• quantum computing
    18/11/2020 - Future of Finance 2 Comments
    QUANTUM COMPUTING

    A FUTURE OF FINANCE WEBINAR WITH CTOs AND CISOs IN FINANCIAL SERVICES, TECHNOLOGIST AND ACADEMICS


    Thursday 19 November 2020, 14.00 - 15.00 UK Time


    Every Chief Technology Officer knows that quantum computing has the potential to disrupt not just their technology but their entire industry.  Yet like nuclear fusion, it always seems to lie somewhere beyond their retirement date. The truth is that quantum computing power is on a Moore's Law-style trajectory of doubling every twelve months. This means disruption by quantum computing is closer at hand than most people think. And the impact is likely to be felt in cyber-security first. Unlike CTOs, CISOs cannot afford to take the risk that quantum computing is always 30 years away. This event will bring together quantum computing and cyber-security experts to explore whether the financial services industry is right to be cautious or wrong to be complacent


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  • 22/09/2020 - Future of Finance 6 Comments
    THE STRANGE LACK OF TECHNOLOGICAL DISRUPTION IN FOREIGN EXCHANGE

    A FUTURE OF FINANCE WEBINAR WITH FINTECHS PLANING TO DISRUPT THE GLOBAL FX MARKETS WITH DIGITAL TECHNOLOGIES AND DATA


    Thursday 12 November 2020, 2.00-3.00 pm UK time


    Despite their importance, size and liquidity the global FX markets have remained largely immune to the digital technology revolution. The reasons for this include their global scale, amorphous and fragmented structure and lack of an over-arching regulatory framework, but the principal cause of the lack of innovation is the domination of the FX markets by a small coterie of large global banks. Even the FX services for consumers developed by household name FinTechs have done little more than reduce the margins banks enjoy in one area of their business. In the wholesale FX markets large corporations, asset managers and asset owners continue to pay high prices for FX execution and hedging. This Future of Finance event engages with a group of innovators that have identified ways to challenge the banking oligopoly in FX.

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  • 04/09/2020 - Future of Finance 1 Comment
    THE PROMISE AND THE POWER OF DIGITAL IDENTITY

    A FUTURE OF FINANCE WEBINAR WITH REGULATORS, FINTECHS, ACADEMICS AND INDUSTRY PROJECT LEADERS


    Wednesday 21 October 2020 at 2.00-3.00pm UK Time


    Digital identity is a powerful idea. Rightly conceived, it has the potential to save the financial services industry tens of billions of dollars a year in customer on-boarding and re-authorisation checks. In the longer term, digital IDs could mark the beginning of a process that overturns the current balance of wealth and power between consumers and corporations in the markets for data. In some jurisdictions, that power is now being unleashed. The number of FinTechs basing their quest for funding on digital IDs is legion. Yet the traditional financial services industry seems wedded to analogue solutions to the costs of running LKYC, AML, CFT and sanctions screening checks. This Future of Finance webinar will re-examine the case for digital IDs, test the technical and political obstacles to their adoption, and ask what needs to be done to realise their potential.

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  • 08/07/2020 - Future of Finance 1 Comment
    COMPLACENCY ABOUT PRIME BROKER RISK COULD KILL HEDGE FUNDS
    SEE SUMMARY OF MEETING IN CONTENTS PAGE


    A FUTURE OF FINANCE WEBINAR WITH PRIME BROKERS AND HEDGE FUND MANAGERS 


    29 June 2020 2.00-3.00 pm UK time


    The equity divisions of the banks gained from the early stages of the Covid-19 pandemic, as market volatility increased transaction flows and trading opportunities. But hedge fund managers cannot count on the crisis continuing to be kind to their most important counterparties. The longer-term impact of the decline in activity in real economies will not be uniform either. The early evidence suggests banks with exposure to industrial and commercial companies and consumers will be hit harder than the stand-alone investment banks. Although the extraordinary turn in fiscal and monetary policies reduces the risk of full-blown financial crisis, the consequences of the pandemic are bound to damage the capital strength of banks. This Future of Finance panel asks what hedge fund managers should do to manage the risk.

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  • 08/07/2020 - Future of Finance 10 Comments
    CENTRAL BANK DIGITAL CURRENCIES

    SEE SUMMARY OF MEETING IN CONTENTS PAGE


    A FUTURE OF FINANCE WEBINAR WITH CENTRAL BANKERS, BLOCKCHAIN NETWORKS AND BANKS


    Tuesday 7 July 2020 2.00-3.00 pm UK time


    One in four people now live in a jurisdiction where the central bank is exploring whether to issue a Central Bank Digital Currency (CBDC), and one in ten of those central banks plans to issue a general purpose CBDC soon. Central banks have many different motivations and objectives, but CBDCs have the power to change everything in financial markets: monetary policy, how payments are made and how securities are traded, cleared and settled. As a Future of Finance event, this panel will marry the experience of the incumbents with the energy of the entrepreneurs to plot a future which transforms the productivity and profitability of financial services.

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  • 21/06/2020 - Future of Finance 0 Comments
    BUILDING A DIGITAL FINANCIAL SERVICES BUSINESS: DON’T IGNORE THE HUMAN FACTOR

    A FUTURE OF FINANCE WEBINAR IN COLLABORATION WITH FINTECH WALES BRINGING TOGETHER EMPLOYERS, EMPLOYEES, RECRUITERS AND EXPERTS IN CORPORATE CULTURE


    16th July 2020 14:30-15.30 UK time


    The biggest obstacle to digitizing a traditional banking or insurance business is not legacy technology. It is legacy culture. It is well known that incumbents have struggled to recruit and retain digital talent. In fact, Glassdoor is replete with stories of how badly they get it wrong. Yet their existing workforces are more fearful than antipathetic. If they are to compete successfully with new entrants, established financial services businesses have to transcend legacy cultures in ways that enable them not only to attract new talent but bring their existing employees with them. At this Future of Finance webinar, hosted in conjunction with FinTech Wales, businesses which have made the transition successfully will share their knowledge and experience with experts in digitization, recruitment, education and corporate culture.

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  • 20/06/2020 - Future of Finance 2 Comments
    FROM OPEN BANKING TO OPEN FINANCE

    A FUTURE OF FINANCE WEBINAR WITH BANKERS, ASSET MANAGERS, WEALTH MANAGERS, INSURERS AND FINTECHS


    SEE SUMMARY OF MEETING IN CONTENTS PAGE


    Monday 27 July 2020 2.00-3.00 pm UK time


    No country in Europe has taken the possibilities of the Open Banking revolution more seriously than the United Kingdom. The Financial Conduct Authority (FCA), excited by the opportunity to improve services for retail consumers and SMEs through competition-led innovation, has approved 231 firms as Open Banking service providers. Impressed by the surge of innovative FinTechs developing novel services, the FCA is extending the experiment to savings, mortgages and insurance. That means the impact of competition and innovation will be felt throughout the industry, creating new threats for incumbents and new opportunities for firms prepared to change. At this Future of Finance event, panellists will ask what sorts of firm can cut costs and improve for consumers and SMEs while increasing profits for themselves.

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  • 18/06/2020 - Future of Finance 4 Comments
    FUND ACCOUNTING MIGHT NOT BE SAFE FROM TECHNOLOGICAL DISRUPTION

    A FUTURE OF FINANCE WEBINAR WITH FUND ADMINISTRATORS, FUND MANAGERS AND TECHNOLOGY VENDORS


    SEE SUMMARY OF MEETING IN CONTENTS PAGE

    Wednesday 29 July 2020 2.00-3.00 pm UK time


    Fund accounting is no longer safe from technological disruption. Even if the net asset value (NAV) calculation methodology is invulnerable to modification by technology, the process by which NAVs are manufactured is open to change. Instead of NAVs being calculated once day, arbitrageurs might use the instant availability of stock prices to force fund accountants to produce them in real-time. Current data intermediaries will find their franchises threatened. Even if securities are not replaced by digital tokens, digitisation might mean whole new classes of asset can no longer be marked-to-model. As at any Future of Finance event, this webinar brings together fund accountants and would-be disruptors to explore whether there is a better way to value funds that can increase the size and profitability of the industry.

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  • 16/06/2020 - Future of Finance 2 Comments
    THE CURRENT AND FUTURE STATE OF DIGITAL TECHNOLOGY IN WEALTH MANAGEMENT

    A FUTURE OF FINANCE WEBINAR WITH WEALTH MANAGERS, SECTOR EXPERTS AND TECHNOLOGISTS


    Wednesday 28th October 2020 2.00-3.00 pm UK time


    The wealth management industry is attracting the interest of outside investors, including private equity funds. This is not surprising. Its growth is underpinned by secular trends, including the switch from defined benefit to defined contribution pension plans and the looming transfer of wealth from the Baby Boomers to the millennials. Wealth management clients are stickier, they pay fatter margins and they offer ample room for growth. For technology vendors, wealth management systems and infrastructure are rich in opportunities to improve core operating platforms. But with wealth managers also looking to transform what they deliver to clients in terms of products and service experience, there is plenty of scope for digital innovation at the front end as well as the back. While traditional wealth managers have retained their dominant position so far, they face disruption not only from digital start-ups but from Big Tech as well. This Future of Finance panel will examine where the threats and opportunities lie and what the wealth management industry might look like by 2025.


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  • 15/06/2020 - Future of Finance 3 Comments
    JOIN OUR PROPTECH THINK TANK TO EXPLORE HOW THE REAL ESTATE INDUSTRY CAN FIND A WAY OUT OF ITS LOOMING POST-COVID 19 CRISIS

    A FUTURE OF FINANCE WEBINAR FEATURING EXPERTS IN REAL ESTATE INVESTMENT, DATA ANALYTICS AND THE APPLICATION OF BLOCKCHAIN TECHNOLOGY TO COMMERCIAL REAL ESTATE


    Thursday 24 September 2020, 16.00 UK time 


    As companies plot their paths back to normal office working, their landlords are grappling with a series of awkward and possibly even existential questions. Are rental income and capital values on the cusp of a sustained downturn? Will tenants lease as much space in future as they did in the past? How happy will tenants be to share a building with other companies? Will parking spaces and cycle racks be more important to commuters than buses, trains and subways? Will social distancing persist outside the office as well as inside it? Will companies want more but smaller offices in multiple locations – and, if so, what are likely to be the most popular locations? This invitation-only Future of Finance event will see a hand-picked panel of experts discuss answers to questions such as these, so the real estate industry can position itself successfully for what insiders predict will be a series of highly disruptive changes.

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  • 15/06/2020 - Future of Finance 2 Comments
    SETTLEMENT AND CUSTODY OF DIGITAL ASSETS PART II

    20th October 2020 2.00-3.00 pm BST time


    Incumbents in the securities services industry concluded last year that blockchain would not disrupt post-trade services after all. Yet the potential advantages of tokenising equity and debt securities, especially in terms of operational, intermediation and liquidity cost savings, remain compelling. And paths through the obstacles to progress are becoming clearer. Payment tokens and Stablecoins are filing the gaps at least until Central Bank Digital Currencies (CBDCs) finally solve the problem of on-chain (or on-network) settlement in multiple fiat currencies. Effective tools for safekeeping digital assets, and the orthodox financial assets that underpin some of them, are being designed. Work is under way to agree the technical standards that will allow tokenisation platforms and established trading platforms to inter-operate. Governments are gradually publishing rulings and even laws which offer issuers of digital tokens and their investors the regulatory certainty they need. This Future of Finance event picks up where the first left off and explores the current state of play in these four areas: settlement, safekeeping, standards and regulation.

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  • 11/05/2020 - Dominic Hobson 0 Comments
    Settlement and Custody of Digital Assets

    An Account of the Discussion at the Walbrook Club on 4 March 2020

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  • 11/05/2020 - Future of Finance 2 Comments
    MAPPING THE DIGITAL PAYMENTS REVOLUTION

    SEE SUMMARY OF MEETING IN CONTENTS PAGE

    A FUTURE OF FINANCE WEBINAR WITH PAYMENTS INDUSTRY LEADERS


    Monday 8th June 2020 2.00pm - 3.00pm UK time


    The old world of payments is dying, but the new world payments is struggling to be born. Around the world, the symptoms of an industry undergoing change are evident in growing pressure for instantaneous payment, rising competition from non-bank Fintechs, the shifting investment priorities of established market infrastructures, the growing interest of central banks in digital currencies and the appetite of traditional banks for data-driven overlay services. As with every Future of Finance panel, our panellists will explore how the old world and the new can work together to cut costs, drive innovation and increase growth and prosperity for everybody.

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  • 29/04/2020 - Dominic Hobson 0 Comments
    Don’t kid yourself that operational resilience can increase returns

    Increasing operational resilience means investment, and every investment is a cost. Unfortunately, despite the efforts of consultants to persuade financial institutions that investing in operational resilience creates competitive advantages and generates returns, it is in the end just another cost of compliance whose returns accrue to others.

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