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Exchange Magazine

Exchange Magazine: Disruption? Bank on it.

Whilst once disruption was often described as something happening to the financial industry, increasingly banks themselves are embracing disruption in their strategies and businesses. Among many examples, our recent partnership with Axoni in which blockchain and smart contracts were deployed for OTC equity swaps with a group of nine firms including Barclays, Citi, Credit Suisse and JP Morgan. A number of leading banks, including Barclays, have built their own internal innovation centres and are actively partnering with start-ups. Thomson Reuters itself works with both established and emerging players across the financial services landscape. The possibilities for the industry are enormously exciting and have generated much discussion amongst my colleagues on the World Economic Forum (WEF)’s Disruptive Innovation in Financial Services steering group.

In this issue of Exchange we take a closer look at disruption and our industry, including articles by our global managing director, Customer Proposition, Debra Walton, on how banks can think like start-ups, an interview with author Terence Mauri on leading in the age of disruption and my own thoughts on disruptive technologies’ potential to make leaders more responsive and responsible. And we publish new research from the Institute of Financial Services Zug (IFZ) ranking FinTech centres around the world and announce a new Thomson Reuters interactive FinTech ranking tool.

Our Reuters Breakingviews colleague Una Galani writes on how India, the world’s fastest growing economy, could skip traditional financial infrastructure and speed to a cashless economy. Sneha Shah, Thomson Reuters managing director, Africa, contributes on how partnering with leading banks in South Africa has resulted in a new ORG ID/KYC managed service for our customers in the region. And our head of Deal Intelligence Matt Toole provides an overview and recap of key trends in global deal activity for 2016.

This issue of Exchange also brings our readers insight on information governance reform for benchmark submitters; MiFID II data transparency, publication and reporting obligations; the future of RegTech; and how illegal mining in South America creates financial risk.

All important topics for our industry, I think you will agree, and we look forward to continuing to provide the trusted information, intuitive technology and insightful people that deliver the ANSWERS our customers need to succeed on the road ahead.

The Financial & Risk business at Thomson Reuters is the leading platform provider of information, news, analytics, transactions and solutions, connecting and powering global markets for banks, investors, governments and corporations.


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