Longo acknowledges “extraordinary” crypto demand
[ad_1] Speaking at the AFR Super and Wealth Summit, Mr Longo touched on crypto and the pace of change in the market, which has been accelerated by the pandemic and lockdowns, and urged users to be cautious. “In my opinion,…
Stablecoin could be a rising giant in global finance
[ad_1] Perhaps because they avoid the volatility seen elsewhere, stablecoins like Tether aren’t necessarily seen as radical or transformative in the same way that cryptocurrencies like Bitcoin are. When it comes to crypto assets, headliners like Ethereum take much of…
Binance advocates for a crypto bill of rights
[ad_1] Binance is looking to bring order to the chaos of the crypto market with a so-called crypto bill of rights. In a statement, the cryptocurrency exchange confirmed that it is committed to working with both regulators and policymakers to…
State Street, Vanguard and Symbiont use blockchain to trade live currency forward contracts
[ad_1] State Street, Vanguard and Symbiont jointly announced that the margin calculation process for live trading of a 30-day currency forward contract has been completed using Symbiont’s distributed ledger technology (DLT). The firms said they have collaborated to actively explore…
Asset managers are throwing big bucks at automation
[ad_1] A new study has found that wealth and asset managers are making automation a priority in their business in response to the challenges posed by manual processes. More than half of wealth and asset managers surveyed by automated reconciliation…
Mass adoption of crypto will continue in 2022
[ad_1] Countries in Latin America and Asia, in particular, are expected to follow El Salvador’s lead and accept bitcoin as legal tender next year, but most countries are also expected to develop stricter regulations. Looking ahead, Sebastian Markowski, Chief Strategy…
Start-ups cannot be compared to existing service firms with technological advancements
[ad_1] According to Taimur Hyat, COO of PGIM, technology is set to change the service sector, but established companies will prevail. Mr Hyatt explained that while disruptive new entrants are expected to be found in parts of the services sector,…
HUB24 reports record growth
[ad_1] On Wednesday, HUB24 announced that it achieved record second-quarter net platform inflows of $3.6 billion, including $349 million transferred from externally administered legacy private label IOOF to the wealth giant’s private label, Rhythm Super, which is administered by HUB24….
NAB expands digital messaging capabilities with new partnership
[ad_1] Customer engagement software company Khoros has announced that it has been selected by NAB as a technology partner to transform the bank’s digital messaging capabilities. NAB’s executive director of digital experience and engagement, Michelle Sherwood, said 94 per cent…