Beyond Automated Advice: How FinTech is shaping asset & wealth management
The 2016 PwC Global FinTech Survey gathered the views of 544 respondents from 46 countries, principally Chief Executive Officers (CEOs), Heads of Innovation, Chief Information Officers (CIOs) and top management involved in digital and technological transformation, distributed among five regions. The asset and wealth management-focused cut is based on the responses of 163 respondents from the asset and wealth management sector around the globe.
The $5 billion opportunity for reinsurers
New research commissioned by PwC highlights the extent to which blockchain could reduce the processing time and cost of placement, claims settlement and key processes such as compliance checks, e.g. sanctions (other compliance checks noted for wholesale insurance include AML/KYC). The research also showed that blockchain solutions can provide a better view of identity and risk. And given the amount of data flowing between client, broker, reinsurer and outsource service providers, all of which requires multiple data entry and reconciliation, the transformational potential within reinsurance is even greater.
Blockchain an ‘essential’ tech for CEOs, states PwC
PricewaterhouseCoopers (PwC) is one of the world’s largest professional services firms in the world. With headquarters in London, the company operates in 157 countries, boasts 756 locations and employs 200,000 people. The company ended 2015 with global revenues reaching US $35.4b.
Bank of England and PricewaterhouseCoopers partner to explore putting fiat currency on a blockchain
PriceWaterhouseCooper’s (PwC) Digital Technologies team [announced](http://pwc.blogs.com/northern-ireland/2016/06/pwc-northern-ireland-partners-bank-of-england-on-blockchain-technology.html) a major project with the Bank of England on Friday. The partners described a concerned effort to see if they can make fiat currencies like the British Pound Sterling work over a blockchain.
Blurred lines:How FinTech is shaping Financial Services
This PwC report assesses the rise of new technologies in the financial services sector across the globe, the potential impact of FinTech on market players and their attitudes regarding the latest in technology developments. Additionally, it offers insight as to the responses of the sector to this ever-changing environment.
