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  • @fintechna 12:19 pm on December 3, 2016 Permalink | Reply
    Tags: Agent, , CoverWallet, Define, , ,   

    CoverWallet Could Define the Insurance Robo Agent Space 

      InsurTech is in its Cambrian Explosion phase, with lots of new ventures being created. However, we all know how tough the Series A Crunch is (data hounds can get their fix from Pitchbook, which shows 1,891 Angel/Seed rounds going to only 647 follow on deals). So we pay attentionRead More
    Bank Innovation

     
  • @fintechna 3:35 am on December 3, 2016 Permalink | Reply
    Tags: , , , , TopTrends, Workspace, Zeitalter   

    Workspace im Zeitalter der Digitalisierung – die 8 Top-Trends für 2017 

    Einer der wichtigsten Schauplätze der digitalen Transformation ist die Arbeitsumgebung des Wissensarbeiters – der Trend geht hier zu noch mehr Mobilität, Geräte und Personalisierung. Eine zukunftsweisende -Strategie kann dabei helfen, die Mitarbeiterproduktivität zu erhöhen, Kosten einzusparen und das Unternehmen als Arbeitgeber technologieaffine Young Professionals attraktiver zu machen. Oliver Bendig, CEO von Matrix42, erläutert die acht wichtigsten Entwicklungen, die für Unternehmen relevant werden.

    Workspace im Zeitalter der Digitalisierung – die 8 Top-Trends für 2017 fintech

    Oliver Bendig

    1. UX wie in der Consumer-Welt: Kontextbasierte und personalisierte Workspace-Services

    Als erfahrener digitaler Verbraucher gewöhnt sich auch der Wissensarbeiter an eine personalisierte Nutzungsumgebung – wie zum Beispiel eine automatisch generierte Playlist von Musik-Streamingdiensten. Eine ähnliche Adaption der Workspace-Technologie an die persönlichen Arbeitskontexte wird dem Wissensarbeiter in Zukunft dabei helfen, effizienter, produktiver und motivierter zu arbeiten. Mein Workspace wird in Zukunft wissen, wo ich bin, welches Gerät ich benutze, welche App bei der verfügbaren Bandbreite Sinn macht und welche Daten und Dokumente ich als nächstes benötige. Er wird meine persönlichen Vorlieben kennenlernen und sich darauf einstellen.

    2. Bald unerlässlich: Unified Endpoint Management

    Mitarbeiter verwenden heute mehr als ein Gerät für das Erledigen ihrer Arbeit. Aus diesem Grund gehen neue IT-Management-Technologien immer vom Nutzer aus, und nicht mehr vom einzelnen Gerät. Hierdurch wird die einheitliche Verwaltung von mobilen, traditionellen und hybriden Geräten für IT-Abteilungen immer wichtiger. Ein wesentliches Element hierfür ist das sogenannte Unified Endpoint Management, das die Verwaltung der Arbeitsumgebung für Administratoren unabhängig von den benutzten Geräten macht.

    Das Thema Unified Endpoint Management (UEM) hat bereits 2016 deutlich an Fahrt zugelegt und ist weiter auf Wachstumskurs: MarketsandMarkets prognostiziert dem globalen UEM-Markt bis 2020 eine durchschnittliche jährliche Wachstumsrate von 42,9 Prozent. Ein ganzheitliches Management der wachsenden Vielfalt an Geräten, Apps oder Cloud-Ressourcen ist unerlässlich, um dem Wissensarbeiter in Zukunft die Nutzererfahrung bieten zu können, die er aus dem digitalen Entertainment längst gewohnt ist.

    Workspace im Zeitalter der Digitalisierung – die 8 Top-Trends für 2017 fintech

    Enabling Workspace Through Unified Endpoint Management. Via SlideShare

    3. Cloud-basierter Workspace: Der Browser als neues Betriebssystem

    Ein elementares Element für die ist die Cloud – das gilt auch für den Workspace. Die persönliche Arbeitsumgebung wandert in die Cloud und lässt sich jederzeit und überall via Browser abrufen. Die Arbeitsumgebung verlässt damit ihren angestammten, festen Ort bzw. festes Gerät. Egal, wo ich mich befinde, welches Gerät ich benutze und wann ich arbeite – über einen Cloud Workspace habe ich jederzeit Zugang zu meiner Arbeitsumgebung, bestehend aus Apps, Dokumenten, digitalen Identitäten und Services. Arbeit wird also mehr und mehr zu einem Zustand, welchen der Wissensarbeiter jederzeit aktivieren oder deaktivieren kann – ganz unabhängig vom „Platz“.

    4. Enterprise Service Management – über die IT hinaus

    Was Bereitstellung und Verwaltung von Diensten betrifft, hat das IT-Service-Management in den letzten Jahrzehnten sehr effiziente Prozesse nach ITIL entwickelt und umgesetzt. Diese lassen sich mit einer flexiblen Service Management Lösung nun auch für die Prozesse außerhalb der IT nutzen. Durch die zunehmende Vernetzung von allem mit allem wird es für Unternehmen in Zukunft effizienter sein, die Best Practices und Funktionen des IT-Service-Managements auch für die Bereitstellung und Verwaltung von Diensten in anderen Service-Disziplinen zu nutzen, zum Beispiel im HR- oder Finanz-Bereich. So können in der Personalabteilung das On-Boarding eines neuen Mitarbeiters, Urlaubsanträge oder Krankheitsmeldungen durch eine „Servicifizierung“ automatisiert und optimiert werden.

    Workspace im Zeitalter der Digitalisierung – die 8 Top-Trends für 2017 fintech

    Via Pixabay

    5. Virtuelle Workspace-Assistenten

    Hat man anfangs noch über Siri gelächelt, weiß man heute, dass intelligente Spracherkennung tatsächlich funktioniert – und immer besser wird. Für den Workspace ergibt sich daraus enormes Potential. Schon bald werden wir alle mit intelligenten Super-Assistenten arbeiten, die einen Teil unserer Mails erledigen, Kurzzusammenfassungen von umfangreichen Dokumenten anfertigen oder eigenständig Hotels buchen, wenn wir auf Dienstreise gehen. Treffe ich einen Geschäftspartner erstmalig, wird er mir ein Social Media-Profil von ihm erstellen und mich für das Meeting briefen. Aus einer IT-Management-Perspektive kommen hierdurch neue Aufgabenstellungen auf die IT-Abteilungen zu, um die Sicherheit zu erhöhen und die Privatsphäre der Mitarbeiter zu schützen.

    6. Bildschirme überall – Gefaltet, gerollt oder projiziert

    Workspace im Zeitalter der Digitalisierung – die 8 Top-Trends für 2017 fintech

    Via Pixabay

    Arbeiten via Cloud und Browser-Zugriff macht die Arbeit in Zukunft prinzipiell über jedes Display möglich, das mit dem Internet verbunden ist. Beispielsweise kann auch das smarte TV-Gerät zuhause als Workspace genutzt werden. Außerdem wird sich das Konzept des faltbaren oder einrollbaren Bildschirms mehr und mehr durchsetzen. Darüber hinaus kann jegliche Form von Oberfläche zukünftig für eine Art Bildschirm verwendet werden und somit potentiell zu einer Erweiterung der Arbeitsumgebung werden.

    7. Neue Workspace-Möglichkeiten: Wearables und Co.

    Datenbrillen, Fitness-Armbänder oder andere Wearables werden zunehmend Einzug in die Arbeitswelt halten. Mögliche Einsatzbereiche sind das Gesundheitswesen, die Logistik oder das produzierende Gewerbe. Beispielsweise lassen sich Detailinformationen oder Prozessschritte für Service-Mitarbeiter via Datenbrille augmentieren. Und globale Meetings werden sich mittels Head-Mounted Display völlig real anfühlen.

    8. Smart Office: Internet der Dinge verbindet Workspace mit Gebäude-Infrastruktur

    Die Integration des Workspace-Managements mit der intelligenten Gebäudetechnologie schreitet weiter voran und ermöglicht effizientere Prozesse: Beispielsweise könnte eine Kalendereinladung in Zukunft auch eine ganze Prozesskette zur Organisation des Meetings starten, inklusive Raumbuchung, Vorbereiten von Beamer und Telefonanlage und sogar die Abstimmung der Heiztemperatur auf die Menge der Beteiligten.

     

    Featured Image: via Pixabay

    The post Workspace im Zeitalter der Digitalisierung – die 8 Top-Trends für 2017 appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
  • @fintechna 12:18 am on December 3, 2016 Permalink | Reply
    Tags: , Decentralized, , , , Sharing, Truly   

    Rideshare Looks to Blockchain for Truly Decentralized Sharing Economy 

    The has made it possible to “share” virtually anything: from cars, homes, loans, to doghouses (yes, that’s a real thing, check out Rover or DogVacay). Considered the trendsetter by many, Uber (see “uberization”) became synonymous with the notion of sharing economy, where consumers and service providers communicate amongRead More
    Bank Innovation

     
  • @fintechna 3:35 pm on December 2, 2016 Permalink | Reply
    Tags: , , , , , , , , , , , , ,   

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank 

    Keynote Speech at the 6th Central Banking Workshop 2016 by Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank.

    Introduction

    I would like to warmly welcome you to the 6th Central Banking Workshop. I am delighted that we have been able to attract such top-class speakers and participants to this event, who, given their experience and knowledge, are able to provide valuable contributions on what is a highly topical subject. This year, the workshop is about , which has generated a large swell of public interest, or even hype, one could say.

    With our workshop, entitled &;Blockchain technology – opportunities and challenges&8220;, we want to enable a lively exchange between researchers, practitioners and regulators. Each of these groups, in its own right, has a keen interest in this topic. But, as Ernst Ulrich von Weizsäcker once said: &8220;An exchange of views requires people to talk to each other, not about each other&;. In this spirit, I hope that we will have a stimulating exchange of views over the coming days.

     

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Blockchain technology is currently generating almost exuberant enthusiasm among , enterprises and public bodies. New initiatives and cooperation agreements on blockchain applications are being announced in the financial press on a near daily basis. This is not limited solely to banks and private enterprises, but also encompasses projects by governments and central banks.

    Examples of such cooperation agreements can be found on all of the world’s continents. Beside Fintechs and other startups, participants include the Bank of England, stock exchanges in the United States, Australia and Japan, as well as numerous commercial banks, to name only a few. Even an aircraft manufacturer, Airbus, is exploring blockchain for the purpose of process optimisation.

    Structure and Objectives of The Workshop

    How is it that a relatively complicated form of technical processing is generating such enthusiasm?

    In this workshop we want to address this question by talking about the possibilities that blockchain technology opens up and the this presents.

    This is anything but a trivial undertaking. Indeed, views on these possibilities and challenges vary greatly from person to person, but also among institutions. At present, there is no telling whether blockchain will supersede existing technology in a few years’ time. All the more reason, therefore, is to examine this technology and its implications in detail and gather key insights about it. This is true, not least, for central banks and regulators. So what lies behind this technology?

    Even when it comes to a basic definition, we see that the word blockchain is not always used to mean the same thing. Often, the term &8220;distributed ledger technology&8221; is used as a synonym for blockchain. If we regard distributed ledger technology as the principle behind distributed databases, blockchain represents a sub-category thereof. However, there is, as yet, no uniform definition of the term.

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Image: Stock market chart by bluebay via Shutterstock.com.

    An elementary understanding of the technology is a prerequisite for discussing its potential, which is why module 1, entitled &8220;Blockchain – basics, technological achievements and general potential&8221;, is dedicated to this question.

    Blockchain became known, above all, as the technology behind the . The term is derived from the fact that transactions are grouped together in &8220;blocks&8221;. These blocks are chained together through a complex mathematical procedure that is unforgeable and tamper-proof.

    Essentially, blockchain allows a ledger of transactions to be run on a decentralised basis within a network. The technology therefore enables the safe transmission of all manner of assets (not just bitcoin), without the need for confirmation from a central institution. With blockchain, reconciliation between participants occurs automatically. But what are we to do with this technical innovation?

    Plato once said that: &8220;Necessity is the mother of invention&8220;. But in the case of blockchain, we are seeing the exact opposite. The invention, ie blockchain, has already been born. Now people in many places are searching for the necessity – for the specific cases where it can be applied in practice.

    Blockchain-based technologies offer up the chance of simplifying complex intermediation processes for payment and settlement activities. Virtually all payment service providers are therefore currently looking for ways to apply this technology. Its use in payment transactions is an obvious choice, as the cryptocurrency bitcoin has already been created for this purpose.

    But does it make sense to use blockchain in this of all areas? And in what form should it be used in the area of payment transactions? These questions will be addressed in module 2 of the workshop: &8220;Possible business cases for payments&8221;.

    Payment transactions based on blockchain inevitably also raise the question of virtual currencies. Bitcoin was created shortly after the outbreak of the financial crisis and was intended to serve as a countermodel to the prevailing financial system. At first, bitcoin fired many people’s imagination and led some to expect a revolution in the financial system. It seemed conceivable that banks or even central banks could be bypassed and that a genuine &8220;gold standard&8221; could be created, based on bitcoin and independent of politicians and central banks. In addition to bitcoin, over 700 other virtual currencies have been created. However, none of these virtual currencies have managed to move beyond a niche existence.

    The blockchain used to transmit bitcoins needs to be considerably altered to make it suitable for financial transactions. It is unclear whether the core problems of blockchain in terms of performance, scalability and security can be solved to allow a broad market rollout.

    The question of the future of bitcoin and digital currencies in general will be examined in more detail in module 3: &8220;Bitcoin – a promising alternative for payments?&8221;

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Image credit: Golden Bitcoins by Julia Tsokur via Shutterstock.com

    It is interesting to see how the public debate has developed since the early days of bitcoin. Efforts are now centred on evolving blockchain into a basic technology capable of facilitating allocation processes across companies. The potential users of this technology are often precisely those institutions which the creation of bitcoin was originally designed to make superfluous.

    In addition to its application in payment transactions, numerous blockchain-based applications are being developed for securities settlement. Possible advantages from the use of blockchain technology arise not only from the technology itself, but also through process optimisation and potential disintermediation in this area.

    Securities settlement has improved considerably in recent years, especially in Europe. However, this development is not yet complete, as the settlement landscape remains complex and is characterised, in part, by convoluted processes. Although we trade securities within nanoseconds, we need several days to settle these transactions.

    We will take a closer look at securities settlement in module 4, entitled &8220;Possible applications and its potential in the post-trade industry&8220;.

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Image credit: Bitcoin by 3Dsculptor, via Shutterstock.

    These numerous questions and potential radical changes on the financial markets present us, as a central bank, with particular challenges – in payment transactions, securities settlement and beyond. The workshop therefore focuses on the special role of central banks in module 5, entitled &8220;Blockchain – a central bank perspective&8220;.

    As a central bank, we are faced with the question of how to deal with blockchain technology. In settlement, we are affected in two ways. As an operator of central payment and securities settlement systems, we also need to think about the future development of these infrastructures, despite the high performance systems already in existence. Blockchain-based technologies must be integrated in such a way that they provide added value. Indeed, as entrepreneur and politician Philip Rosenthal once said: &8220;He who ceases to be better, ceases to be good&8220;.

    From the perspective of oversight, we need to keep a careful watch on current developments and intervene if necessary. A deep technical understanding is necessary in order to respond appropriately to new business models from a regulatory perspective.

    The two decisive criteria that we need to measure distributed ledger and other new technologies by are the following.

    &; First, does using the new technology improve the security of the systems or at least not make it worse?

    &8211; And second, does the use of new technologies increase the efficiency of financial market infrastructures?

    Current Developments and Outlook

    Many enterprises and institutions currently working on blockchain-based solutions expect to reap great benefits from them. Blockchain technology holds out the promise of cost savings, de-risking potential and efficiency gains. This includes, among other things, the automation of work-sharing processes as well as faster processing and the fulfilment of contractual obligations via smart contract solutions.

    One positive effect that can already be seen is industry-wide cooperation. Dialogue between various market participants on future market developments can foster mutual understanding and facilitate the harmonisation of processes. This makes it possible to adequately react to the challenges posed by new technologies. This is of importance in the financial industry, in particular, which is characterised by network effects.

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Via Pixabay

    That said, one should not simply gloss over the challenges and weaknesses posed by the technology.

    The requirements imposed on regulated providers cannot currently be met by blockchain technology, or can only be met with difficulty. This concerns, for example, the question of how to engineer absolute finality. Furthermore, the know-your-customer requirements need to be observed and the confidentiality of transaction data must be ensured. This is also a reason why the regulatory status of blockchain technology in many countries is still unclear.

    Furthermore, despite the supposedly greater resilience of its decentralised structure, blockchain still has high obstacles to surmount before it can be applied across the board, owing to its susceptibility to manipulation. Recent hacker attacks are a case in point.

    This is another reason why the debate has largely shifted from open blockchain applications, such as bitcoin, to closed networks with a limited circle of participants.

    Conclusion

    Inefficiencies are often perpetuated not by a lack of technology, but by (historical) structures. Blockchain technology is therefore not a patent solution for change, but it does provide an opportunity to make change.

    Disruptive technologies require time to develop, mature and unfurl their full potential. Not every innovation succeeds, though, and it remains to be seen how the application of blockchain technology will develop.

    Following the revolutionary beginnings with bitcoin, the prevailing view now seems to be that blockchain applications will spread rather more gradually. One might therefore speak of evolution rather than revolution. Before we can even ask questions about the broader use of this technology, we must first be sure that using this new technology is at least as secure, efficient and cost-effective in financial transactions as conventional technology.

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Image: Global Bitcoin Network by Oez, via Shutterstock.

    Blockchain technology could become a game changer, in the financial industry and, perhaps in particular, beyond. The potential of blockchain technology is often compared to that of the internet. It should be remembered that it took some time before the truly beneficial applications of the internet emerged. With blockchain, we are only at the very beginning of a potential development of this kind.

    Innovations are the lifeblood of a continually developing economy. Moreover, evolution processes are never linear. The first great wave of euphoria, which was also seen in the media, is being followed by a phase of checking, weighing-up and consolidation, before new offers and technologies are rolled out on a broad scale.

    Ladies and gentlemen, Goethe once said: &8220;We know accurately only when we know little; with knowledge doubt increases.&8221;

    My impression is that with the increasing efforts being devoted to blockchain technology, doubts will also increase as to whether this technology can meet the expectations being placed on it, which in some cases are extremely high. The question that we want to examine in more detail in this workshop is what specific doubts we have and whether the technology can overcome them.

    I would like to conclude by wishing you all an interesting and, above all, informative workshop.

    Thank you very much for your attention.

     

    About Carl-Ludwig Thiele

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Carl-Ludwig Thiele &8211; Executive Board of the Deutsche Bundesbank

     

     

     

     

     

     

     

     

     

    The post Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 12:18 pm on December 2, 2016 Permalink | Reply
    Tags: , , , , Having, ,   

    Why Having No Customers Could Be The Best Thing for Your Fintech Startup 

    In Malcolm Gladwell’s book “David and Goliath: Underdogs, Misfits, and the Art of Battling Giants”, Gladwell asks his readers to reframe the classic biblical battle of David and Goliath. Rather than say David won despite his disadvantages in height and size, he argues David’s disadvantages should rather be seen asRead More
    Bank Innovation

     
  • @fintechna 3:36 am on December 2, 2016 Permalink | Reply
    Tags: , , , , inGame, Items.   

    First Exchange for in-Game Items. 

    Hamburg-based firm Naga Group AG and Deutsche Börse Group are to launch the global for virtual gaming products. The two companies have set up joint venture firm Switex GmbH which will launch the world’s first neutral, secure and reliable platform for the exchange and trade of in-game items.

    The management team of Switex will comprise the founders of the Naga Group, Yasin Qureshi and Benjamin Bilski, who will serve as Managing Directors of Switex. Christoph Brück from Naga Group, Victor Hugo Gomez from Deutsche Börse and Nikolay Kolev from Deloitte Digital Ventures will join the advisory board.

    First Exchange for in-Game Items. fintech

    The in-game market is estimated to be worth over 46 billion USD a year and has seen steady annual growth of over ten percent in the recent past. But at the moment there are few opportunities for players to legally trade game items.

    Yasin Qureshi, CEO Naga Group and CEO Switex, said: “We believe that there is a great demand in the gaming community to trade in game items in a fair, secure and legal environment. We will give gamers the chance to monetize the values they have earned through their skills and efforts.”

    Naga Group Executive Director Christoph Brück added: “We are proud to announce this cooperation and strongly believe that, with the support of Deutsche Börse, we will create a new standard for trading virtual items.”

    First Exchange for in-Game Items. fintech

    “The entrepreneurial team at the Naga Group has strong know-how and industry expertise. We look forward to helping them develop the platform and to providing our market infrastructure expertise,” said Victor Hugo Gomez, Senior Vice President, DB1 Ventures, Deutsche Börse.

    “We are pleased to bring in and leverage Deloitte&;s network and expertise to support the venture together with Deutsche Börse,” added Nikolay Kolev, Managing Director Deloitte Digital Ventures. Deutsche Börse AG holds a minority stake in Switex. Naga specializes in disruptive financial trading technologies and is the maker of SwipeStox, its first open API social trading app where users traded more than 5 billion euros within 3 months after launch.

    The post First Exchange for in-Game Items. appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
  • @fintechna 12:19 am on December 2, 2016 Permalink | Reply
    Tags: , , CardinalCommerce, Smoother,   

    Visa to Acquire CardinalCommerce for Smoother Authentication 

    is set to e-commerce payment company , which provides data to card issuers for increased online transparency, it was announced today. “At Visa our goal is really to jumpstart the [e-commerce] industry,” said Mark Nelson, senior vice president of risk and authentication products at Visa. “By partnering withRead More
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  • @fintechna 8:54 pm on December 1, 2016 Permalink | Reply  

    Integration of digital capabilities with existing processes to enhance client engagement and reach new segments in wealth management 

    Integration of digital capabilities with existing processes to enhance client engagement and reach new segments in wealth management event

    Wealth management has been with us for years, and it is known as a really old industry in finance sector with a lot of emphasis on face-to-face communication and working directly with clients. However, we live in a digital age where technologies are becoming a significant part of our everyday life. It is harder for more established sectors to adjust to these unavoidable changes, but there are few fundamental reasons why digital integration in wealth management is so vital.

    Arena International and Verdict Financial are pleased to announce the launch of the inaugural Digital Integration in Wealth Management conference, taking place in London, 15th-16th February 2017. This exciting new event will be the only meeting to focus specifically on how wealth management firms and private can integrate digital capabilities with existing processes to enhance client engagement and reach new segments.

    We listed few themes and problems for you to have a sneak into some of the themes of the Digital Integration in Wealth Management conference in February 2017.

    1.      If you want to stay a leader in the industry, external changes and trends cannot be ignored

    Digital transformation in wealth management is happening now, therefore those companies that fail to adjust to these changes and implement new strategies will not have a competitive advantage that digital-friendly businesses do. Digital integration in wealth management is the only event so far focusing on capabilities with existing processes to become more competitive at this time.

    1.      Disruptors in wealth management

    Wealth management has to be handled in a different way than decades before as we see so many disruptors in the market. Starting with smart phones and tablets that are part of majorities everyday life now. -advice cannot be ignored either, as computer-facilitated processes are more reliable as they help to avoid human error and save time. Finally, target market itself is becoming a disruptor, bearing in mind that more and more millennials are demanding wealth management services.

    1.      Better allocation of resources

    Finally, wealth management businesses are more competitive if they maximise the effectiveness of their resources. There is a new segment of customers known as the Mass Affluent (MA) group. Even though the definition for MAs can range a lot, it is estimated that anyone with liquid assets of £35k or above would be considered to fit into this category. Digital can help with this new segment and allow focus on both MAs and HNW client base.

    All in all, digital integration in wealth management is important in order to stay competitive in the in industry. With so many disruptors in the market it will help to foresee challenges and explore opportunities, and finally to help wealth management companies to manage their time and resources in more efficient manner. In order to explore the importance of digital changes attend our conference. If you want to request more information, do not hesitate and email our team.

    The 1st Annual Digital Integration in Wealth Management conference promises to offer delegates the opportunity to discover new strategies to face the most prominent challenges when integrating digital into their organisation. Extensively researched with the support of the leading European firms and private banks, this year’s program will comprehensively cover how your organisation can integrate digital capabilities into your existing business.

    If staying competitive and relevant in today’s digitally driven world is at the top of your agenda, then join us in February for a content-packed two days of discussions from the digital leaders in wealth management.

    Integration of digital capabilities with existing processes to enhance client engagement and reach new segments in wealth management event

     
  • @fintechna 3:35 pm on December 1, 2016 Permalink | Reply
    Tags: , , ,   

    FinTech-Regulierung in der Schweiz; Von FinTech zu RegTech 

    Nachdem nun ein Ansatz für die regulatorischen Rahmenbedingungen für den Markteintritt von -Unternehmen ausgearbeitet worden ist, sollen auch die für den laufenden Geschäftsbetrieb einzuhaltenden Regulierungsanforderungen möglichst effektiv und effizient umgesetzt werden können.

    Dies ist naturgemäss nicht nur ein Anliegen von FinTech-Unternehmen, sondern auch von den traditionellen (regulierten) Teilnehmern im Finanzmarkt. So besteht ein Lösungsansatz darin, mittels technologischen Lösungen die regulatorischen Anforderungen möglichst kosteneffizient umsetzen zu können, um sich so den Mitbewerben gegenüber einen Wettbewerbsvorteil zu verschaffen.

    Als Schlagwort dazu hat sich der Ausdruck «» etabliert, welcher von der Finanzmarktaufsicht des Vereinigten Königreiches als «a sub-set of FinTech that focuses on technologies that may facilitate the delivery of regulatory requirements more efficiently and effectively than existing capabilities» definiert worden ist.

    FinTech-Regulierung in der Schweiz; Von FinTech zu RegTech fintech

    FinTech-Unternehmen (sowie auch andere Marktteilnehmer), welche berufsmässig fremde Vermögenswerte annehmen oder aufbewahren oder helfen, sie anzulegen oder zu übertragen, gelten als Finanzintermediäre nach Art. 2 Abs. 3 GwG. Diese müssen strenge Sorgfalts- und Meldepflichten einhalten. Dazu gehören z.B. die Pflicht zur Identifizierung der Vertragspartei (ab gewissen Schwellenwerten und in unterschiedlicher Intensität), Abklärung der Hintergründe einer ungewöhnlichen Transaktion oder unterschiedliche Dokumentations- und Organisationspflichten.

    Diese als Beispiele genannte Pflichten können nun manuell oder in unterschiedlichem Umfang durch technologischen Lösungen erfüllt werden. Mittels automatisierten und semantischen Suchen können umfangreiche private und öffentliche Datenquellen zielgenauer durchsucht und der manuelle Review auf ein Minimum reduziert werden um Know Your Customer-Anforderungen zu erfüllen.

    Transaktionsüberwachungs-Lösungen, welche in Echtzeit und automatisiert mögliche geldwäschereirelevante Tatbestände erkennen, reduzieren ebenfalls den manuellen Überwachungsaufwand.

     

    FinTech-Regulierung in der Schweiz; Von FinTech zu RegTech fintech

     

    Neben diesen zwei beschriebenen Einsatzmöglichkeiten im Bereich der Geldwäschereibekämpfung hat das Institute of International Finance weitere Anwendungsbereiche für RegTech-Lösungen identifiziert. Dazu gehören

     

    • Risikodaten-Aggregation für regulatorische Reportings

    • Modellierungen sowie Szenario-Analysen und Prognosen für Stresstests und Risikomanagement

    • Analyse des Verhaltens und der Organisationskultur zwecks Erkennung von Marktmissbrauch oder anderen Fällen von Wirtschaftskriminalität oder die Analyse des Umganges mit Kundenbeschwerden

    • Umsetzung der vielfältigen Anforderungen an den Handel von Finanzinstrumenten

    • Erkennung von regulatorischen Entwicklung mit Auswirkung auf das eigene Unternehmen sowie Feststellung der Auswirkungen für die entsprechenden Geschäftseinheiten

     

    FinTech-Regulierung in der Schweiz; Von FinTech zu RegTech fintech

    Während kurzfristig die Automatisierung von einfacheren Compliance-Prozessen umgesetzt werden kann, weitet sich der Anwendungsbereich von RegTech durch die technologische Entwicklung in den Bereichen künstliche Intelligenz, maschinelles Lernen und Robotik weiter aus.

    Der Aufwand für Compliance und Risikomanagement kann durch RegTech gesenkt werden und regulierte (FinTech-)Unternehmen können die dadurch freigewordenen Ressourcen für die Entwicklung von Innovationen in ihrem Kerngeschäft nutzen. Dadurch kann der Finanzplatz als Ganzes gestärkt werden um sich optimal im globalen Wettbewerb zu positionieren.

    Der Autor analysiert gegenwärtig vertieft RegTech-Einsatzmöglichkeiten und erweitert den vorliegenden Beitrag zur gegebenen Zeit. Inputs dazu sind willkommen.

     

    Featured Image: via Fotolia

    The post FinTech-Regulierung in der Schweiz; Von FinTech zu RegTech appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
  • @fintechna 12:18 pm on December 1, 2016 Permalink | Reply
    Tags: Ayondo, Cheap,   

    Fast and Cheap IPO On SGX: Ayondo 

    Are you preparing a roadshow, the conventional way of accessing public markets by selling shares? Are you using an investment bank to take care of the messaging, positioning and pricing of the deal? This capital raising route typically means aiming for a listing on one stock exchange, which is typicallyRead More
    Bank Innovation

     
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