Blockchain has created a huge amount of buzz in the financial services industry since its official debut into the market in 2009. The question of when blockchain will go mainstream is yet to be answered, but there is constant speculation around the topic. However, the technology has been widely recognised by financial services and industries are slowly coming around to the idea of moving to a decentralised consensus system.
Blockchain technology is a useful tool that can be used to assist banks in trading assets, reducing back office costs, and helping with real estate transactions. As momentum builds behind blockchain, industries are realising the potential behind the technology.
But is the industry as knowledgeable about blockchain as perhaps we expect it to be? We’ve gone back to first principles and broken down an explanation of blockchain into what it is, why it’s powerful and what its main components are, to give a clearer understanding to the transformative technology.
The rise of artificial intelligence (AI) is set to change the way banks and financial services operate, as well as the way consumers approach their personal banking. Powerful AI can replace humans with machines, improve customer experience and provide simplified cost-effective solutions for businesses.
bobsguide recently spoke about AI’s impact on the fintech sector, today we’re digging deeper to find out how AI could transform banking by speaking to Tom Blomfield, Brett King and Spiros Margaris to discuss their views on AI and machine learning.
The Second Payment Services Directive (PSD2) is a fundamental piece of payments legislation in Europe, which entered into force in January 2016. The regulation is set to drastically impact the infrastructure for banks, fintechs and businesses using payments data by opening up access to third party providers. The regulation requires that all member states implement these rules by 13 January 2018.
Whilst the regulation has been a popular topic over the past few months, is the industry as knowledgeable about PSD2 as perhaps we expect it to be? We’ve broken it down to the basics to explain what PSD2 really is, what it means for banks and who the regulation will primarily affect.