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  • @fintechna 7:17 am on May 11, 2017 Permalink | Reply
    Tags: , , , , solutions,   

    Who’s Who in Alternative Banking Solutions 

    Open , virtual branches, machine learning, and AI &; these are just some components of the banking puzzle. Digital-first upstarts that provide alternative lending have now proved to the banking world that they are as good (if not better) at attracting, underwriting, and servicing customers, when compared to traditional peers. What’s more important, [&;]
    Bank Innovation

     
  • @fintechna 12:18 am on March 19, 2017 Permalink | Reply
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    Fifth Third to Enable Payments Advisory Solutions for Corporate Clients 

    is an important part of any bank’s business. But for some, like , payments business is an area of differentiation. In 2016, revenue from payments business made up 15% of the bank’s total revenue, at $ 973 million. The bank processes 680 million in annual transactions, and $ 32 billion in annual spend,  Tim Spence, [&;]
    Bank Innovation

     
  • @fintechna 6:41 pm on October 13, 2016 Permalink | Reply
    Tags: , , , solutions,   

    UN Considers Blockchain in Search for Sustainability Solutions 

    is set to be discussed during a meeting at the United Nations today centered on sustainable development.

    Source

    UN Considers Blockchain in Search for Sustainability Solutions fintech
    CoinDesk

     
  • @fintechna 6:41 pm on October 13, 2016 Permalink | Reply
    Tags: , , , solutions,   

    UN Considers Blockchain in Search for Sustainability Solutions 

    is set to be discussed during a meeting at the United Nations today centered on sustainable development.

    Source

    UN Considers Blockchain in Search for Sustainability Solutions fintech
    CoinDesk

     
  • @fintechna 3:35 pm on September 19, 2016 Permalink | Reply
    Tags: , , , , , , solutions,   

    19 Swiss Banks As Solutions For Fintech Challenges 

    Die Schweiz hat mehr und mehr Startups und Initiativen. Schweizer Banken versuchen aufzuholen oder sich gegen grosse Player zu positionieren (bspw. ApplePay) und haben eine Vielzahl von (Gegen)-Initiativen gestartet. Teils zusammen mit den Fintech Startups oder im Alleingang.

    Luc Schuurmans hat in einen kürzlichen Tweet eine &; 19 Answers to the Fintech Map&8221; präsentiert die wir hier gerne zeigen.

    Digital Wealth Management

    19 Swiss Banks As Solutions For Fintech Challenges fintechDer Investomat ermöglicht themenorientierte Anlagen ab 5&;000 Franken im Rahmen von Exchange Traded Funds (ETF). Das Cockpit ermöglicht die Simulation, laufende Transaktionsübersicht und historische Wertenwicklung des gewählten Profils.

     

    Kontomat19 Swiss Banks As Solutions For Fintech Challenges fintech: Der Kunde kann Kündigungsfristen beim Sparkonto und Laufzeiten bei Festanlagen beliebig bestimmen und kombinieren. Einfache Benutzerführung und gut verständliche Funktionen machen die Lösung leicht bedienbar und sichern jederzeit die vollständige Uebersicht beim Sparen und Anlegen bequem von zu Hause aus.

     

     

    Swissquote: vergessen ging in seiner Aufstellung hier noch das E-PrivateBanking von Swissquote

    Payments

    19 Swiss Banks As Solutions For Fintech Challenges fintechPaymit ist ein Zahlungsmittel, welches das Senden und Anfordern eines Geldbetrags mit dem Smartphone zwischen zwei Privatpersonen (P2P = Person to Person) sowie das Bezahlen von Waren und Dienstleistungen in Geschäften (P2M = Person to Merchant) in Echtzeit ermöglicht. Paymit ersetzt somit das Bargeld in vielen alltäglichen Situationen. Mit Paymit können Sie zum Beispiel Wohngemeinschafts-Einkäufe oder Restaurant-Rechnungen unter Ihren Freunden oder Bekannten teilen. Zunehmend ist der Einsatz von Paymit auch bei Kleinhändlern möglich.

    19 Swiss Banks As Solutions For Fintech Challenges fintech

     

     

    Twint ist eine Payment- und Shopping-App. Egal, ob an der Ladenkasse, im E-Commerce, an Automaten oder zwischen Freunden. Mit TWINT zahlst du einfach mit dem Smartphone und profitierst gleichzeitig von attraktiven Angeboten und Shoppingtipps. Das ist praktisch und sicher zugleich. Die Händler profitieren von günstigen Transaktionskosten sowie einer neuen mobilen Marketingplattform.

     

     

    Credit

    19 Swiss Banks As Solutions For Fintech Challenges fintech Hypomat ist ein Vertreter der jungen Generation der Online-Hypotheken. Hier finden Sie eine Übersicht über dessen Produktwelt. Wer die Zinsen und Produkte der Schweizer Anbieter von Hypotheken vergleicht, bei mehreren Instituten Offerten einholt und auf deren Basis nachverhandelt, kann über die Jahre tausende von Franken sparen. Ein wichtiger neuer Anbieter ist Hypomat, der die Online-Hypotheken Sparte der Glarner Kantonalbank darstellt.

     

    19 Swiss Banks As Solutions For Fintech Challenges fintech

     

     

    FRiBenk. Online-Hypothek mit sofortigem und verbindlichem online Kreditentscheid. Günstige Zinsen. Transparente Konditionen. Keine versteckten Zusatzkosten

     

     

    19 Swiss Banks As Solutions For Fintech Challenges fintech

     

     

    DigiHyp. 0.3% Zinsvorteil mit digihyp, der Online-Hypothek der Bank Coop. Bis 2 Jahre im Voraus den tiefen Zins sichern. Sofortangebot innerhalb weniger Minuten.
    19 Swiss Banks As Solutions For Fintech Challenges finteche-hypo ist das Online Hypotheken Angebot der Schwyzer Kantonalbank. Hier finden Sie einen Überblick über deren Hypo-Produkte. Speziell ist: e-hypo löst nur bestehende Hypotheken ab, offeriert also keine Neuhypotheken. Wer die hiesigen Hypotheken Anbieter vergleicht, mindestens drei Offerten einholt, dabei sowohl Banken als auch Versicherungen mit einbezieht und die Offerten konsequent nachverhandelt, kann über die Laufzeit eines Immobilienkredits tausende von Franken sparen.

     

     

    19 Swiss Banks As Solutions For Fintech Challenges fintech
    Die HomeGate AG mit Sitz in Zürich ist ein Schweizer Internetunternehmen und Betreiberin des gleichnamigen Immobilienportals. Sie gehört der Tamedia in Zürich sowie der Edipresse Publication Romandie in Lausanne. Neben dem Betrieb eines Immobilien-Marktplatzes mit verschiedenen Zusatzfunktionen publiziert Homegate auch einen monatlichen Mietzins-Index.

     

    Advice

    19 Swiss Banks As Solutions For Fintech Challenges fintech

     

    UBS ist eine der 30 Grossbanken, die vom Financial Stability Board (FSB) als «systemically important financial institution» (systemisch bedeutsames Finanzinstitut) eingestuft wurden. Sie unterliegt damit einer besonderen Überwachung und strengeren Anforderungen an die Ausstattung mit Eigenkapital. Die Eidgenössische Finanzmarktaufsicht (FINMA) nimmt die Aufsichtsfunktion wahr.

     

     

    19 Swiss Banks As Solutions For Fintech Challenges fintechCredit Suisse ist eines der grössten global tätigen Finanzdienstleistungsunternehmen mit Hauptsitz in Zürich. Die Bank ist eine der 30 Grossbanken, die vom Financial Stability Board (FSB) als «systemically important financial institution» (systemisch bedeutsames Finanzinstitut) eingestuft wurden. Sie unterliegt damit einer besonderen Überwachung und strengeren Anforderungen an die Ausstattung mit Eigenkapital.

     

    19 Swiss Banks As Solutions For Fintech Challenges fintechDie Baloise Bank SoBa AG mit Sitz in Solothurn ist fest im Kanton Solothurn verankert. Mit der Übernahme der Solothurner Bank SoBa &; vormals Solothurner Kantonalbank &8211; durch die Baloise Group im Jahre 2000 und der folgenden Implementierung des partnerschaftlichen Geschäftsmodell erhielt die Baloise Bank SoBa dank dem Aussendienst der Basler Versicherungen Zugang zu einem schweizweiten Vertriebsnetz.

     

    19 Swiss Banks As Solutions For Fintech Challenges fintechBank Linth mit Sitz in Uznach ist eine stark im Linthgebiet und am oberen Zürichsee verankerte Schweizer Universalbank. Sie beschäftigt 256 Mitarbeiter und hat eine Bilanzsumme von 5.099 Milliarden Schweizer Franken (per Ende 2011). Das Unternehmen ist an der Schweizer Börse SWX Swiss Exchange kotiert und befindet sich seit 2007 zu 74,2 Prozent im Besitz der Liechtensteinischen Landesbank.

     

    19 Swiss Banks As Solutions For Fintech Challenges fintech

     

    YNOME is a digital marketplace which helps you review, compare, and select financial services from private banks to fintech&8217;s.

     

    Funding

    19 Swiss Banks As Solutions For Fintech Challenges fintechMiteinander-erfolgreich ist die Crowdfunding-Plattform der Basellandschaftlichen Kantonalbank BLKB zur Finanzierung von Projekten und Ideen in der.

     

     

    19 Swiss Banks As Solutions For Fintech Challenges fintechI Believe in You. ibelieveinyou.ch ist die erste Crowdfunding-Plattform, die sich ganz auf die Finanzierung von österreichischen Sportprojekten spezialisiert. Einzelsportler, Mannschaften, Freizeit-, Breiten- oder Spitzensportler, Vereine oder Veranstalter können über die Plattform ihre Projekte bekannt machen und finanzieren. Außerdem soll so dem österreichischen Sport Zugang zu bisher nicht erschlossenen privaten Mitteln verschaffen und die Solidarität der Bevölkerung für den österreichischen Sport fördern.

    19 Swiss Banks As Solutions For Fintech Challenges fintech

     

     

    LokalHelden: die Spendenplattform für Vereine und gemeinnützige Organisationen. Ein Engagement von Raiffeisen.

     

    Other

    19 Swiss Banks As Solutions For Fintech Challenges fintech

     

    Die Hypothekarbank Lenzburg mit Sitz in Lenzburg ist eine stark im Kanton Aargau verankerte Schweizer Regionalbank. Sie beschäftigt 216 Mitarbeiter und hatte per Ende 2014 eine Bilanzsumme von 4,548 Milliarden Schweizer Franken. Das Unternehmen ist an der Schweizer Börse SIX Swiss Exchange kotiert.

     

     

    19 Swiss Banks As Solutions For Fintech Challenges fintech

    Crowders.ch crowders.ch ist eine elektronische Plattform, auf der Einsteiger, Kenner und Spezialisten die Kursentwicklung der Swiss Leader-Index-Titel (SLI®) prognostizieren. Der SLI®-Index umfasst die 30 liquidisten und grössten Schweizer Aktientitel.

     

     

     

    19 Swiss Banks As Solutions For Fintech Challenges fintech

    The post 19 Swiss Banks As Solutions For Fintech Challenges appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
  • @fintechna 12:40 pm on September 14, 2016 Permalink | Reply
    Tags: , , , , , , solutions   

    Congressional Proposal Seeks Blockchain Solutions for Health Fraud 

    A US congressman has proposed that the country’s administration for veterans affairs use to track medical appointments.Congressional Proposal Seeks Blockchain Solutions for Health Fraud fintech
    CoinDesk

     
  • @fintechna 8:29 pm on August 27, 2016 Permalink | Reply
    Tags: , , solutions,   

    Is it the Blockchain or the Blockchain Solutions that are struggling in the Financial Services? 

    While the concepts and potential of distributed ledger or are becoming better known, the implementation of them in the financial services has run into some fundamental challenges.

    Is this a fundamental shortcoming of blockchain concepts in general or the current solutions?

    What if there was a new blockchain methodology approach that mitigated the challenges by design as opposed to the current approach of iterative improvements on current, available solutions with diminishing or unrealizable returns?

    The current solutions tackle the issue of confirming a shared ledger by different means.

    • Proof of Work – puzzle solving
    • Proof of Consensus – majority participant voting
    • Proof of Stake – majority value voting

     

    Problem 1: Speed and Logistics

    Beyond the computing power that is required to run these methodologies, all of them introduce latency, capacity constraints, throughput limitations and ever expanding active memory requirements (i.e. scalability issues) on the networks that run them. Current innovations are attempting to speed these processes up or bi-pass them. Some of these methods include:

    Sharded consensus – a divide and conquer mechanism for quicker, fragmented consensus.

    Lightning Networks – transactions agreed off the chain and then recorded to the chain later.

    For their benefits, do these solutions introduce more risk as it relates to control, integrity and protection from malfeasance?

    The core processing of a distributed ledger is the creation and sharing of contracted transfers of value and updates to a shared ledger that records positions of value through those agreed transactions.

    Although it sounds counter-intuitive or even improbable, if there was a means to confirm a ledger’s integrity by the transactions alone and without the need either to gain consensus with other network participants or to involve the network in puzzle solving problem, the computing power of the network would only be dedicated to processing and verifying transactions. The latency, capacity and throughput of the network would then be purely a function of the network participants’ processing and communication hardware.

     

    Problem 2: Reality (Securities and Transactions)

    Cryptocurrencies are wonderful because they are not “perfected” (i.e. held and proven to exist) by a central authority. Any national currency is perfected by a central bank and any security is perfected by a depository, sub-custodian or transfer agent. Any blockchain solution that deals with securities, which are not issued into and perfected by that blockchain’s network, has to have a relationship with the securities’ perfecting entities or it will not work.

    Looking at the publicized blockchain solutions that are being built, they primarily focus on:

    • Repo
    • Syndicated Loans
    • Credit Default Swaps
    • Payments

    The properties that these transactions and markets all have in common is that they are:

    • OTC transactions of…
    • … unregistered securities…
    • …that have a low volume per transacting party and…
    • … predominantly only involve cash transactions.

    These represent the least complex use cases in the industry. However, in most cases, they still have to allow for the posting of collateral or the transacting in the underlying securities and those positions must easily be settled between the blockchain solution and the current markets in conjunction with the securities’ “perfecting” entities.

    While a blockchain solution for the above products may provide benefits, they will be customized rather than holistic and translating them to other types of transactions will be very difficult. Regardless, beyond flexibility, have they solved for the prior issues including: capacity, throughput, latency, ever expanding accessible memory requirements (i.e. scalability issues) and confidentiality?

    The financial services businesses are demonstrably very parochial when it comes to products and functions in the industry. Most of the solutions are customized and pursue implementation paths of least resistance. These practices and behaviors will not create an optimal blockchain solution.

    Is it the temptation to take an off-the-shelf solution and inflexibility that is preventing the realization of a realizable, innovative solution?

    In all the publicized solutions, there are also real, unaddressed challenges of how the market actually works – including short transactions and financing. The obvious use case is market making but what about a Fund Manager selling a security that is on loan by his/her custodian to a Broker who sold it short for margin financing to a Hedge Fund and the settlement of that sale was to a broker who sold it to another investor whose money, for now, is in a money market fund, not in his/her custodial bank account?

    What distributed ledger entry do you reference for securities and cash that you don’t own or can’t point to at the moment of execution?

    Without a consideration for all the above issues, any blockchain solution for the financial services comes up short (no pun intended).

    After a presentation, earlier this year, by William Mougayar, renowned author of “The Business Blockchain” (available on YouTube: https://www.youtube.com/watch?v=l5hK4YKxPSo ), the moderator’s first question after the presentation (at 18:45 into the video) was “What about the scaling issue?”. Mougayer’s response was telling. He basically said that this was a known issue and there are smart engineers working on it and someone will solve for it.

    While altruistically optimistic but not definitive, does that response and the questions above about current solutions’ shortcomings make an extract from a Gartland and Mellina Group press release, made earlier in the year, worth a second read?

    “Blockchain , the new frontier in transaction processing, offers powerful real-world financial applications but presents a number of challenges that must be overcome before it can be adapted to securities transactions. Secure, near real-time trading, settlements, and reporting would significantly reduce the capital requirements and costs associated with enterprise processes and brokerages currently use for post-trade operations.

    Principals at Gartland & Mellina, a management consulting firm focused on the financial services industry, have been engrossed in the research and development of this new blockchain technology application to better approach future client and industry needs. GMG’s Managing Director and Blockchain Solutions Lead in the Financial Services Strategy and Solutions Practice, Paul Dowding, explains, “By understanding the current utilization of blockchain as used in cryptocurrencies, we identified the core challenges involved in applying the technology to the financial services industry as a whole. By resolving these challenges, we were able to design a unique, holistic set of blockchain solutions for the whole industry that is product, transaction and functionally agnostic.”

    GMG’s solution solves the core challenges of applying blockchain technology to the financial services industry by offering:

    1. Flexibility for Coding and Control: We designed a mechanism to create complex, multi-leg, dependent transactions within the primitive, (stacking, read-write, conditional flow) coding logic of blockchain technology
    2. Scalability & Volume: Our innovative blockchain ledger design and approach handles the significant memory, capacity and volume requirements of a high volume and high capacity continuous record
    3. Anonymity and Integrity: The GMG blockchain has the means to retain client and trade confidentiality, even on a shared ledger
    4. Suitable Blockchain Methodology: GMG maintains ledger integrity through a new real time, high volume, low latency processing design
    5. Contingent, transaction legs: We created a flexible option securing the settlement of dependent transfers of different assets such as DVP/RVP (sell-side fills and buy-side allocations), collateral substitution and FX
    6. Financing & liability-driven assets: Our blockchain solution accommodates lending, collateralized and default transactions
    7. Non-Ledger referenced transactions: The blockchain allows for future dated, accrued and short transactions
    8. Interface with Current Markets: Asset value can be transferred between the blockchain and current markets
    9. Interoperability: GMG created a product, process, functional and blockchain agnostic environment
    10. Current Regulatory, Risk, Credit, Custody, Performance & Accounting Reporting: Data acquisition and interpretation is significantly enhanced by blockchain ledgers

    This revolutionary design and approach helps GMG overcome many of the challenges facing the financial services industry today. It addresses growing industry needs for superior security, enhanced data acquisition, quicker transaction times, scalability, and lower costs. John Gustav, Partner of Financial Services Strategy and Solutions at GMG said, “Blockchain technology is considered by many to be the key ingredient to disruption within the financial services industry. It certainly has the potential to create a paradigm shift similar to the way the internet did. Our holistic, product-agnostic approach to blockchain is very different from the other publicized solutions within the financial services industry at this time.”

    With blockchain technology, a decentralized network stores the value of all investor assets in encrypted records. This allows contractual transactions, transfer of value, safekeeping and settlement for asset positions to occur digitally in near real-time without the need for a trusted third party. As forging a transaction, stealing or double spending requires overpowering a majority of the computers across the decentralized network at the exact same time, blockchain has an inherent level of security unavailable anywhere else. “Our patents include a generic mechanism to translate financial services transactions into the blockchain’s simple logic and secure code,” Dowding continued. “Benefits include significant cost reduction, near-real-time settlements, new business, product and revenue opportunities and process, and balance sheet and capital efficiencies.” GMG is currently in discussion with different parties to leverage and develop blockchain capabilities as a utility.”


      is Managing Director, Financial Services Strategy & Solutions Practice at Gartland and Mellina Group and this article was originally published on linkedin.

     
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