Blockchain
The next step in fintech: Collaboration
When describing the financial services industry, you often hear words like “transformation” or “evolution.” These words were commonly said during the rise in popularity of secure internet browsing, voice recognition, or mobile devices and apps. While these now ubiquitous technologies are used by practically everyone across the industry and beyond, the financial industry is still […]
Blockchain for KYC: Game-changing RegTech innovation
IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. Consider, for example, the blockchain space. While blockchain’s decentralized, distributed-ledger technology is most popularly known as the basis for cryptocurrencies such […]
How Open Banking will blow core systems out of the water
Banks operating on legacy architecture will find it increasingly difficult to compete in an API-driven business environment, says Hans Tesselaar, executive director at BIAN. There are three key acronyms that have topped the agenda in banking technology discussions in recent years – APIs, PSD2 (Payment Services Directive II) and DLT (Distributed Ledger Technology). Although DLT […]
IBM FinTech at SIFMA Conference
Some important financial technologies are changing the way the world is doing business and that change is now reaching the securities industry. From artificial intelligence and machine learning to blockchain and robotics, these technologies are beginning to transform the securities industry and are offering up some big questions involving their implementation. At the SIFMA Fintech […]
What the technology, process and people of a future-ready bank look like
“Your architecture is how you build trust with your customers.” This quote from IBM Senior Vice President of Industry Platforms, Bridget van Kralingen, speaking at the Reinventing Financial Services event, captures what the day was about. On May 22, about 100 C-level executives from leading financial services institutions joined us for an all-day conference about […]
Welcome to the age of the incumbent in banking and insurance
We, in the financial services industry, are leading the charge, ushering in “the age of the incumbent.” That notion might sound counter-intuitive, given the proliferation of start-up Fintechs, who seemingly threaten established institutions at every turn. But we at IBM are not only very optimistic about incumbents, we believe the time is now for incumbents […]
Promontory Financial Group CEO on the future of RegTech
Gene Ludwig, the CEO and founder of Promontory Financial Group, recently sat down with Bloomberg Law in a wide-ranging interview to discuss his predictions for the future of RegTech, blockchain, and where he sees the markets going in the next three to five years. Promontory was acquired by IBM in 2016, and helps primarily financial […]
Fostering the financial technology infrastructure of tomorrow
Imagine a scenario in which opacity and complexity have been removed from the financial services industry. Anyone with an idea of how we might conduct business better and more efficiently, be it in wealth management, lending, insurance, or payments, could bring it to life with ease. Entrepreneurial individuals could find all the tools they need […]
The year in IBM FinTech
As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. While we have separately covered what we think will be the main […]
The five biggest technology trends affecting FinTech today
Two years ago, I wrote an article on the 6 biggest trends in FinTech. Looking back, I’m happy to say that there has been significant progress in all the areas. A year after that, I wrote Everyone is Talking about APIs to discuss a trend that, at the time, was new to the industry. In […]
Banking to the power of IBM: opportunity at Sibos 2017
At Sibos 2017 in Toronto IBM will show how we are empowering global banks by helping them digitally reinvent for tomorrow. Here is a preview of our focus at this year’s Sibos: Enterprise blockchain – IBM is leading the advancement of blockchain with many projects under way in financial services including foreign exchange payments netting, […]
Banking on blockchain for increased trust
In my 20 years as a banker and working with bankers, I’ve lived by the maxim that trust is like an eraser. It gets smaller with every error. That’s why I read with interest the 2016 Edelman Trust Barometer, in which the financial services industry scored only 51 percent, the lowest of eight industries in […]