Overall global VC investment for financial technology (FinTech) increased by 10.9 % to $17.4 billion in 2016 with 1,436 deals in total according to statistics compiled through PitchBook by Innovate Finance, the not-for-profit membership association for global FinTech. This level of funding surpassed the 2015 total of $15.6 billion.
Calastone, the global fund transaction network has today launched a new whitepaper, “The accelerating power of technology: lessons for the future of fund distribution.” Within the paper, research conducted by Calastone demonstrates that structural changes are being made to include technologists in the makeup of boards and senior management teams across the FTSE-100. This development, Calastone writes, is due to the ever-growing importance of technology as a driver for business strategy and innovation.
Asset management professionals continue to prioritize back-office automation and managing increased regulatory reporting, according to the 2016 Asset Management Industry Trends Survey released today by Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting.
Insurer adoption of cloud hosted 'Software as a Service' (SaaS) technology is set to grow as a response to unprecedented regulatory change, according to new research from insurance technology specialist, SSP. 82% of insurers are considering deploying SaaS technology within their business in some form, with 55% citing its ability to enable them to respond to regulatory changes as the overall the most recognised benefit.
February 23, 2016 - New research published today by Dimension Data reveals that technology has failed to improve the competitive positioning of global organisations. This is one of the key findings in their 2016 Connected Enterprise Report.
January 18, 2016 - Up to 7.1 million jobs will be wiped out in 15 major economies during a fourth industrial revolution, as disruptive developments in artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology come to the fore, says the World Economic Forum.
December 14, 2015 - Spending by financial institutions on blockchain projects will exceed $1bn in 2017, making it one of the fastest developing enterprise software markets of all time, says boutique investment bank Magister Advisors.
November 2, 2015 - Major global IT vendors – including leading hardware, systems software, eCommerce, big data, cloud, network, telco and systems integrator companies - have little wisdom, advice or vision to offer their customers and prospects when it comes to block chain technology, according to a survey Searching in Vain for the Block Chain just conducted by enterprise IT specialist consulting firm Lighthouse Partners.