financial Centres Index 21 and The Global Financial Centres Index 22, which rank the competitiveness of financial centres globally based on multiple factors including business environment, infrastructure, human capital, and reputation. The reports also include special reports on topics such as fintech, green finance, and Islamic finance.

In 2018, Z/Yen launched the Global Green Finance Index (GGFI) in Brussels, which ranks financial centres around the world based on the quality and depth of their green finance offerings. The GGFI is a collaborative effort with the think tank Finance Watch.

More recently, Z/Yen has been involved in the development of blockchain technology and cryptocurrencies through its Long Finance initiative. The Eternal Coin's "Economic Simulation And Control Of Cryptocurrencies" project aims to develop a technical framework for a cryptocurrency simulator. In addition, Z/Yen published Financial Centre Futures - The Global Financial Centres Index 23 and The Global Financial Centres Index 24 in March and September 2019, respectively, and the China Financial Centres Index 10.

Regular indices

Publications

  • Clean Business Cuisine: Now and Z/Yen- (2000)
  • Information Technology for the Not-for-profit Sector- ICSA Publishing (2001)[13]
  • Expertise: Search and Deploy- (2003)[14]
  • The Road To Long Finance: A Systems View Of The Credit Scrunch- (2009) (with Bob Giffords)[15]
  • The Price of Fish- Nicholas Brealey Publishing (2011)[16]

References

  1. ^"Professor Michael Mainelli".Banking Tech Awards/FinTech Futures.
  2. ^"Fintech: Business Evolution or Revolution".The Financial Services Forum. December 9, 2016.RetrievedSeptember 26,2021.
  3. ^"Military minds train on financial targets".Investment & Pensions Europe (IPE).
  4. ^"Fishy maths - Putting a price on sustainable fishing (A novel use for options theory)".The Economist. August 16, 2001.RetrievedSeptember 26,2021.
  5. ^"Aon Consulting acquires London market intelligence firm Z/Yen Limited".Finextra. March 13, 2007.RetrievedSeptember 26,2021.
  6. ^"City launches pioneering London Accord project".City of London Corporation.26 March 2007.Archivedfrom the original on 7 February 2012.Retrieved20 August2022.
  7. ^"$600bn will tackle climate change".Edie sustainability. December 7, 2007.RetrievedSeptember 26,2021.
  8. ^Confidence Accounting: a proposal
  9. ^"2012 MEDALISTS".Independent Publisher Book Awards.
  10. ^"Diamond & Platinum Quality Marks Awarded 2018".Association of Payroll Giving Organisations.
  11. ^Taylor Wessing Global IP Index 2009
  12. ^GGFI
  13. ^"IT For The Not‑For‑Profit Sector".
  14. ^"Expertise – Search & Deploy"(PDF).
  15. ^"The Road to Long Finance: A Systems View of the Credit Scrunch"(PDF).
  16. ^"Price Of Fish".
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