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Tag Archives: FinTech

Attention To Detail: High Performance Requires Hard Work – Rolf Andersson, Goldman Sachs MarketsWiki Education,MWEd,Video,video

“I can’t stress enough the importance of being really good at software in one form or another, whether it’s managing, running projects or sponsoring projects.” Rolf Andersson of Goldman Sachs is a software architect, and he says that software is taking over the world. But all the competition out there is making it much harder to innovate than it was a number of years ago. You have to have a good idea, plus the stamina and expertise and experience. And a good team. Although there are a number of factors one has to take into account when designing software, such…

Everything You Always Wanted to Know About Blockchain But Were Afraid to Ask – Johan Toll, Nasdaq MarketsWiki Education,MWEd,Video,video

“Instead of having the financial economy we see today with a lot of intermediaries, local custodians and global banks, this could all be replaced by a peer-to-peer community. It’s a massive revolution that probably will happen to our financial industry.” Nasdaq’s Johan Toll became a blockchain expert almost by accident. In April of 2014 he sent an article about blockchain from a Swedish technology magazine around to his business unit, saying, “I think this is something interesting we should start looking into.” A couple of weeks later someone from sales called him and said he had a client who was…

Is FinTech a Threat to Banks? – Evelin Kaup, Nordnet Feature,MarketsWiki Education,MWEd,Video,video

“Yes, fintech is a threat to banks. It’s disturbing the industry – but for the better. It’s speeding up the banks so they need to adapt faster, and we need to run faster to stay around.” Evelin Kaup of Nordnet said the question of whether fintech is a threat to banks is being discussed at nearly every industry event these days. So far, the fintech companies have said yes while the banks have been saying no. But that may be changing. The threat from fintech companies is that they can offer what the banks’ customers want, but without all the…

Stockholm: The Origin and Global Leader of Transaction Technology – Peter Fredriksson, Baymarkets MarketsWiki Education,MWEd,Video,video

“The market has moved from transaction to a lot of other parts of the transaction chain – to pre-trade, post-trade, clearing and post-clearing.” Peter Fredriksson, CEO of Baymarkets, says OM, the company that eventually became Nasdaq OMX, basically invented transaction technology. In his view, Stockholm and more broadly, Sweden, have been pioneers in automating the financial markets and making them more efficient. Stockholm was even early in the exchange merger and acquisition space, paving the way for OM to acquire the Stockholm Stock Exchange. And that led to industry innovators like ORC (now Itiviti), Sungard (now FIS) and TriOptima (now…

High-frequency trading has reshaped Wall Street in its image; IBM launches enterprise-ready blockchain service; EU’s flawed claim to a global financial hub John Lothian Newsletter,Newsletter

First Read FIA Recap: Finding Technology Solutions Everywhere By Jim Kharouf, JLN The FIA Boca 2017 conference was revealing in subtle ways, well beyond the big names that impressed the audience. In numerous talks with attendees, we found that technologies are continuing to drive innovation and change within the industry, and 2017 may be the year that is marked as a turning point. One noticeable trend is the push for a more holistic approach to technology. And what does that mean? Take NEX Group’s new structure. The firm, rebooted from its ICAP roots, now is rolling out a new approach…

Time To Revive Financial Innovation Feature

So the pendulum swings. In recent days and weeks, financial industry participants have welcomed a softer tone on regulation from the Trump Administration. For some in the industry, the heavy lead regulatory blanket that has weighed down the industry appears to be lifting. Could we be opening the doors to a new era of financial innovation? In the midst of the Dodd-Frank Act rules rollout, mandated by Congress and ushered in by the CFTC and SEC among others, we’ve seen little progress in terms of innovation within the financial services sector with the exception of reporting, compliance and audit solutions….

Steve Grob, Fidessa — The Innovator’s Dilemma Feature,MWEd,Mwiki,Video,video

What are the chances the firm you work for will be around in five or 10 years? In our video from JLN’s MarketsWiki Education World of Opportunity Event in London 2016, Steve Grob, director of group strategy with Fidessa, talks about why most businesses will inevitably fail and how to see that coming. For him, most failures come down to an unwillingness to take the blinders off and listen to any outside influences.   “The point I’m trying to make is that so many firms are so engrossed in solving the very short-term, immediate, and short-sighted needs of their customers,…

Scott Feldman, ICAP Infinity – The Fintech Evolution Fintech,MWEd,Mwiki,Video,video

“That ability to communicate well and play [the role of] Google Translate is a differentiating factor for someone in the fintech space. You’ve got to marry the technology with the finance, and a lot of times they don’t speak the same language.”   That ability to communicate is one of the soft skills that people hiring in the fintech space seek in candidates. But the industry looks for many more traits in prospective entrants because fintech is a developing corner of the market and, as such, there is no one template for a dream resume or candidate. According to Scott…

What investors misunderstand about the politics of rage; CFTC set to tweak rules for automated trading; Wall Street Bonuses to Decline John Lothian Newsletter,Newsletter

First Read A Big Deal in Chicago, U.S. and the World By John J. Lothian and Jim Kharouf – JLN Tomorrow is election day in the United States. It’s almost hard to write the first word of our country’s name because we are hardly united these days – divided over everything from political idealism, immigration, terrorism, globalization, capitalism to the many other isms and phobias that threaten what we stand for as a country, and arguably THE standard bearer for democracy. And yet, here we stand on the eve of the election faced with a choice to make between two…