7 Financial Firms Test Blockchain for Data Management
Credit Suisse, Citi and HSBC are among seven #financial #firms to participate in a #blockchain #data #management trial.
Tagged: Firms Toggle Comment Threads | Keyboard Shortcuts
-
user
-
user
Japanese Firms Test Blockchain for E-Check Management
The Bank of Tokyo-Mitsubishi UFJ and tech giant Hitachi are working on a #blockchain proof-of-concept aimed at digitizing checks.
CoinDesk -
user
‘Big Four’ Accounting Firms Meet to Consider Blockchain Consortium
‘Big #Four‘ #accounting #firms Deloitte, Ernst & Young, KPMG, and PwC #meet with others to discuss possibly forming a #blockchain accounting #consortium.
CoinDesk -
user
Russian Finance Firms Form Blockchain Consortium
A group of #Russian #banks and financial services companies has formed a private-sector #consortium focused on #blockchain applications.
fintech techcrunch -
user
31 Chinese Firms Form Financial Blockchain Consortium
A group of #technology and finance companies in Shenzhen, China, have launched a new #blockchain #consortium.
CoinDesk -
user
Deutsche Börse Group: A new platform to Foster Strategic Investments in Fintech Firms
#Deutsche #Börse #Group announced the launch of a dedicated corporate venture capital (CVC) #platform – DB1 Ventures – which fosters #strategic #investments in #fintech #firms.
The DB1 Ventures team will be primarily based in Frankfurt and will undertake new investments as well as actively manage Deutsche Börse’s existing minority shareholdings. While Deutsche Börse has already made several strategic investments in early stage and mature companies, the new approach allows the Group to actively manage its existing and new portfolio to realize the full potential of these strategic shareholdings.
DB1 Ventures will invest only in areas that are strategic to Deutsche Börse. The focus will primarily be on early to growth stage fintech firms in order to establish mutually beneficial partnerships. DB1 Ventures will initially be funded via the significant resource base of Deutsche Börse’s balance sheet. The strategic investments will be governed by a dedicated Investment Committee, which will be chaired by Deutsche Börse CEO Carsten Kengeter and have a cross functional and business perspective.
Carsten Kengeter, CEO of Deutsche Börse.
“Our objective with DB1 Ventures is to continue to be active in investing in early to growth stage ventures which are core or adjacent to our client, product, geographic and #technology strategy. And as part of our active management, we will also deepen and extend promising partnerships with some of our current portfolio companies,” said Carsten Kengeter, CEO of Deutsche Börse.
Ankur Kamalia, Managing Director Deutsche Börse, Head of Venture Portfolio Management and responsible for DB1 Ventures, explained: “This dual approach will allow us to bring in our professional expertise as a market infrastructure provider and offer value creation opportunities for fintech companies. In return, we will benefit from new ideas and technological developments in an early stage. Simultaneously, we continue to actively manage our existing portfolio of investments, including divestments where necessary.”
New study “Future of Fintech in Capital Markets”
Deutsche Börse, in collaboration with Celent, a financial technology research and advisory firm, has analyzed the significance of fintech firms and its potential impact on market infrastructure incumbents. The new report “Future of Fintech in Capital Markets” highlights the opportunity for market infrastructure providers to interact with fintech firms and drive a higher degree of strategic partnership. Since 2008, capital flow into fintech investments has grown six-fold. Last year, about $ 19 billion in capital was invested globally in fintech across approximately 1,200 deals. CVCs now represent 25 percent of global fintech capital flows.
David Easthope, Senior Vice President and responsible for the Securities and Investments practice of Celent: “Major parts of the financial services ecosystem are being transformed by pioneering financial technology firms. Instead of going alone, fintech firms can decide to pursue a collaborative approach with leading incumbents through partnerships, including market infrastructure firms. Combining forces will allow fintech firms to shape the future of capital provision, technology, and other industry workflows.”
Download the full study: Future of Fintech in Capital Markets
Recent Fintech developments of Deutsche Börse
– In April 2016, Deutsche Börse opened its Fintech Hub in Frankfurt to support the Hessian State Government’s initiative to set up a fintech cluster in Frankfurt. With this Hub, Deutsche Börse aims to promote Germany’s start-up and investment culture.
&8211; In February 2016, Deutsche Börse sold its 50 percent stake in Infobolsa S.A. to
its joint venture partner BME.&8211; In January 2016, Deutsche Börse also took part in a capital increasing round for Digital Asset Holdings, a developer of distributed ledger technology for the financial services industry. Launched in 2015, Digital Asset’s mission is to improve efficiency, security, compliance and settlement speed while reducing costs through the implementation of distributed ledger technology. Digital Asset software radically improves post-trade processing efficiency, reducing cost, latency, errors, risk and capital requirements.
&8211; In November 2015, Deutsche Börse Group invested in Illuminate’s IFM Fintech Opportunities Fund: This fund focuses on fintech companies in areas such as compliance, regulation and connectivity, among others, which fits into Deutsche Börse’s growth strategy to extend its service portfolio.
The post Deutsche Börse Group: A new platform to Foster Strategic Investments in Fintech Firms appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
-
user
7 Financial Firms to Build Post-Trade Blockchain for Small Businesses
Seven #financial institutions have partnered to explore how #blockchain tech could benefit #small enterprises.
fintech techcrunch -
user
PwC & CACEIS Advise Investment Firms to Have a Clear Online Marketing Strategy
The rise of the digital economy has changed the way businesses deliver services, interact with clients and market their products. As social networks have become an important component of our daily lives, asset managers and #investment #firms need to have a #clear #online #strategy in order to stay in the game.
In a new report, PwC Luxembourg and #CACEIS explore the state of asset management’s use of social media and the leading players in this area. The document, the second paper of the series #SocialMediaStudies, aims at highlighting the growing importance of social media in the industry.“Three years on, social media usage in our industry has evolved rapidly, and the factors driving that change have also intensified,” Joe Saliba, CACEIS Deputy Chief Executive Officer, said in a media statement.
Since the previous study in 2013, asset managers have increased their presence on social media, increasing thus their interactions with clients and followers.
&8220;Something clear emerged from our analysis: the asset management community is increasingly betting on social media, and asset managers with no clear strategy on how to take advantage of social media as communications and sales channels will be left behind,&8221; said Dariush Yazdani, partner and Market Research Centre Leader at PwC Luxembourg. &8220;Social channels could unlock new opportunities for investment firms.&8221;
The report, entitled ‘Asset Management in the social era,&8217; suggests that social media continues to thrive and is now a global phenomenon in all countries. Today, the total number of active users exceeds 2.3 billion, representing over 30% of the global population.
Facebook is the leader in the field with 1.6 billion of active accounts in 2015. The giant is followed by YouTube with over 1 billion users, LinkedIn with 414 million, and Twitter with 305 million.
Social media a &8220;key component of companies&8217; marketing mix&8221;
Social media channels have been gradually integrated into companies&8217; #marketing mix paradigms and the share of marketing budgets spent on social media is expected to more than double over the next five years, the document claims.
Corporates are increasing their presence on social media, a trend fuelled by changing customer expectations, notably among younger generations. 62% of millennials say that if a brand engages with them on social media, they are more likely to become loyal customers. Moreover, 33% of them rely mainly on blogs to get informed on purchase decisions.
&8220;Social media strives in the asset management industry&8221;
Since 2013, the presence of asset managers on social media has increased consistently. Asset managers are using these channels as instruments to enhance brand and reputation, as well as to provide information and support to a diversified array of interlocutors, the report says.
It suggests that 89% of asset managers are present on social media today, up from 60% in 2013. Moreover, the use of social media has increased significantly within the hedge fund industry in recent years. Today, 90% of hedge funds are using social media.
&8220;Social media is also becoming an important source of information for institutional investors. They are increasingly augmenting traditional financial news media with social media in order to make investment decisions,&8221; the report says.
A research conducted by Greenwich Associates found that in 2014, one third of institutional investors made an investment decision based on information collected from social media platforms. Respondents are turning to social media mainly to read timely news or industry updates (48%), research specific industries information (47%) and seek opinions or commentary on markets and/or events (44%).
US-based brands still dominate the social media realm with Blackrock/iShares, Vanguard Group, Charles Schwab Investment, Fidelity Investments, Franklin Templeton Investment and T.Rowe Price ranking at the top of the list. However, European players are progressing. In 2016, the top ten asset managers include three European firms: Schroders, Robeco and Aberdeen AM.
Featured image: Social media apps by Twin Design, via Shutterstock.com.
The post PwC &038; CACEIS Advise Investment Firms to Have a Clear Online Marketing Strategy appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
-
user
CFAs Warn That Asset Management Firms Should Fear Fintech Most
#CFAs #Warn That #Asset #Management #Firms #Should #Fear #Fintech #Most
The respondents didn't view the fintech threat as a flash in the pan. They viewed robos as having a continued, large impact on the industry in five years, while they were more skeptical about the ability of crowdfunding and marketplace lending to last …
Read more on BloombergEuropean fintech funding deals have tripled, but the Brexit threat poses a …
Thanks to helpful regulations, Europe has become a hotbed of fintech activity, and deals in this region have tripled in the last year. But the looming threat of the "Brexit" could shake up the way investors pour their money into the region. European …
Read more on Business InsiderBrexit good for UK FinTech
From my perspective and given my role as a top global FinTech influencer, I&39;ve been asked many times recently about the impact on the blossoming UK FinTech (Financial #Technology) industry should the UK vote to leave the EU. So let&39;s look specifically …
Read more on Finextra (blog)
Reply