Category: FINANCIAL SERVICES

Finding The Best Blockchain System For Your Business

By now you may have understood some aspects of a Blockchain system and may have even started to search for one. A Blockchain system will not only help create security layers on your data but it also makes it available to those interested in reading the transactions. Essentially, it can be termed as a form of highly sophisticated electronic ledger what allows personnel to keep an eye on the available hash data without having to look for it elsewhere. So far so good but wait. What if the system you had invested into causes malfunctioning or goes out of order? What if you ended up buying a system of questionable quality or it somehow didn’t perform up to your expectations? Keep in mind that it is still a software based technology and we all know that software, despite having several layers of encryption and security are prone to malfunction. The first thing to look for in your yet to be bought Blockchain system is the reliability. You cannot beat the worthiness of reliability no matter how much value you associate with other features.

Once you’ve achieved desired reliability, it is time to shift to the second aspect which is data generation and protection. Though you should be doing it one step at a time, there is an easy way out of this mess. Instead of buying the system from a seller of questionable reputation and regret your decision of buying it, you should simply look for a reputable seller in the market. Doing so will save you from a number of unwanted headaches. See it here to gain more information on what to look for in the seller:

Market Reputation

If you were given a choice to buy a software from a known seller versus an unknown one, even though the initial one was a little expensive, which one would you choose? Obviously you would choose the former due to one simple fact – reliability of the provided system. The company that has a positive reputation for selling reliable and high performance Blockchain systems should always be preferred even if the said system costs you a little more.

Similarly, you should look for sellers that have been in the market for a long time. This experience makes them well versed with customers of different types. They know how to satisfy them at all costs against the odds so you will only get the best system from them and nothing less.

In the meantime, keeping an eye on Blockchain events in the Middle East will let you attend them and gain more knowledge on the said system.

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Trends in Financial Services for 2017

The outlook for finances is not predictable. In the year 2017, will financial services experience fair weather or hit by storms? Staying ahead in the world of financial services is a challenge in so many ways. Read on and look at the various aspects of financial services and what awaits them in 2017:

  1. Securities and banking. The market’s initial reaction to the unexpected outcome of the elections in the U.S. showed evidence of better prospects for capital market firms and banks in 2017. Changes in structures will continue in the form of investments and operating models in technologies for competitiveness and efficiencies.
  2. Real estate for businesses. Real estate is greatly influenced by quick demographic shifts and advancements in technology. These include varied patterns in the lifestyles of millennials, growing urbanization, and the long life of Baby Boomers. Furthermore, regulatory and macroeconomic developments continue to influence profitability.
  3. Investment management. Many major trends will possibly impact the industry of investment management in 2017. There will be shifts in consumer behavior as millennials become a greater power in investments; robotic process automation; other technologies; and more regulations from the SEC (Securities and Exchange Commission).
  4. Bigger Data. Big data will continue to grow. All financial companies have realized their potential. Everyone if taking videos and photos, clicking, chatting, and emailing more than ever. Companies are now recognizing the fact that data is very valuable, so they have taken the steps to store it at every opportunity. Access to new forms of technology and access to the appropriate skill sets are vital. The data scientists’ supply and demand will move toward the equilibrium. This allows the application of advanced techniques in fraud and banking. Because of this, real time alerting and analysis are slowly becoming more efficient.
  5. Blockchain. Blockchain is the hottest subject of discussion in Fintech. Based on a report made by the World Economic Forum, ledger technology can possibly reshape financial services by means of the following:
  • Driving efficiency and simplicity through the establishment of new financial services processes and infrastructure.
  • Questioning and transforming traditional orthodoxies in present business models.
  • Establishing the foundation of the next generation infrastructure of financial services in conjunction with emerging and existing technologies.

What Blockchain represents cannot be ignored. Year 2017is considered the   start of what is called the Blockchain revolution. This revolution drives the defining of the future shape and the transformation of financial services.

  1. Slowly climb down or Drop down. In the world of financial institutions, huge data initiatives revolve around the enhancement of customer experiences or intelligence—thus, meeting objectives and reducing risks. This occurrence will not change. The big Tier-1 financial firms will continue to tackle them. Smaller and mid-tier firms (regional banks, asset management, brokerage, advisors, etc.) can adopt data platforms that are secure and new. These will help leapfrog and match architectural markets, accelerating their strategic technology, growth, and profitability. This elevated flexibility and speed has the capability of releasing a brand-new wave of disruptive players in 2017.

Financial services will once again trek a challenging path in 2017. Just keep an eye on your chosen financial services, so that you can be updated about their performances.

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