Blockchain
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 […]
The Digital Trade Chain consortium’s trade finance project underscores important new use cases for blockchain
This week’s announcement by the seven bank Digital Trade Chain Consortium is another strong indication that the “peak hype” discussions around blockchain are somewhat misplaced. This blockchain network to deliver a trade finance solution across Europe to support small and medium businesses stands out from the steady flow of other blockchain PoCs underway in several […]
Blazing a path for blockchain in banking
According to a report from Santander, blockchain technology is poised to save banks $20 billion dollars a year in infrastructure costs by 2022. But for many banks and financial services organizations, building and implementing a blockchain solution is slow, given the perceived costs of altering their infrastructure, and the need for a proof of concept […]
Everyone’s talking about APIs. Why?
While looking at the predictions for the FinTech area for 2017, I started noticing that APIs were showing up again and again. As Jim Marous notes in his article, Top 10 Retail Banking Trends and Predictions for 2017, “APIs were not even listed as a 2016 trend, but was #4 in 2017.” The Let’s Talk […]
Northern Trust Trusts Blockchain for Private Equity
Today, private equity tends to be an opaque, costly endeavor. Often, ten percent or more is spent on administration. In addition, the administrative activities are manual and can take a great deal of time to complete. In the past, this information (or its owners) was not trusted enough to be digitized. So when Northern Trust […]