SEC TO HOLD FINTECH FORUM ON 5/31 - The SEC recently announced the list of speakers at its FinTech Forum on 5/31 in Washington, D.C. Moderators will include leaders in the various Divisions of the Commission, including the Division of Investment Management. Private sector speakers will be folks with expertise in the emerging new technologies, including several professionals affiliated with consulting firms.
This event is generally structured along the lines of DTCC's recent successful FinTech event in NYC. That gathering of high level executives emphasized some new technologies that are possibly likely to happen sooner in the financial services industry than others. For example, there was a fair amount of discussion @ the NY event concerning Application Programming Interfaces (API's). This movement in the tech arena can be implemented, for example, by two firms doing business with each other. The key benefit of API's is that extensive and relevant data can be supplied by major market participants, for instance, to other professionals that might thereupon use this information for research or other similar purposes.
On the other hand, there are new tech movements afoot in the industry that truly might entail fairly major advance testing prior to implementation. An example of this could, for instance, be the use of Blockchain technology in connection with a processing mechanism that affects just about all participants in a particular market, such as the industry's CDS Trade Information Warehouse.
Finally, the SEC event on 5/31 will feature Dr. Neha Narula of MIT. Dr. Narula, a computer scientist, spoke at the DTCC event as well, and articulated relevant insights concerning the evolution of the Internet.
THESE EVENTS ARE GENERALLY VERY WELL DONE AND ARE EXTREMELY HELPFUL TO FIRMS ENGAGED IN ANALYZING THE PROS AND CONS OF ARTIFICIAL INTELLIGENCE, MACHINE LEARNING, CLOUD COMPUTING AND OTHER NEW TECH DEVELOPMENTS IN THE SECURITIES INDUSTRY. Click here to view the announcement of the 5/31 event in Washington, D.C.
Joe Sack, President, Asset Managers Tech