Cloud Computing Powering the Future of Finance
Driven by rapid innovation in the tech sector, financial services have embraced cloud computing, aiming to redeploy this towards their specific needs.
Driven by rapid innovation in the tech sector, financial services have embraced cloud computing, aiming to redeploy this towards their specific needs.
The reliance of the financial industry on both customer volume and complex decision-making makes it a prime candidate for embracing this artificial intelligence (AI) and machine learning (ML).
At its core, decentralised finance (DeFi) is the use of a peer-to-peer (P2P) network through which traditional financial services can operate, free from intermediation.
Various features of the blockchain and the underlying distributed ledger technology (DLT) make it ideally suited for use in any kind of transfer system whether it be payments, trading or lending.
Decentralised ledger technology (DLT) has immediate applications in the context of fraud prevention and security as it provides financial institutions with the ability to maintain a centralised ledger of transactions
Over the past decade, the financial industry has begun to embrace a series of innovations that have the potential to dramatically change the nature of the business in the future.
But what of the smaller firms? The ripples of the USD LIBOR transition are felt not only by the biggest players, but downstream to the very smaller corporates and PEs. It is these organisations that face the most daunting challenges mainly because they are just not as well resourced
But what of the smaller firms? The ripples of the USD LIBOR transition are felt not only by the biggest players, but downstream to the very smaller corporates and PEs. It is these organisations that face the most daunting challenges mainly because they are just not as well resourced
The transition away from Interbank Offered Rates (IBORs) and their replacement with ‘nearly’ risk-free rates (RFRs) is a shift so significant that it is difficult to think of a modern analogue in capital markets.
Banks are currently facing a raft of challenges in the areas of technology advancement, regulation and Brexit. However this is not all. In an article published in Specialist Banking, Pierre Velinor, Brickendon’s head of engagement, looks at the struggle for talent. He outlines how many legacy banking institutions are fighting with new technology and Fintech […]