Fintech (finance technology) innovation is taking centre stage in the global finance revolution. With advances in computing, automation and communication, this new technology is set to make waves in trading, payments, clearing, and regulatory compliance.
This week, the Centre for Global Finance and Technology at Imperial College Business School, along with The Centre for Economic Policy Research and the Review of Finance, will be presenting theoretical and academic research on the technology underpinning finance at the 2016 Imperial Fintech Conference.
This inaugural one day conference, will push the frontiers of fintech and bring together the minds of the world’s leading banks (Bank of England, De Nerderlansche Bank, and the Bank of Canada) to discuss their views on how fintech could change the business world.
The day’s agenda will be centred on blockchain distributed ledger technology (and its applications to modern finance), cryptocurrencies, peer-to-peer lending, fintech regulatory initiatives, and the value and challenges of virtual currencies.
Fintech, the application of digital technology to manage risk, is rapidly shaping the finance sector. It is also causing a stir amongst consumers. With many concerned about cybercrime, particularly when making online transactions, people are looking to fintech to deliver safer financial services.
“We have been in the digital space for some time. But what is interesting about fintech is that it will create solutions and bring new opportunities we have not seen before”, says Dr Andrei Kirilenko, Director of the Centre for Global Finance and Technology.
The rise of fintech is set to change the way we do business and at lower cost. It has the potential to improve the transparency and accessibility of data; efficiencies that businesses, governments and consumers may benefit from. But fintech also poses its own set of challenges, which the conference aims to tackle.
The 2016 Imperial Fintech Conference will be held on Friday 7 October at the Business School. Receive live updates from the event by following the hashtag #IBfintech on Twitter.