Blockchain technology has been a transformational technology in the world of finance, and financial institutions have been investing and experimenting heavily. Learn what has been effective, how to move from a technology-first approach to focusing on business solutions and what future products the technology enables that will change the shape of finance.
Blockchain has the potential to transform the supply chain and disrupt the way goods are produced, marketed, purchases and consumed. Learn how blockchain can address multiple retail and supply chain challenges, including counterfeit prevention; stolen merchandise recovery; fraudulent transactions; insurance and theft protection; and intellectual property and rights management.
Embedded Finance - the $7 Trillion market opportunitySimon Torrance
Embedded Finance is a new way for companies across all sectors to create and capture more value. It allows any brand to create and sell attractive financial services (payments, credit, insurance, investments, savings) either as invisible native components of, or add-ons to, their customer experiences. This helps them to increase loyalty and/or generate new high margin revenue in new ways. For the (software) companies who enable Embedded Finance, this offers a very exciting new market.
Financial Technologies Innovations: A Roadmap to Social Well BeingVinod Kashyap
What is Financial Technology ?
Some facts about FinTech
Most active areas of FinTech Innovation
How financial technologies (FinTech) can help in providing financial services and financial products to unbanked and underbanked ?
Blockchain for Power & Utilities – real or hype?EY
What does blockchain mean for the power and utilities industry? Find out how blockchain is being used by utilities today and how to prepare for the coming revolution.
Blockchain has the potential to transform the supply chain and disrupt the way goods are produced, marketed, purchases and consumed. Learn how blockchain can address multiple retail and supply chain challenges, including counterfeit prevention; stolen merchandise recovery; fraudulent transactions; insurance and theft protection; and intellectual property and rights management.
Embedded Finance - the $7 Trillion market opportunitySimon Torrance
Embedded Finance is a new way for companies across all sectors to create and capture more value. It allows any brand to create and sell attractive financial services (payments, credit, insurance, investments, savings) either as invisible native components of, or add-ons to, their customer experiences. This helps them to increase loyalty and/or generate new high margin revenue in new ways. For the (software) companies who enable Embedded Finance, this offers a very exciting new market.
Financial Technologies Innovations: A Roadmap to Social Well BeingVinod Kashyap
What is Financial Technology ?
Some facts about FinTech
Most active areas of FinTech Innovation
How financial technologies (FinTech) can help in providing financial services and financial products to unbanked and underbanked ?
Blockchain for Power & Utilities – real or hype?EY
What does blockchain mean for the power and utilities industry? Find out how blockchain is being used by utilities today and how to prepare for the coming revolution.
2019 Global University Pitch Competition Intro DeckKevin Rutter
Do you have a cool business idea for blockchain technology, but are disillusioned by crypto price depreciations, broken promises of forked architectures, hypocritical ideologies, and ICO scams? Cheer up! The dream of blockchain is still alive!!!
R3’s 2019 Global University Pitch Competition, now open and accepting submissions, is THE place for any student (team) globally to elevate their idea for blockchain technology to the next level. The winning team will receive $15,000 as well as the support and resources necessary to begin to BUIDL a sustainable business. No technical expertise or previous knowledge required – the competition is built to be accessible for all types of students.
Promising start-ups such as Elphi and Finteum have proven that student-driven companies often tend to think more disruptively with their business models. The progress of these start-ups has shown that R3’s guidance and office space, coupled with access to our extensive network of 100+ banks and 200+ partners, can be invaluable for students early in their blockchain journey.
We certainly see a divide between technological capabilities and business needs in the blockchain space, particularly for early stage ideas. Successful start-ups in the enterprise blockchain space are those that combine industry-specific knowledge and technical savvy to identify a business problem that fits the technology well. These initiatives leading the market have followed the timeless advice of Theodore Levitt: "People don't want to buy a quarter-inch drill. They want a quarter-inch hole."
Turn that cool idea into something more. Visit https://www.r3.com/pitch-competition/ to get started!
PSD2 is finally here and 2018 is turning out to be a big year for the banking industry as financial institutions open their APIs and make them available to third-party providers.
Find out what Kony is doing about Open Banking and Kony PSD2 solution.
Corda DLT implementation case study. Double spend fraud prevention in factoring/bill of exchange discounting/advance invoice payment using distributed ledger technology. Data integrity, business process improvement, universal and scalable architecture, baseline for further service deployment from participating banks. Lessons learned from the real Corda DLT implementation.
Presented on June 11, 2018 in Łódź, Poland during Blockchain Business meet up https://www.meetup.com/pl-PL/Blockchain-Business-Lodz/
This report summarizes how Innovative technologies are disrupting the financial industry and how organizations can leverage them to their advantage.
It is a must read for senior executives in banks and other financial service providers (FSPs).
The playbook captures the journey of 26 FinTech hubs in emerging markets, their experiences and learnings in the process of building a strong financial services ecosystem.
This report serves to facilitate hubs to think global and act local through an appreciation of global trends, local drivers and regional opportunities.
“Over the past two decades, the Internet has
revolutionized many aspects of business and
society... Yet the basic mechanics of how people
and organizations execute transactions… have
not been updated for the 21st century. Blockchain
could bring to those processes the openness and
efficiency we have come to expect
in the Internet Era.”
—Arvind Krishna
Senior VP, IBM Research
In this presentation I talk about the state of the digital currency economy in mid 2020, including my unique perspective as CEO of Gilded, a B2B payment solution using digital currency.
I also discuss what it will take to get the flywheel moving and grow the digital currency economy in 2021 and beyond.
Top 21 Decentralized Finance (DeFi) Projects - Executive SummaryMEDICI Inner Circle
In this research report, MEDICI analyzes the DeFi landscape and brings to you 21 of the best projects. The report highlights the rapid growth of DeFi globally, how COVID-19 has catalyzed its growth, and some of the most prominent projects working to disintermediate different facets of finance, viz. lending, decentralized exchange, payments and wallets, derivatives, and insurance.
Distributed Ledger Technologies (DLT). El blockchain en Cataluña. Technological report ·Enero 2020 de l Generalitat de Catalunya. (España).
Las expectativas que genera el blockchain son muy elevadas y para el 2022 se estima que la previsión del gasto mundial será de 12.400 millones de dólares . Se trata de un crecimiento muy grande teniendo en cuenta que por el 2019 fue de 2.900 millones de dólares, un aumento del 88,7% de los 1.500 millones de dólares gastados en 2018. No en vano, el aumento de la demanda para poder hacer pagos más rápidos y seguros ha hecho del blockchain uno de los mercados tecnológicos de más rápido crecimiento del mundo.
The Pitch Deck (version 2) for Eliconn - a blockchain technology and fintech-approached company which provides services for Supply Chain Finance (SCF) in multiple areas.
Fintech o2o digital hybrid finance presentation by Grow VC GroupGrow VC Group
Digital hybrid finance presentation for fintech online-to-offline conference in Hong Kong - how the traditional finance can cooperate with and utilize fintech and digital finance.
Our latest quarterly "State of Blockchains" report on developments in the blockchains space, across startups, government and corporate adoption. This information has been provided to help build knowledge and understanding in the emerging blockchain and DLT space.
Round 2 - The Future of Digital Currency - Bhupinder DulkuBhupinder Dulku
Bhupinder Dulku's Round 2 submission of Project Firefly & Credit Suisse Research Institute's Academy Challenge 2018. This paper placed Top 4 (Chairman's Circle) against 150 participants from 20 different countries.
Using blockchains, we can integrate business information, process and payments in a single infrastructure. Industrializing the blockchain means making it simple to apply this technology to your business. Learn how to build industry-focused solutions, leveraging EY’s global reach as well as the breadth and depth of our service lines.
Overview of blockchain technology and architectureEY
The adoption of blockchain technology continues to accelerate across a wide array of industries, yet many of our clients are confused about how to deploy these solutions within their environment. EY has developed a blockchain stack that fits within the existing enterprise infrastructure, project and system development life cycle approaches that are customized to the new technology, and development frameworks to streamline our deployment.
2019 Global University Pitch Competition Intro DeckKevin Rutter
Do you have a cool business idea for blockchain technology, but are disillusioned by crypto price depreciations, broken promises of forked architectures, hypocritical ideologies, and ICO scams? Cheer up! The dream of blockchain is still alive!!!
R3’s 2019 Global University Pitch Competition, now open and accepting submissions, is THE place for any student (team) globally to elevate their idea for blockchain technology to the next level. The winning team will receive $15,000 as well as the support and resources necessary to begin to BUIDL a sustainable business. No technical expertise or previous knowledge required – the competition is built to be accessible for all types of students.
Promising start-ups such as Elphi and Finteum have proven that student-driven companies often tend to think more disruptively with their business models. The progress of these start-ups has shown that R3’s guidance and office space, coupled with access to our extensive network of 100+ banks and 200+ partners, can be invaluable for students early in their blockchain journey.
We certainly see a divide between technological capabilities and business needs in the blockchain space, particularly for early stage ideas. Successful start-ups in the enterprise blockchain space are those that combine industry-specific knowledge and technical savvy to identify a business problem that fits the technology well. These initiatives leading the market have followed the timeless advice of Theodore Levitt: "People don't want to buy a quarter-inch drill. They want a quarter-inch hole."
Turn that cool idea into something more. Visit https://www.r3.com/pitch-competition/ to get started!
PSD2 is finally here and 2018 is turning out to be a big year for the banking industry as financial institutions open their APIs and make them available to third-party providers.
Find out what Kony is doing about Open Banking and Kony PSD2 solution.
Corda DLT implementation case study. Double spend fraud prevention in factoring/bill of exchange discounting/advance invoice payment using distributed ledger technology. Data integrity, business process improvement, universal and scalable architecture, baseline for further service deployment from participating banks. Lessons learned from the real Corda DLT implementation.
Presented on June 11, 2018 in Łódź, Poland during Blockchain Business meet up https://www.meetup.com/pl-PL/Blockchain-Business-Lodz/
This report summarizes how Innovative technologies are disrupting the financial industry and how organizations can leverage them to their advantage.
It is a must read for senior executives in banks and other financial service providers (FSPs).
The playbook captures the journey of 26 FinTech hubs in emerging markets, their experiences and learnings in the process of building a strong financial services ecosystem.
This report serves to facilitate hubs to think global and act local through an appreciation of global trends, local drivers and regional opportunities.
“Over the past two decades, the Internet has
revolutionized many aspects of business and
society... Yet the basic mechanics of how people
and organizations execute transactions… have
not been updated for the 21st century. Blockchain
could bring to those processes the openness and
efficiency we have come to expect
in the Internet Era.”
—Arvind Krishna
Senior VP, IBM Research
In this presentation I talk about the state of the digital currency economy in mid 2020, including my unique perspective as CEO of Gilded, a B2B payment solution using digital currency.
I also discuss what it will take to get the flywheel moving and grow the digital currency economy in 2021 and beyond.
Top 21 Decentralized Finance (DeFi) Projects - Executive SummaryMEDICI Inner Circle
In this research report, MEDICI analyzes the DeFi landscape and brings to you 21 of the best projects. The report highlights the rapid growth of DeFi globally, how COVID-19 has catalyzed its growth, and some of the most prominent projects working to disintermediate different facets of finance, viz. lending, decentralized exchange, payments and wallets, derivatives, and insurance.
Distributed Ledger Technologies (DLT). El blockchain en Cataluña. Technological report ·Enero 2020 de l Generalitat de Catalunya. (España).
Las expectativas que genera el blockchain son muy elevadas y para el 2022 se estima que la previsión del gasto mundial será de 12.400 millones de dólares . Se trata de un crecimiento muy grande teniendo en cuenta que por el 2019 fue de 2.900 millones de dólares, un aumento del 88,7% de los 1.500 millones de dólares gastados en 2018. No en vano, el aumento de la demanda para poder hacer pagos más rápidos y seguros ha hecho del blockchain uno de los mercados tecnológicos de más rápido crecimiento del mundo.
The Pitch Deck (version 2) for Eliconn - a blockchain technology and fintech-approached company which provides services for Supply Chain Finance (SCF) in multiple areas.
Fintech o2o digital hybrid finance presentation by Grow VC GroupGrow VC Group
Digital hybrid finance presentation for fintech online-to-offline conference in Hong Kong - how the traditional finance can cooperate with and utilize fintech and digital finance.
Our latest quarterly "State of Blockchains" report on developments in the blockchains space, across startups, government and corporate adoption. This information has been provided to help build knowledge and understanding in the emerging blockchain and DLT space.
Round 2 - The Future of Digital Currency - Bhupinder DulkuBhupinder Dulku
Bhupinder Dulku's Round 2 submission of Project Firefly & Credit Suisse Research Institute's Academy Challenge 2018. This paper placed Top 4 (Chairman's Circle) against 150 participants from 20 different countries.
Using blockchains, we can integrate business information, process and payments in a single infrastructure. Industrializing the blockchain means making it simple to apply this technology to your business. Learn how to build industry-focused solutions, leveraging EY’s global reach as well as the breadth and depth of our service lines.
Overview of blockchain technology and architectureEY
The adoption of blockchain technology continues to accelerate across a wide array of industries, yet many of our clients are confused about how to deploy these solutions within their environment. EY has developed a blockchain stack that fits within the existing enterprise infrastructure, project and system development life cycle approaches that are customized to the new technology, and development frameworks to streamline our deployment.
EY Ops Chain is a unique offering that helps organizations simplify how they apply blockchain technology across the enterprise. With EY Ops Chain, blockchains expand beyond the finance function to rewrite the world of industrial collaboration by converging finance, IT and operations — creating new business and operating models.
2018 has been a roller-coaster ride for blockchain technology mostly at the hands of cryptocurrencies – blockchain’s main beneficiary. Extreme price volatility, unsuccessful ICOs, fraud, cyber security issues, and negative press around cryptocurrency would have all but killed most emerging technologies. But not blockchain.
Blockchain is entering into a new evolutionary phase with the help of tech giants like IBM, Amazon and Google who recognize the wider applicability of blockchain as a game changer in data storage, commerce, and security. Even cryptocurrency is showing promising signs as it moves out of the domain of overnight Bitcoin millionaires (and more who have lost fortunes when speculating on cryptocurrencies) to risk averse financial heavyweights such as Goldman Sachs and JP Morgan. Like the Internet, e-commerce, social media, and cloud computing before it, blockchain is on a fast track to become a ubiquitous technology.
Public, private and hybrid blockchains: what makes sense whereEY
After enthusiasm for blockchain technology usually come strong constrains about privacy, security or sulfurous reputation. Both private networks and public blockchains offer benefits but to what extent are those advantages worth the loss of control? Explore the metrics to consider when architecting a blockchain solution.
FinTech is just short for financial technology and it refers to the application of technology in the financial industry. On the other hand, blockchain refers to the distributed ledger technology behind cryptocurrencies; it allows digital information to be distributed and each piece of data can only have one owner.
Initio at World Blockchain & Cryptocurrency Summit 2018Initio
We at Initio, went to Moscow to present our vision about How Blockchain can support businesses to be compliant with these regulations? We provided leadership insights and global best market practices to answer to this major question by focusing on the 3 hot topics in EU: GDPR, MiFID and AML. Find out more about this subject in our WBC Summit Moscow slides.
Recent developments of public and private blockchains (DLTs) are described. The differences are indicated and confronted with the needs of financial institutions. The ecosystems of Blockchain, Ethereum, Digital Assets Holding and 3Rcev with their DLTs are shown. Next the working of smart contracts are presented followed by the issues and dilemmas that blockchains and smart contracts present for financial institutions. Finally attention is paid to preferred policies of monetary and regulatory authorities.
Differences between public and private blockchains are described. Attention is paid to different recent DLT approaches and confronted with the needs of banks and other financial institutions. Special attention is paid to smart contracts and the issues and dilemma's for financial institutions and monetary authorities.
Exploring Blockchain Technology, Risks, and Emerging TrendsAmazon Web Services
Blockchain has become a hot topic for enterprises, start-ups, entrepreneurs, and regulatory bodies. Born from bitcoin in 2008, blockchain's promise of a distributed ledger has far greater implications than cryptocurrency. Companies are now beginning to understand its disruptive potential and are experimenting with its most promising applications. But, few companies have asked the more fundamental question: Are we ready to adopt a shared public database for financial transactions? In this session, we cover the concepts of blockchain and use cases in the enterprise. We also demonstrate blockchain in use and show how to implement it using AWS services.
Speaker: Anand Iyer, Principal Solutions Architect, AWS
MindWorks Ventures presents 'Blockchain Report 2017' which includes an introduction to blockchain, industry trends, relevant blockchain startups, and potential risks and regulations.
This is a high level introduction to blockchain for business concepts and its business value. It focuses on what blockchain is, how why it is important and the state of the technology. It covers how business blockchains differ from cryptocurrencies such as Bitcoin.
The theme for this quarter is momentum meets uncertainty. The upward trend in crude oil, natural gas, LNG and refined product prices that began in Q1 continued into Q2. Crude oil markets began the quarter just below $100/bbl and have closed below that level on only two days since late April. As we begin Q3, there are increasing concerns about the health of the global economy and how that might affect oil and gas demand.
Quarterly analyst themes of oil and gas earnings, Q1 2022EY
Financial questions continued to attract the most attention of the analyst community, with major focus on how companies will respond to the war in Ukraine, elevated commodity prices and improved cash flows. Strategic questions focused on how the changing geopolitical environment will affect capital allocation in the short and long term. Operationally, all eyes were on the capacity of companies to step up asset utilization and bring new projects to market quickly. Explore the latest EY quarterly analysts themes.
EY Price Point: global oil and gas market outlook, Q2 | April 2022EY
The theme for this quarter is rearrangement. The loss, or potential loss, of Russian oil and gas supplies is forcing producers, refiners and traders to rethink the flow of crude oil and refined products from the wellhead to the gas pump in light of sanctions, potential sanctions and the risk of reputational damage. Countries, companies and consumers will all be searching for ways to adapt, and the outcome of the race to bring alternatives to market could alter the global energy landscape for years to come.
It is likely crude oil and LNG prices will remain elevated for some time. The process of diverting Russian oil through countries unwilling to sanction it will take time and there is little indication OPEC members are willing (or able) to increase production to make up for the loss of Russian crude. Spare capacity sat at 3.7 mbpd at the end of 2021, just above where it was in January 2020. Currently, sanctioned Venezuelan and Iranian production (about 3 mbpd below their peak) could fill the gap, but political and commercial obstacles remain. At today’s prices, US shale production is attractive, but the fastest the industry has been able to grow is between 1mbpd and 2mbpd per year. The LNG infrastructure was already stretched before the war in Ukraine and there is little prosect of finding new supplies soon.
As the largest buyer of Russian energy, Europe will be the epicenter. There is a deeply embedded bias there in favor for renewable energy, and the current crisis is certain to result in an all-out effort to accelerate the build-out of wind and solar power. The capacity to add new green energy is limited though by the project pipeline and supply chains for solar panels and wind turbines, and it is likely that much of the shortfall will be made up with the new LNG infrastructure.
EY Price Point: global oil and gas market outlookEY
As the last quarter of the second pandemic year draws to a close, we continue to see heightened contrast
between the medical and economic points of view. While COVID-19 cases are close to their all-time highs, so
are equity prices, and a leading investment bank declared (on 2 December, 2021 after the Omicron outbreak in South Africa) that it was “optimistic about the possibility of a vibrant 2022.” When news of the variant hit in
late November, the markets were rocked by the prospect of yet another round of local mobility restrictions and
an interrupted return to normal international travel patterns, on top of the Biden Administration’s announced
release of 50 million barrels of crude from the US Strategic Petroleum Reserve. So far though, with OPEC
standing by its planned gradual return to normal production, oil prices have stabilized, albeit below where they
were in mid-November. Henry Hub prices, always at the mercy of the weather, responded predictably to a
warmer-than-normal early winter in the US, falling from US$6.60/MMBtu in early October to below
US$4.00/MMBtu by mid-December. In Europe and Asia, following a short reprieve at the start of the quarter,
piped natural gas prices have spiked again on concerns triggered by Russian troop buildups on the Ukraine
border and uncertainties surrounding the Nordstream 2 pipeline. Looking forward, OPEC and the U.S. Energy
Information Administration (EIA) in their last forecasts of the year both projected that 2022 oil demand would
be above what we saw in 2019. Although time will tell if those forecasts are realized and other events could
intervene, the response to new virus outbreaks is well-practiced and the trade-off between public health and
economic reality has tipped toward a cautiously optimistic view.
EY Price Point: global oil and gas market outlook, Q2 April 2021EY
The theme for this quarter is governed. Apparent market balance at prices that could be sustainable is the product of calculated choices by market leaders and the cooperation of those who follow them. Economics played their customary role as well, with capital scarcity in North America taking about 2 million barrels per day out of the market, about half of the remaining gap in demand. While inventories are close to their pre-COVID-19 levels, there is still uncertainty. The resolution of the pandemic is in sight, but timing is unclear. Vaccine distribution in the US is having an impact but Europe is struggling to contain a third wave of infections. The taps have opened on economic stimulus, but it remains to be seen if policymakers have done enough or if they have overshot the mark.
The shape of the crude oil forward curve has fundamentally changed since the end of the last quarter. In late December of last year, the Brent forward curve was gradually increasing while today, the curve is backwardated. This is a clear sign that the market sees a short-term dynamic that is disconnected from the medium-to-long-term fundamentals. The lasting impact of the COVID-19 pandemic remains to be seen. While many have opined that COVID-19 marks a turning point in energy transition, the IEA recently released a five-year forecast of oil demand that shows steady growth, albeit at rates that are below historical expectations.
Gas markets are a paradox. At the Henry Hub and at LNG destinations, demand grows, investment lags and prices will occasionally attract attention. Traders, so far though, are unconvinced and futures prices don’t indicate imminent scarcity at any link in the value chain.
EY Price Point: global oil and gas market outlookEY
We enter 2021 on a note of cautious optimism for global health, the world economy, and the oil and gas markets. The first weeks of December brought approval in the US and the UK of the first of several COVID-19 vaccines. The speed with which vaccine development occurred is unprecedented, but certainly welcome. In the weeks following the early November announcement of 90+% effectiveness by the manufacturer of the first approved vaccine, the price of WTI crude oil increased by US$10/bbl to US$48/bbl, the highest level since early March. Sustainability hasn’t returned yet, and whatever time it takes to get the world to normal, it will take even longer for normalization within the oil and gas markets. Inventories remain at historically high levels and, optimistically, it will take until April before inventory returns to levels observed in the preceding five years. That’s an estimate, and there has obviously been some difficulty properly calibrating the expectations of how balance will return and how long it will take. In late November, OPEC met to adjust its output plans because of the anemic rebound in demand. In mid-December, the IEA lowered its demand forecast for 2021 due mostly to continued sluggishness in aviation fuel demand.
A mild winter has interrupted a recovery in North American natural gas prices after a run-up motivated by curtailed capital expenditures, upstream activity and production. After an initial meltdown, with cargo cancellations and dramatic price reversal, LNG markets have made a remarkable comeback, and the spread between Asia and Henry Hub has reached a level we haven’t seen in almost three years. It may be the case that interruption in FIDs has brought us to the cusp of a balance that can support reliable returns.
EY Price Point: global oil and gas market outlook (Q4, October 2020)EY
Oil and gas prices have recovered steadily from their lows and are relatively stable, but that stability is supported by the combination of purposeful withholding of production by oil-producing countries and economic stress on upstream independents. Oil prices closed the quarter roughly where they started it, while refining spreads were down slightly. LNG spreads were substantially higher at the end of Q3 than they were at the beginning of the quarter but are still roughly half of what is generally thought of as sustainable.
Going forward, the market will be looking closely at how the economy and demand respond to new developments with respect to a potential COVID-19 vaccine and the US election.
EY Price Point: global oil and gas market outlookEY
As we close the second quarter of 2020, in most of Europe and Asia, the first (and hopefully last) wave of the COVID-19 crisis appears to be abating. In the parts of the US where the virus hit early, the profile has largely matched Europe’s, while in other parts, the urge to reopen businesses has trumped the desire to contain the virus and uncertainty looms. In the developing world, the crisis has just begun, but without the economic headroom and resources necessary to contain it. As the crisis unfolded, the effect on oil and gas demand has been predictable but difficult to gauge precisely and therefore difficult to manage.
Oil prices have crept up steadily as production has been curtailed through coordinated action (OPEC+) and because of economic reality (unconventional oil in North America). That trend has been subject to momentary spasms when bad news hit the market. It would be understandable if traders were nervous, and it seems that they are. Although nowhere near where it was at the peak of the crisis, option implied volatility is still at historically high levels. Gas markets, without the benefit of coordination on the supply side, continue to deal with the market implications of storage at or near capacity. Interfuel competition in power generation has always provided something of a floor, but those lows have been, and will continue to be, tested.
Zahl der Gewinnwarnungen steigt auf RekordniveauEY
Immer mehr deutsche börsennotierte Unternehmen müssen ihre eigenen Umsatz- oder Gewinnprognosen nach unten korrigieren. Im ersten Quartal stieg die Zahl der Prognosekorrekturen auf ein neues Rekordniveau: Insgesamt 77 Gewinn- oder Umsatzwarnungen wurden registriert.
Die Corona-Krise trifft auch die Versicherungsbranche mit voller Wucht. Die Versicherer rechnen mit weniger Neugeschäft. Jeder Fünfte mit Personalabbau und Prämienerhöhungen.
Liquidity for advanced manufacturing and automotive sectors in the face of Co...EY
With a global economy in crisis due to Covid-19 our liquidity and cash management deck for advanced manufacturing and
mobility companies looks at how these companies should best respond.
IBOR transition: Opportunities and challenges for the asset management industryEY
EY Wealth & Asset Management explores the practical implications and the way forward for the transition to the new risk-free rates. This presentation aims to help asset managers and asset owners explore IBOR transition strategies that are compliant and future-focused.
Fusionen und Übernahmen dürften nach der Krise zunehmenEY
Folgt auf die Corona-Krise ein M&A-Boom? Laut Capital Confidence Barometer von #EY hoffen 40 Prozent der deutschen Unternehmen auf sinkende Bewertungen von Übernahmekandidaten.
EY Price Point: global oil and gas market outlook, Q2, April 2020EY
The first quarter of this year has seen some extraordinary events. As if chronic oversupply, prices stuck below sustainable levels, the looming energy transition, and investor pressure to decarbonize weren’t enough, our industry now faces a dramatic, but hopefully temporary, downturn in demand as a result of the ongoing COVID-19 outbreak.
Our Global Chemical Industry Leader Frank Jenner explores the trends and drivers that will shape the chemical industry of tomorrow in our latest Chemical Market Outlook.
Die Geschäftslage im Mittelstand hat sich leicht verschlechtert, ist in den meisten Branchen aber weiter überwiegend gut - die Einstellungsbereitschaft sinkt.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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2. Page 1 EY Global Blockchain Summit
Financial services
Exchanges, settlements, payments and embedded finance
3. Page 2 EY Global Blockchain Summit
Unique
identification
Each participant in the
network is assigned a
public-facing address
(like email) unique to
the participant.
Data reconciliation
Because parties to a
transaction share an entry
on the blockchain,
transaction records are
automatically reconciled
up front.
Asset creation and
transfer
1Assets can be created
or represented on a
blockchain, and
securely transferred
between parties.
Cryptocurrency
Securities
Commodities
Property
Interbank ledgers
Post-trade netting
Peer-to-peer payments
Product chain of custody
Customers
Merchants
Entities and counterparties
Regulators
In financial services, blockchains are used for
2 3
4. Page 3 EY Global Blockchain Summit
► Clearinghouse completed first leg of post-trade trial focusing on
netting process for government treasuries and agency
reposession agreement transactions
► Major global stock exchange revamping its shareholder registry
with distributed ledger technology
► Major financial institution uses blockchain technology to
manage financial transaction reference data
► 15 banks worldwide completed trade finance trial focusing on
accounts receivables invoicing and letter-of-credit transactions
► Major European banks plan launch of new network for tracking
open account international trade, involving products shipped
before actual payment is due
► 47 banks complete pilot of Ripple Connect payment platform
and expected to be in production at select banks by end of
2017
► Major credit card company scheduled to launch business-to-
business payment network supported by blockchain by end of
2017
► Singapore-based bank uses blockchain technology for
interbank payments
► EY piloted customer onboarding tool in Australia and beginning
tests in US
► Major global stock exchange group of domestic banks recently
collaborated on know-your-customer data trial involving
blockchain
► 10 global banks tested distributed-ledger-based know-your-
customer registry through R3 blockchain consortium
Asset creation and transfer
Asset creation and transfer
Data reconciliation Data reconciliation
Asset creation and transfer
Unique identification
Data reconciliation
Data reconciliation
Experimentation has been focused in four key areas.
Securities and
commodities transfers
Supply chain and
trade finance
Know your customer and
customer onboarding
Payments
5. Page 4 EY Global Blockchain Summit
To move to production, you need to build value-driven
applications, not just technology.
By themselves, blockchains are not solutions. Tools are needed to bridge the gap between the technology and the
business applications.
It is the process enabled by the technology that will drive value.
Business processes
Applications
Gap
Infrastructure (data)
Database layer in which information is stored because another type of
database, blockchain, lives in this layer
End-user programs that rely on database technology to store
information
Activities that leverage multiple applications to accomplish a
particular goal
6. Page 5 EY Global Blockchain Summit
Platforms
Reconciliation
ApplicationsBlockchain
Customer
onboarding
Inter-line of
business know
your customer
Interbank
transfer and
settlement
Mortgage
securitization
Technology
Business
Tax
Audit
Regulatory
Asset creation
and transfer
Platforms can assist in turning blockchain solutions into
business designs.
EY has developed platforms as building blocks for blockchain-based applications and to focus on the
technology’s fundamental strengths: asset creation and transfer and data reconciliation.
? ?
7. Page 6 EY Global Blockchain Summit
The platform … … allows …
… which enables the following
examples
Asset creation and transfer
Easy asset securitization, exchange
and bundling across multiple unrelated
entities
Data reconciliation
A single, secure source for identity
management and document control
across multiple parties Customer
onboarding
Managed
accounts
Master data
management
Mortgage
securitization
Such platforms can enable a broad number of business
solutions.
Liability
management
8. Page 7 EY Global Blockchain Summit
Example: customer onboarding
Benefits
Data is held on the blockchain
► Unique customer identifier
Every participant in the network is uniquely identified
with a public address (similar to an email address).
► Personally identifiable information (PII)
protection
Even though the customer can be tracked across
legal entities, PII is not leaked outside of legal
borders, unless permission is granted by the
customer.
► Linked identity attributes
Real-world identity information can be hashed on the
blockchain and associated with your on-chain
identity.
► Cross-legal entity operation
Institutions can maintain a shared network and
master registry of know-your-customer information
about mutual customers.
Unique identification via reconciliation
Blockchain Database layer where information is stored
9. Page 8 EY Global Blockchain Summit
Example: mortgage securitization
Benefits
► Data quality
Mortgage data associated with securities is
significantly improved and any changes to the
underlying data ripple across network in real
time.
► Reconciliation elimination
Reconciliation is no longer required because all
entities have the same data.
► Risk rating
Better mortgage data and more transparency
result in more accurate risk ratings.
► Transparency
Transparency provides individual mortgage
visibility into pools and securities.
Asset creation and transfer
Blockchain Database layer where information is stored
Data is held on the blockchain.
I. Individual mortgages II. Mortgage pooling
A
B
D
C
E
F
III. Securitization
A
B
C
E
DF
Security W Security X Security Y Security Z
Investors
10. Page 9 EY Global Blockchain Summit
Immediate opportunities may be in private blockchains, but
don’t ignore public
► Bitcoin is the largest, and most secure, computer system ever developed.
► The network provides absolute proof of existence or occurrence of history in
the digital world: bitcoin (the currency) is the internal unit of account.
► Bitcoin’s massive peer-to-peer network likely will provide more benefit to
applications outside of just bitcoin transactions.
► Criticisms about bitcoin align almost perfectly with the criticisms of the
internet in the mid-1990s — scalability and security issues, ease of use,
etc.
11. Page 10 EY Global Blockchain Summit
The story of the blind men and the elephant.
Source: https://linkiya.wordpress.com/2015/07/13/the-six-blind-men-and-the-elephant-differing-perspectives-on-grades/
12. Page 11 EY Global Blockchain Summit
Innovative technologies require innovative thinking to
manage disruption and old business models may not work.
As the industry matures and
foundations are established:
► Self-sovereign identity
► Consumer protection
services
► Legally recognized coding
frameworks
► Consumer adoption
It will be a catalyst for a new wave of
innovative financial products, such as:
► Peer-to-peer (P2P) retail payments
► Machine-to-machine payments
► Exclusively digital assets
► Digital rights management
derivatives
13. Page 12 EY Global Blockchain Summit
The most significant opportunities will be in new financial products and
embedded finance, likely enabled by public blockchains.
Example: financial applications in automotive may include:
If you can digitize it, you can securitize it!
Auto financing
► Loan payment
► Dynamic lease pay
► Service records
► Vehicle history
► Loyalty program
► Fractional ownership
► Crowdfunding
► Dynamic coupons
► Dynamic insurance
Vehicle access
► Car-sharing access
► Vehicle diagnostics
► Vehicle registry
► Vehicle personalization
► Digital persona
Geo commerce
► Car- and ride-share pay
► Road toll pay
► Electric vehicle smartgrid pay
► Fuel pay
► Drive-through pay
► Parking pay
► P2P sharing pay
► Event insurance
Supply chain
► Transfer of assets
► Assigning provenance
► Serial number
management
► Sharing logistics
information
► Verified metadata
► Event release of funds
► Inventory financing
► Verified transactions