Financial Services Innovation and Data Science
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Rescooped by Robert McKenzie from Digital Transformation of Businesses
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What is IT's role in digital transformation?

What is IT's role in digital transformation? | Financial Services Innovation and  Data Science | Scoop.it
Digital technology is revolutionising business but the role that IT departments play in digital transformation is not clear.

Via Farid Mheir
Robert McKenzie's insight:
The 'theme' of who should lead and who should coordinate is becoming a common challenge. This plays out in big data and analytics , innovation, digital transformation and is really an issue of coordination and governance
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Farid Mheir's curator insight, October 23, 9:25 PM

A survey of 812 senior executives continues to show that companies expect IT and the CIO to drive the digital transformation but that IT department are not ready or equipped to lead the way. Been like that for a long time. Sad.

Jean-Marie Grange's curator insight, October 28, 9:58 AM
OK, this study is sponsored by SAP, so it is IT centric, but it is intersting to read that collaboration between all the departments (IT and non-IT) is seen as a key success factor in digital initiatives. Very true, but not always easy to implement...
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Blockchain, IoT, Artificial Intelligence Poised to Shake Up Healthcare

Blockchain, IoT, Artificial Intelligence Poised to Shake Up Healthcare | Financial Services Innovation and  Data Science | Scoop.it
Artificial intelligence, blockchain, and the Internet of Things are some of the top big data technologies to watch in the healthcare industry.
Robert McKenzie's insight:
A nice summary of the opportunity in healthcare to improve patient care and reduce costs. Insurers take note!
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Hughes Systique's curator insight, October 25, 6:19 AM
Blockchain, the Internet of Things, and artificial intelligence will all be technologies to watch as the healthcare industry delves into its big data stores.
 
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The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services

The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services | Financial Services Innovation and  Data Science | Scoop.it
The report builds upon the findings from Deloitte/World Economic Forum report Disruptive Innovation in Financial Services and looks at the impact of implementing distributed ledger technology across nine sectors of financial services. Our findings suggest this technology has the potential to “live-up to the hype” and reshape financial services, but requires careful collaboration with other emerging technologies, regulators, incumbents and additional stakeholders to be successful.
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EY - Blockchain reaction: Tech plans for critical mass

EY - Blockchain reaction: Tech plans for critical mass | Financial Services Innovation and  Data Science | Scoop.it
Blockchain is the first native digital medium for peer-to- peer value exchange, establishing the rules - in the form of globally distributed computations.
Robert McKenzie's insight:
“Blockchain shifts cybersecurity from depending on one to depending on many, and a large volume of people are much more trustworthy than any one individual.”

A key attribute -often understated

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You can increase your intelligence: 5 ways to maximize your cognitive potential

Robert McKenzie's insight:
The quick summary..push yourself in everything you do and you'll get better
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Azure/azure-blockchain-projects

Azure/azure-blockchain-projects | Financial Services Innovation and  Data Science | Scoop.it
azure-blockchain-projects - Home of blockchain and distributed ledger projects like Azure Blockchain as a Service DevTest labs artifacts.
Robert McKenzie's insight:
A nice overview and a bold move by Microsoft to create a global blockchain infrastructure on Azure that supports. The whitepaper is a good overview of the topic.
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How blockchains could change the world | McKinsey & Company

How blockchains could change the world | McKinsey & Company | Financial Services Innovation and  Data Science | Scoop.it
Ignore Bitcoin’s challenges. In this interview, Don Tapscott explains why blockchains, the technology underpinning the cryptocurrency, have the potential to revolutionize the world economy.
Robert McKenzie's insight:
One of the most respected writers on the changes in technology says " I’ve never seen a technology that I thought had greater potential for humanity." . "A platform for truth and a platform for trust."
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WooTrader proves what startups can accomplish when they get the data they need - Quandl Resource Hub

WooTrader proves what startups can accomplish when they get the data they need - Quandl Resource Hub | Financial Services Innovation and  Data Science | Scoop.it
We recently spoke to Atanas Stoyanov, CEO of WooTrader, about his journey from a software programmer to FinTech founder. In 2007, Stoyanov sold his previous company, an Inc 500 firm that developed software optimization tools. He then turned his considerable programming talent to helping investors keep up with rapidly changing markets. He launched WooTrader, with the Continue Reading
Robert McKenzie's insight:
This is what the next generation of Robo advice needs to look like. 
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3 Companies Leading the Blockchain as a Service (BaaS) Revolution

3 Companies Leading the Blockchain as a Service (BaaS) Revolution | Financial Services Innovation and  Data Science | Scoop.it
This article contains insights on blockchain as a service (BaaS) and companies deploying the solution to experiment with the technology.
Robert McKenzie's insight:
Did the author miss Accenture and Digital Asset or do they believe it will stop at implementation and integration.
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Ethereum Used for ‘First’ Paid Energy Trade Using Blockchain Tech - CoinDesk

Ethereum Used for ‘First’ Paid Energy Trade Using Blockchain Tech - CoinDesk | Financial Services Innovation and  Data Science | Scoop.it
The Ethereum blockchain is being used by Transactive Grid to log energy created by solar panels so that it can be sold to neighbors connected to the grid.
Robert McKenzie's insight:
This is another great example of the disruptive effect of Blockchain. Imagine this connected to the Tesla home battery system ... community energy self sufficiency is a mere step away
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16-082MR ASIC consults on proposed guidance about 'robo-advice' | ASIC - Australian Securities and Investments Commission

Robert McKenzie's insight:
ASIC invites comment on their guidance for Robo advice . A sign that the industry is growing and gaining credibility

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jashmenn/bitcoin-reading-list

jashmenn/bitcoin-reading-list | Financial Services Innovation and  Data Science | Scoop.it
bitcoin-reading-list - a reading list for learning to program Bitcoin transactions
Robert McKenzie's insight:
Great list of resources related to Bitcoin


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Cutting through the noise around financial technology | McKinsey & Company

Cutting through the noise around financial technology | McKinsey & Company | Financial Services Innovation and  Data Science | Scoop.it
We estimate there are today more than 2,000 start-ups offering traditional and new financial services. Here's how banks should respond.
Robert McKenzie's insight:
Is this simply saying "if you can't beat them join them?"
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Analytics's curator insight, March 30, 3:23 AM
Is this simply saying "if you can't beat them join them?"
Arnold Haine's curator insight, March 31, 5:00 AM
Is this simply saying "if you can't beat them join them?"
Rescooped by Robert McKenzie from BLOCKCHAIN & FINTECH: The Latest Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance
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Accenture: Nine out of 10 Major Banks in North America and Europe Exploring Blockchain Technology for Payments

Accenture: Nine out of 10 Major Banks in North America and Europe Exploring Blockchain Technology for Payments | Financial Services Innovation and  Data Science | Scoop.it

Nine out of 10 banking professionals surveyed at large U.S., European and Canadian commercial banks said their company is currently exploring the use of blockchain technology for payments, according to a new report from Accenture. The initiatives are designed to reduce costs, speed payments, reduce errors and drive new revenues.


Via DigiFinanceGirl
Robert McKenzie's insight:
Huge opportunity for banks to do more than just make their existing services more efficient
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Google Reveals Its 9 Principles of Innovation

Google Reveals Its 9 Principles of Innovation | Financial Services Innovation and  Data Science | Scoop.it
Want to know what's in Google's secret sauce? Chief social evangelist Gopi Kallayil dishes out the tech giant's success recipe.
Robert McKenzie's insight:
I re-read these over the weekend (first published 2013) and was struck with how relevant they are. Still looking for that 20% to spend on innovation..
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Distributed Ledgers in Payments: Beyond the Bitcoin Hype

Distributed Ledgers in Payments: Beyond the Bitcoin Hype | Financial Services Innovation and  Data Science | Scoop.it
Distributed ledgers present banking executives with intriguing opportunities. Forward-thinking institutions are starting to move beyond experimentation to realize the potential for faster, more efficient payments.
Robert McKenzie's insight:
Another interesting consulting house commentary on Bitcoin/Blockchain.
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MEDICI Top 21 – Blockchain Awards: Announcing the Leaders Working With Technology of the Future

MEDICI Top 21 – Blockchain Awards: Announcing the Leaders Working With Technology of the Future | Financial Services Innovation and  Data Science | Scoop.it
In this article, Let’s Talk Payments announces the results of the MEDICI Top 21 - Blockchain Award.
Robert McKenzie's insight:
Worth a browse to get a snapshot of the key use cases for Blockchain.
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Blockchain: The 21st Century's Revolution - Adrenaline

In our last blog post about Will the Coder in the Basement Replace the Banker?, we provided an infographic to describe the function and development of this alternative currency that has presented challenges to global currency infrastructure. While the development of an alternative currency not tied to any oversight body like the Federal Reserve may …
Robert McKenzie's insight:
Some interesting infographics showing the expansion of blockchain use cases across industry as well as estimating the substantial cost saving opportunity for financial services companies
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Occasional paper series

Occasional paper series | Financial Services Innovation and  Data Science | Scoop.it
Read occasional paper series by the ECB on various topics.
Robert McKenzie's insight:
The ECB occasional paper on blockchain technology explores the primary use cases and benefits of distributed ledgers. The important point is the regulatory scrutiny and acceptance of the role of the technology.
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Post-Trade Clearing & Settlement Processing Optimization: An Opportunity for Blockchain?

Post-Trade Clearing & Settlement Processing Optimization: An Opportunity for Blockchain? | Financial Services Innovation and  Data Science | Scoop.it
This article talks about whether or not the post-trade clearing & settlement processing optimization is an opportunity for blockchain.
Robert McKenzie's insight:
The benefit description areas are accurate, the application to the Australian market accurate, the estimated timeframe of 5-10 years too long, this seems to be moving twice as fast
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Blockchain Needs to Go Commercial in 2016; Ripple Has a Head Start | Ripple

The opportunity for distributed financial solutions to reduce the friction in payments at financial institutions and large corporates is extensive.
Robert McKenzie's insight:
33% reduction in payment costs ..a good start ..Ripple vs Blockchain do we need to choose or is it as I think USE case by USE case.
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A Strategist’s Guide to Blockchain

A Strategist’s Guide to Blockchain | Financial Services Innovation and  Data Science | Scoop.it
The distributed ledger technology that started with bitcoin is rapidly becoming a crowdsourced system for all types of verification. Could it replace notary publics, manual vote recounts, and the way banks manage transactions?
Robert McKenzie's insight:
A more pragmatic approach to the topic of Blockchain with insight into the use cases and in effect a recommendation to use a Lean Innovation Approach . 

Solid
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Blockchain is the most disruptive invention since the Internet itself - not just in finance

Blockchain is the most disruptive invention since the Internet itself - not just in finance | Financial Services Innovation and  Data Science | Scoop.it
By now you are sure to have heard of Bitcoin and the blockchain technology. Even so, very few people seem to realize that the blockchain won't just kill banks, brokers and credit card companies.
Via jean lievens
Robert McKenzie's insight:
"Thinks of it as an operating system for interactions" great summary of the disruptive potential
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Know more about Blockchain: Overview, Technology, Application Areas and Use Cases - Let's Talk Payments

Know more about Blockchain: Overview, Technology, Application Areas and Use Cases - Let's Talk Payments | Financial Services Innovation and  Data Science | Scoop.it
This page talks about Blockchain concepts and its financial and non-financial use cases.
Robert McKenzie's insight:
At first look this seemed to be a repeat of a previous article howvever if you look deeper there is further insight into the start up community around blockchain and more non financial use cases
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How to Calm Your Brain During Conflict [Infographic]

How to Calm Your Brain During Conflict [Infographic] | Financial Services Innovation and  Data Science | Scoop.it
Learn how conflict affects us psychologically andhow to keep your cool and handle these situations rationally and effectively.
Robert McKenzie's insight:
When a persons heartbeat exceeds 100 BPM you are unable to fully understand what has been said..says a lot for my comprehension whilst cycling...
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