A key investor in companies at the forefront of financial innovation, Burbidge is concerned that gender stereotyping is a real problem. But despite a recent controversy over diversity in Silicon Valley, she does not feel being a woman in her industry has held her back.
This ability to pack an Internet connection into essentially any physical object will have some huge implications for the insurance industry over the next decade. As insurers look for ways to innovate their policies and claims practices, your home, health and auto coverage plans will become more connected to your smart devices — and more personalized to your behavior.
If you take a look at all the news about fintech startups, you might get a feeling that the new financial services are built for retail clients and not for businesses. However, these are the entrepreneurs who may become drivers of fintech, especially in Asia.
On a sweltering afternoon in July, Tom Blomfield emerges from Bank of England offices in the heart of the City of London and promptly sheds his suit jacket. Blomfield, the 29-year-old, bearded CEO of Mondo, a startup smartphone bank that’s applying to operate in the U.K., isn’t the suit-wearing type. He’s eager to get back to his Clerkenwell workspace for a beer to celebrate Mondo’s surmounting a big hurdle in its quest for a banking license.
Banks can’t really pick and choose a small subset of use cases and claim they are embracing the revolution. If you use “blockchains without bitcoin” just to avoid public blockchains, you will be subjected to a huge market blind spot because there are millions of users that want to trade with bitcoin, and you’ll be insulated from them.
The blockchain is a distributed ledger – a shared digital record of asset ownership – that many believe could increase efficiency and reduce costs in financial markets.
Financial News spoke to Fredrik Voss, vice president and head of blockchain strategy at Nasdaq, about how the deployment is progressing and what other blockchain projects are in the works at the US-based exchange group.