Automated trading algorithms accidentally wiped $22Bn off Facebooks share price

Automated trading algorithms accidentally wiped $22Bn off Facebooks share price

WHY THIS MATTERS IN BRIEF Algorithmic traders use automation to their advantage to try to beat the market, but when data goes bad the shockwaves can reverberate across Wall Street and the global markets   Facebook’s stock suffered a dramatic flash crash yesterday seconds after it released its second quarter earnings,...

Read more
China’s cashless future, PBoC gets ready to launch world’s first national cryptocurrency

China’s cashless future, PBoC gets ready to launch world’s first national cryptocurrency

WHY THIS MATTERS IN BRIEF The use of cash in society is falling and some of the world’s largest central banks are creating new cryptocurrencies and planning for a future without cash.   Love the Exponential Future? Join our XPotential Community, future proof yourself with courses from XPotential University, connect, watch a keynote, or browse my...

Read more
A secret trader just made over $200 million in a month trading Ethereum

A secret trader just made over $200 million in a month trading Ethereum

WHY THIS MATTERS IN BRIEF Many speculate that cryptocurrencies like Bitcoin and Ethereum are riding bubbles that are about to pop, but as the adoption of cryptocurrencies, by individuals, organisations and governments increases it’s likely they’re wrong   An unknown cryptocurrency trader turned $55 million of paper wealth into $283...

Read more
Goldman Sachs is automating IPO’s and finance

Goldman Sachs is automating IPO’s and finance

WHY THIS MATTERS IN BRIEF Organisations in the financial services industry have the money, resources and financial need to automate and increasingly no stone is being left unturned.   Goldman Sachs, and, it has to be said most banks and financial services organisations are on an automation tear at the moment, whether...

Read more
Futurist in the press: Future of Insurance, Risk Management Solutions magazine

Futurist in the press: Future of Insurance, Risk Management Solutions magazine

WHY THIS MATTERS IN BRIEF Quantum computing will present the insurance industry with an unparalleled opportunity to transform their businesses, in this interview with RMS I discuss how organisations can tackle the challenges that lie ahead.   Quantum computing is on many companies minds at the moment and the ability...

Read more
Apple’s becoming a bank by the back door

Apple’s becoming a bank by the back door

WHY THIS MATTERS IN BRIEF Increasingly Apple wants to be your wallet, your payment provider, and maybe one day your bank of choice, but if they do “become a bank” then it’s unlikely it’ll be like anything like we’ve ever seen before   It’s been rumoured for nearly five years,...

Read more
Futurist keynote, London: Behind the scenes at Marketforce’s OpsTechFS 2017 event

Futurist keynote, London: Behind the scenes at Marketforce’s OpsTechFS 2017 event

WHY THIS MATTERS IN BRIEF The financial services industry is going through one of the greatest transformations since its inception as it tackles not one disruption but three, namely AI, Blockchain and “Digital”   Yesterday, and much to the chagrin of the audience of financial services professionals and executives who...

Read more
Russian researchers have created a ‘Quantum safe’ blockchain

Russian researchers have created a ‘Quantum safe’ blockchain

WHY THIS MATTERS IN BRIEF Tomorrow’s quantum computers will be able to crack at least seventy percent of all today’s encryption algorithms within minutes, but now Russia says they’ve created the ultimate, secure blockchain technology.   Researchers at the Russian Quantum Center (RQC) announced earlier this week that they’ve created...

Read more
Toyota ties up with blockchain startups to connect its world

Toyota ties up with blockchain startups to connect its world

WHY THIS MATTERS IN BRIEF Blockchain is one of the world’s most promising emerging technologies and it’s now finding its way into the automotive and transportation sectors   Just a few weeks after Ford officially ousted its CEO in order to make way for a new, more future focused CEO,...

Read more
DTCC wants to put hundreds of trillions of dollars of securities transactions on the blockchain

DTCC wants to put hundreds of trillions of dollars of securities transactions on the blockchain

WHY THIS MATTERS IN BRIEF The Vice Chairman of the DTCC argues that a lack of standards is holding back blockchains adoption in the financial services industry, and he wants to change that.   Last week Larry Thompson, the Vice Chairman of the US Depository Trust and Clearing Corporation (DTCC),...

Read more
New blockchain tools are helping people reclaim control of their online identities

New blockchain tools are helping people reclaim control of their online identities

WHY THIS MATTERS IN BRIEF You lost control of your online information, and your online identity, almost a decade ago, but now companies are using new technologies to help you regain control of it   The Sovrin Foundation, a non profit organisation who’s building a range of online “Self-Sovereign Identity” and...

Read more
Horizon Report: The Future of Insurance 2020 &Beyond

Horizon Report: The Future of Insurance 2020 &Beyond

WHY THIS MATTERS IN BRIEF While many people are discussing the imminent disruption of the global insurance industry it is clear now, more than ever, that we are about to enter the insurance industry’s golden age, but the proliferation of new risks, and opportunities, are not without their pitfalls.  ...

Read more
Wall Street traders are getting crushed by AI

Wall Street traders are getting crushed by AI

WHY THIS MATTERS IN BRIEF More investment companies are embracing AI to help them find an edge in the market and generate massive returns, and so far the data indicates that AI traders are crushing their human equivalents. An international team of researchers from the School of Business and Economics...

Read more
An AI hedge fund designed a cryptocurrency to open source Wall Street

An AI hedge fund designed a cryptocurrency to open source Wall Street

WHY THIS MATTERS IN BRIEF The finance marketplace is unique in that, unlike the technology sector, it has little to no “network effect” but one entrepreneur is trying to change that.   Wall Street is a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed is...

Read more
Descartes Labs new AI visual search tool lets you find everything on Earth

Descartes Labs new AI visual search tool lets you find everything on Earth

WHY THIS MATTERS IN BRIEF People have been using satellites to take photos of the Earth for decades but until now you’ve never been able to search it to find things of interest, or combine it with other data to identify patterns.   Recently a company called Planet increased the...

Read more
Wall Street supremo’s pile into a new AI hedge fund dubbed the future of finance

Wall Street supremo’s pile into a new AI hedge fund dubbed the future of finance

WHY THIS MATTERS IN BRIEF Until now the financial services industry has never been able to benefit from a network effect, but that’s about to change and it could tip Wall Street on its head.   The “Network Effect” is a phenomenon known the world over, it’s where a service...

Read more
No humans required, the fully autonomous AI running a Wall Street hedge fund

No humans required, the fully autonomous AI running a Wall Street hedge fund

WHY THIS MATTERS IN BRIEF Companies that use artificial intelligence to augment their human workers is nothing new, but companies that are run by artificial intelligence, without any human input, are.   I’ve been documenting the emergence of fully autonomous organisations – organisations that are able to run and scale...

Read more
JPMorgan unleashes artificial intelligence to automate its legal work

JPMorgan unleashes artificial intelligence to automate its legal work

WHY THIS MATTERS IN BRIEF With massive technology budgets and a paranoia of startups stealing a march Wall Street is going all in on innovation and automation.   With companies like LawGeex and ROSS Intelligence trying to automate the legal world it was only a matter of time before the...

Read more
Massive new satellite network can watch everyone on Earth

Massive new satellite network can watch everyone on Earth

WHY THIS MATTERS IN BRIEF A new, bolstered, space satellite system to keep watch over the world, it’s the equivalent of Tivo for Google Earth.   Planet, a global satellite company, who recently bought mini-sat company Terra Bella from Google, is used to breaking records. In 2014, a rocket exploded...

Read more
Futurist keynote, Frankfurt: The Future of Automated Trading, Battle of the Quants

Futurist keynote, Frankfurt: The Future of Automated Trading, Battle of the Quants

WHY THIS MATTERS IN BRIEF Algorithmic trading has existed for decades but in the past five years it’s undergone a revolution thanks to new advances in AI and data science.   As you fly into Frankfurt Airport you’re reminded of the German’s love of efficiency, technology, and bold, but functional...

Read more