Written by FT Adviser
One of the world’s leading consultancy groups, McKinsey & Company, has described the spread of digital technologies as “a do-or-die challenge” for banks. It is right. In fact, the challenge is likely to be of a comparable scale across the whole financial services sector.
UK finance is changing forever. Sweeping reforms promise a new era for the sector: one that’s more open, more regulated and, potentially, far more collaborative. All this is very good news for SMEs.
It may be a while before pension funds ask their asset managers whether they use blockchain, says Ben Cocks
2017 proved quite an eventful year, with an increase in the number of participants and the volume of transfers.