According to a report published by Accenture Strategy and the Partnership Fund for New York City, Q1 2016 was the first quarter ever that New York passed Silicon Valley in fintech venture financing.
The vote cast in the UK Referendum came as a surprise to many. Ramifications and consequences will be significant and potentially long lasting, but new opportunities will emerge in various sectors. Crowd Valley remains committed to serving its existing clients in the UK, its future clients in the UK and continental Europe, as well as around the world. The need for modernization in financial services is unchanged and more relevant than ever.
The Monetary Authority of Singapore (MAS) launched a consultation paper in February last year proposing measures to facilitate access capital for startups and SMEs. With the responses received, 8 June 2016 MAS announced new measures to simplify the use of securities crowdfunding (SCF) for companies that are looking to raise funds, as well as for crowdfunding platform operators.
We have recently seen several governments and financial regulators presenting regulatory sandboxes and now central banks are also stepping in, with a “Fintech Accelerator” that was announced by Mark Carney, the governor of the Bank of England (BoE) on Friday. It’s now more and more clear that the financial technology industry is maturing, transitioning from disruption to a sustainable growth, well supported and embraced by institutions.
What is Insurance Technology (InsurTech) all about? It’s a sub-sector of Fintech that is growing fast and vigorously, with annual investments that increased fivefold in the past three years, totaling $3.4bn of funding poured into the sector since 2010. Insurance behemoths are paying attention like never before.
Digital finance or fintech is a strong phenomenon on the tip of everyones tongue. The applications however are still often elusive as organizations search how these macro trends impact their existing operations and seek out where they are uniquely positioned and can compete in the market of tomorrow.
Recently I had the privilege to discuss changes and macro trends globally in different industries with a group of change management executives. While we discussed various topics, including incumbents abilities to innovate in new markets, cannibalization among other topics, we got talking about the changes of financial services institutions becoming the new effective ‘bit pipes’ (comparison from telco’s) and more so, if this is actually a bad thing?
Governments and regulators have been hard at work in recent months to get the most out of the revolution happening in the financial services industry with the nascent fintech sector. Creating a regulatory sandbox, to mitigate risk and let innovation flourish, is the path they have decided to follow.
Tallinn, Estonia, June 1, 2016—Crowd Valley, the digital back office provider for online private securities platforms, announces its collaboration with the Estonian e-Residency program. Crowd Valley will develop and extend its offerings through its work with e-Residency, a secure digital identity platform. The integration allows those with Estonian e-Residency’s secure digital ID to quickly and securely authenticate themselves or digitally sign in the private securities platforms supported by Crowd Valley.
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