Written by FT Adviser
Simon Bussy, Principal Consultant told FT Aviser “The biggest risk by far — and one which the larger financial institutions in particular are extremely wary of — is that the algorithms used to provide the automated recommendations are later proved to be wrong,” he went on to say “This would be a systemic risk, as all customers who had used the service would be impacted.”
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.