In the press last week was more about the changes about to affect the CHESS System. As reported, the Australian Securities Exchange (ASX) has moved further down the track in developing a post-trade settlement system that will eventually replace the incumbent CHESS (Clearing House Electronic Sub-register System), and a blockchain-based system remains the front-runner. We’ve certainly been mentioning the disruptive …
Blockchain technology is going to change the face of finance forever
We’re starting to see some momentum in blockchain, with blockchain being touted as the glue that is going to drive a productivity revolution across the globe on par with what Henry Ford did with the automobile. Big banks around the world are moving at pace to build blockchains. A group of 40 global banks have used different distributed ledger technology to …
Fintech: (Re)Shaping Financial Services
PWC have just released their Global FinTech report dated March 2016 titled “Blurred Lines: How FintTech is shaping Financial Services” In the report they note that more than 20% of Financial Services business is at risk to FinTechs by 2020, and 57% are unsure about or unlikely to respond to blockchain technology. Interestingly another word accountants are familiar with is …
