Tag: report

Robots May Take as Many as 20% of the World’s Jobs by 2030

Depending on how you want to look at it, robots will either become a huge problem or not much of a threat. According to a new study by the McKinsey Global Institute, up to 800 million jobs may be lost to robots in the next few years. That is quite a high number, especially considering this will affect around one-third of the workforce of richer nations. On a global scale, the …
[Read More]

Australian Government Releases Response on Digital Currency & FinTech Regulations

The Australian Government has released a 5-page report detailing its response to the recommendations made by the Australian Senate Economics References Committee last year, which called for all digital currency exchanges within the country to be brought under existing anti-money laundering (AML) and counter-terrorist finance (CTF) regulations. The Senate Committee’s report also recommended that digital currencies should be treated as traditional fiat currencies for the purpose of eliminating double-taxation under …
[Read More]

Morgan Stanley Report Claims Private Blockchains are the Future

Morgan Stanley has released a 31-page report examining the potential knock-on effects of blockchains and distributed ledger technologies on financial institutions. The report, titled “Blockchain in Banking: Disruptive Threat or Tool?”, argues that the financial establishment will have the upper hand with their private blockchain innovations. According to Morgan Stanley’s report, regulatory issues will have negative effects on non-permissioned public blockchain networks. “The market underestimates the advantages banks and custodians …
[Read More]

SWIFT Releases In-Depth Report on Distributed Ledgers

SWIFT has released a 20-page report on Distributed Ledger Technologies (DLTs) that takes a critical look at the current state of the technology as well as the technical and regulatory challenges of implementing DLTs in the financial services space. The report, SWIFT on distributed ledger technologies, was published with assistance from global consulting firm Accenture. The paper breaks down the exploration of DLTs in several sections: governance, data controls, compliance, …
[Read More]