Blockchain is? Pick a headline: a) the global panacea for lots of ills, or b) all hype and more talked about than actually used. Does it matter? Unequivocally, it does. Well, at the very least, for those of us in Financial Services.
Is the DLT potential real, why haven’t we realised it, will we ever realise any of it? These are all questions worth examining. Here’s my view as we end 2019 and plan for progress in 2020. It’s a long piece; your feedback is really welcome.
Where’s the headphone jack on the latest iPhone? There isn’t one. If you want to use headphones, you need an adaptor. Compatibility is always a consideration when you try to take a big leap forward.
As we build out financial market infrastructures (FMIs) based on distributed ledger technology (DLT), face-to-face human interaction has much to contribute to the pace and direction of progress. This truth was self-evident at SWIFT’s Sibos 2019 conference, attended by 11,000-plus delegates at ExCeL London. I was privileged to moderate a panel discussion on the possible paths toward efficient digital cash settlement; a prerequisite step to realising new efficiencies, risk reductions and value in DLT-based financial markets.
The Fnality team were very pleased to be part of AFME’s 2nd Annual Capital Markets Technology and Innovation Conference. Engaging with the industry is an essential part of what we all need to do as we look at changing the capital markets part of our business. If you are there, we hope you’ll stop by our stand. Daniel Heller, our Head of Regulatory Affairs will be speaking on a panel on Friday too.
Fnality and Finteum are partnering to deliver a blockchain-based solution for settling FX swaps transactions.
Delivering a 'peer-to-peer' digital settlement asset for wholesale banking