| DLT: The Potentials in Financial Services |
| There’s a saying about DLT’s application in financial services, |
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• Cross Border Payments
• Anti-Money Laundering/ Know Your Client
• Derivatives Clearing
• Repo Clearing
• Trade Reconciliations
• FX Settlement
• Loan Settlement
• Collateral Management |
Four of the high potential FI use cases could alone generate $60-80bn in cost savings |
In APAC, DTL, or Blockchain, burgeons, fueled by banks, fintech startups
Asia’s Blockchain startups may gain share in the global market after fintech funding surged to $10.5 billion in the first nine months of 2016, while China’s comprised over 90% of the region’s total. Financial-service and internet firms may join venture capitalists in backing blockchain and related projects such as payments and cybersecurity. |
Blockchain startups to multiply on banking’s push in Asian hubs
The number of blockchain startups in Asia may surge in 2016-17 starting from a small base in June. Clustering may occur in leading financial hubs as regional banks push for the technology’s applications. R3, a blockchain developer, just launched an Asia-based incubator dubbed the Blockchain Center of Excellence, with support from banks including JPMorgan, HSBC and Mitsubishi UFJ. For now, these startups are spread out in Asia, with only 9.6% of them concentrated in five countries, according to Outlier Ventures. |
| Having He Says |
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Antony is Director of Research at R3, a financial innovation firm focused on building and empowering the next generation of global financial services technology.
After working in Barclays and Credit Suisse, he joined itBit as Institutional Client Group Director and worked in varied roles including product management, business development, operations, as well as sales to businesses and consumers, and account management. In addition, he is also a mentor at Startupbootcamp FinTech.
He launched Bits on Blocks in 2015 – a blog on blockchain technology that strives for clear, practical articles that are accessible to business people. Bits on blocks is based in Singapore with a focus on Asia. |
Speaker:
Antony Lewis
Job Title:
Director of Research
Organization:
R3 |
Antony will talk about the potentials of DLT in Financial Services on FinTech APAC Connect 2017 (September 20-21 | Singapore).
More topics about FinTech technologies on FinTech APAC Connect 2017:
| Distributed Ledger Technology (DLT) & Blockchain |
|
Artificial Intelligence (AI) |
| |
DAY 2 SEPT. 21:
TECHNOLOGIES FOCUS DAY |
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| Big Data, Smart Data & Data Analytics |
|
Biometric Technologies |
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