Blockchain
The remarkable growth of Fintech with Jakub Hytka (Senior Manager at EY) at PICANTE TECH Conference Europe (TCE2019 Prague)
Senior manager in EY’s Financial Services Advisory team to join Fintech-related panel discussion at PICANTE TECH Conference Europe 2019.
It seems that there are some financial advisors out there who seem to know the client’s needs before they do. Wondering how is this possible? Well, there’s a good chance that software is part of the reason and that software comes in the form of Fintech.
Financial technology — or fintech, for short — has increased competition in the advice business via automated online platforms, and at the same time, advisors have found that the new digital advances have bolstered their ability to serve clients, both by freeing up their time and helping their businesses run more efficiently.
While the term Fintech generally refers to technology that enables parts of the financial services world to be automated. For advisors, it means a totally different thing. Advisors use Fintech to handle tasks such as portfolio rebalancing and data aggregation. In many cases, advisors use Fintech to keep tabs on the particulars of each client’s situation. The result of using the digitized system is less time spent crunching numbers, entering data and poring over spreadsheets.
This year, in the EY third biennial FinTech adoption trends survey, 96% of the 27,000 consumers surveyed (across 27 global markets) reported they were at least aware of a FinTech transfer or payments service – and 75% had used one. The survey also identified growth in the SME market across the key categories of banking and payments, financial management, financing, and insurance.
Adoption rates continue to lag in the US, while Europe’s investments in open banking have contributed to higher adoption rates in that region.
During the inaugural PICANTE TECH Conference Europe (TCE2019), which will take place in Prague on the 3rd of September at Vienna House Andel’s Prague, Jakub Hytka, Senior Manager at EY, will explain how implementing Fintech can bring benefits for your company or where you can invest. REGISTER HERE to secure your seat!
About Jakub Hytka
Senior manager in EY’s Financial Services Advisory team based in Prague with a main focus on innovative business digital solutions, digital business strategy, and innovative data usage for business and risk purposes.
Jakub has led and deployed a number of large scale implementation projects across the CEE region focused on the development of end-to-end digital sales solutions, covering all relevant workstreams incl. regulatory, credit risk, business and IT.
PICANTE Tech Conference Europe is designed to bring both people and knowledge together and provides the excellent ecosystem of networking and learning opportunities without interruptions with emphasis on comfort and communication. After learning from genuine world-class experts and wayseers, meeting achievers shaping the B2B ecosystem, all attendees will get the chance to grab a drink and relax while networking at the evening social gathering.
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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