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Fintech: Latest

  • The growing use of artificial intelligence (AI) and machine learning could dramatically reduce the amount of time and resources spent on sanctions checking.
  • Everything you thought you knew about blockchain is wrong. Rather than wait for the blockchain to re-engineer banking, the banks are going to re-engineer the blockchain. It will not be public, it will be private. And across the shared ledger there will not be that much sharing. In an atmosphere somewhere between excitement and paranoia, banks are trying to turn an existential threat into a competitive advantage.
  • Despite disparities between individual markets, the growth of electronification across Asian FX markets continues apace.
  • Bank FX trading platforms have moved closer to the platform-as-a-service model, although the technology’s market impact has been diluted by operational changes among the largest traders.
  • New Change FX is developing a peer-to-peer matching platform that will enable corporates to net down their portfolios and reduce their need to trade currencies with banks. But is this a stepping stone towards a full P2P FX exchange suitable for corporates, or is such a venue ultimately only of interest to retail traders?
  • Overall investment in FX technology has declined in line with the wider financial services sector over the last 12 to 18 months as banks focus on specific markets and business objectives. But there’s no shortage of innovation in banks’ proprietary or off-the-shelf platforms.
  • Despite the frenetic pace of innovation in transaction banking in recent years, a lack of viable investment products is resulting in low returns on corporates' large liquidity pools.
  • Treasurers have much to gain from the integration of decentralized ledger technology into traditional accounting environments.
  • As incumbent banks were hit by falling equity valuations in the first quarter of 2016, newly-founded fintech firms were debating how best to absorb the vast amounts of equity allocated to them by venture capitalists, how to manage these investors’ exuberant growth expectations and the best tactics for dealing with high private-equity valuations on the fintech sector. SyndicateRoom is one of the great success stories.
  • After a record year for fund raising, large fintech companies are now emerging in marketplace lending and payments, with many more newcomers deploying venture capital money raised in $25 million to $50 million chunks to transform capital markets and traditional banking mainstays such as mortgage lending. The fintech start-ups are building revolutionary applications for blockchain, attacking every specialist niche in the financial world and keeping the image of fintech clean with business ventures aimed at inclusion.
  • Corporate treasurers are showing increased interest in credit cards – with the payment data boosting working-capital management – but the benefits might not be available to every company.
  • The French payment API provider is becoming the partner of choice for crowdfunding and crowdinvesting platforms across Europe that the incumbent banks can’t or won’t serve.