Reading Time: 3 minutes In the aftermath of the 2008 global financial crisis, trust in traditional financial institutions was at an all-time low. Investors, wary of human error and the high costs associated with financial advisors, sought alternatives, and that’s when the concept of robo-advisory models emerged. A robo-advisor is a digital platform that Read more…
Reading Time: 3 minutes Robinhood’s recent acquisition of Pluto Capital, a FinTech specializing in AI-driven investment strategies, has sent a clear signal to Wall Street: AI is becoming a key technology investment for capital market firms. This move is not an isolated incident; it underscores a broader trend in which AI is gaining ground Read more…
Reading Time: 3 minutes As more people rely on digital solutions for their banking needs, the impact of AI becomes increasingly relevant to our daily lives. AI’s market value is expected to reach $190 billion by 2025, and its integration into financial services can be a game-changer for consumers. FinTech firms are leveraging the Read more…
Reading Time: 4 minutes Roland Berger Consulting estimates that the total market value of asset tokenization will exceed USD 10 trillion by 2030, while BCG projects a USD 16 trillion. Current on-chain analytics suggest that $3 billion in assets are already tokenized, with major firms like BNY Mellon and JP Morgan leading the pack. Read more…
Reading Time: 3 minutes Just when we thought the hype around Dogecoin died down, there’s a new memecoin in town. In June 2024, PlayDoge raised $5 million in a viral ICO, reminiscent of Dogecoin’s wild ride in 2021, thanks to Elon Musk’s viral tweets. Dogecoin started as a goofy meme in 2013, a parody Read more…
Reading Time: 3 minutes Numbers released from DTCC on Jun 4, 2024, (one week into the T+1 transition in North America) showed that Wall Street had just passed what many thought would be the toughest test of the accelerated T+1 regime. Key trade fail rates dropped in the first week of T+1 to 1.71%, Read more…
Reading Time: 4 minutes The narrative that retail investors are less experienced than their Wall Street counterparts (aka institutional investors) has shifted significantly over the last five years. Perhaps the democratization of trading tools and education has empowered ‘Main Street’ traders to become more sophisticated and self-directed. During the COVID-19 pandemic, retail participation surged Read more…
Reading Time: 4 minutes With the financial landscape shifting from traditional models to a digitally-centric approach, AI technologies are central to achieving higher efficiency and driving innovative strategies. According to a recent report by McKinsey, AI applications in the FinTech sector could potentially deliver up to $1 trillion in annual value. The idiom “a Read more…
Reading Time: 3 minutes Current brokerage KYC processes are complex and cumbersome, often resulting in non-compliance and hefty fines. In 2023, Merrill Lynch was fined heavily for failing to address AML-related compliance. Despite financial institutions worldwide spending an estimated $58 billion on KYC compliance and AML technology annually, why does the industry pay billions Read more…
Reading Time: 3 minutes Chatbots are evolving from simple, algorithmic query handlers to sophisticated virtual assistants capable of offering insight and solutions. Today, nearly 80% of financial institutions are leveraging chatbots, even if only in pilot projects. However, their role isn’t just confined to customer service, especially in the brokerage industry. Bank of America’s Read more…
Reading Time: 3 minutes While brokerage firms in the capital markets industry are increasingly aspiring to be data-driven, the ground reality often tells a different story. A 2022 survey by NewVantage Partners reports that only 19.3% have a strong data culture, and just 47.4% are investing in data analytics, revealing a significant gap between Read more…
Reading Time: 3 minutes Customer onboarding is a vital part of the customer journey, establishing the foundation for the customer-company relationship. A smooth process helps new customers feel valued and confident. Incorporating steps like data collection, identity verification, and compliance checks helps ensure accuracy and security. The Traditional Method: Manual Onboarding and Its Challenges Read more…