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Zusammen mit namhaften Schweizer Banken (Credit Suisse, Pictet und Vontobel) bringt die Schweizer Börse BX Swiss die Abwicklung von Handelsgeschäften in tokenisierten Wertpapieren auf die nächste Stufe. Der Test wurde im Rahmen eines Proof of Concepts (PoC) der Capital Markets Technology Association (CMTA) durchgeführt. Im Experteninterview mit David Kunz, COO der BX Swiss, erläutert Matthias Müller, Head of Markets & Services der BX Swiss, die Hintergründe zum Proof of Concept und diskutiert die Fragen: • Warum die BX Swiss zu den ersten traditionellen Wertpapierbörsen gehört, die eine Zulassung zum Handel mit tokenisierten Wertpapieren erproben? • Wie das Zusammenleben von traditionellen und digitalen Wertpapieren bei der BX Swiss in Zukunft aussieht?
Connecting the dots in FinTech This podcast episode is sponsored by Hala. Hala is a leading fintech platform allowing SME's to manage their inbound and outbound payments in a simple yet safe way. It's a one-stop shop to manage the financials of your SME's. NEWS HIGHLIGHT Klarna Kosma opens up a FinTech platform to accelerate Open Banking use cases. The new initiative is aiming to help startups develop Proofs of Concepts (POC) in the e-commerce, data analytics and fintech space. Link here BREAKING NEWS Juni cuts a third of its team in a second round of layoffs. The company said in a LinkedIn post that the decision was made due to new market conditions. Link here #FINTECH REPORT Check out the latest report by BPC: Digital banking in The Middle East, which provides a complete overview of the Middle Eastern digital banking market as well as an excellent understanding of the current competitive landscape. Link here INSIGHTS The US Department of the Treasury calls for closer supervision of fintech-bank relationships in order to prevent abuses and protect consumers. Link here Check out this report by Aaron Stanley, which describes how Brazil and Latam FTX employees resigned and were left completely in the dark about what was going on, and how the collapse of FTX has impacted the Brazil crypto ecosystem. Link here
In product development, sometimes we need to pull out Proof of Concepts (POC), Minimum Viable Products (MVP), and prototypes from our toolkit. These terms are often misunderstood, or misused. We discuss what each of these tools are, when we need to use them, and how they can benefit our processes. To learn more about our process and what we do, check out www.lftechnology.com.
One of the biggest challenges that IT Pro’s face is trying to evaluate new technology and select the right solution for you. One of the tools available is the use of Proof of Concepts (POC), a POC is a short project to evaluate the suitability of potential solutions. POC’s can, when done properly, be a valuable tool in our assessment of potential solutions. But POC’s are not always a success, why is that the case? The main issue tends to be a fundamental misunderstanding of what a POC is, often this can be caused by the suppliers misusing the phrase POC when really they are delivering no more than a demonstration. A few weeks back I heard an episode of the excellent Virtually Speaking Podcast in which they discussed performance testing a significant part of which included a properly delivered POC. The incorrect use of the term and poor definitions of POC’s is something I see often and find frustrating. Inspired by the Virtually Speaking Podcast team I wanted to take the opportunity to do a Tech Interviews episode on that very topic and who better to help me than the guest on that episode, VMware’s Dave Morera. Dave is a Senior Solutions Architect and a primary part of his role is to help people to fully evaluate solutions with the use of POC’s, which makes him well placed to share some advice with Tech Interviews on how to effectively use them to help you make better technology decisions. In this episode we discuss: * What is POC * How it differs from demo's and pilots * What makes up a POC * The importance of accurate definition of the problem , the scope and success criteria. * Building a test strategy * The importance of "owning" you POC Dave’s experience and advice is hugely valuable, POC’s, when done well, are a great way of ensuring you can fully evaluate a solution and ensure it is right for you, Dave’s advice should help more of us deliver successful POC’s in the future. Thanks for listening. For full show notes:- https://wp.me/p4IvtA-1GA
Since 2016 we have seen a plethora of Proof of Concepts (PoC) in the insurance space. Some of these PoCs have moved up to the stage of becoming a Pilot. For this week’s episode I had the great pleasure of chatting to David Edwards, CEO at ChainThat and Ranvir Saggu, CEO at Blocksure to discuss building a blockchain PoC and/or pilot in the insurance industry. Both of their respective companies provide enterprise solutions using blockchain, DLT and smart contract to insurance companies. 2 Minute Definition of Blockchain David - Blockchain in insurance is a group of technologies that enables us to transact between parties without having a centralised service provider. Promise of a shared process and what you see, I see. For Ranvir, it’s a scalable technology that allows insurance partners to build network ecosystems. That can remove up to 30 – 50%of back-office costs, speed up processes and drastically improve the customer experience. Why hasn’t blockchain happened yet? The insurance industry is slow to adopt new technologies. 2017 was the year of demonstrations and proof of concepts whilst 2018 is the year of large consortiums coming out including the big 4 being involved in blockchain insurance. Ranvir reminded us that it took at least 10 years for people to start realising the potential of the internet from the moment it started - "We have to remember that we are dealing with a nascent technology which we are trying to apply in a very regulated industry". There are numerous hurdles that insurance companies have to overcome to be able to appreciate blockchain technology. Risk departments, compliance departments, claims and finance departments all have to learn how this technology can benefit them. This isn’t going to happen overnight but slowly and surely. For David insurance companies have to work with their counterparties, potentially their competitors. It requires ecosystem to get these solutions off the ground, and that’s a challenge particularly relevant to the insurance industry. We have seen it with the challenges the London Market had in taking it of the ground. All counter-parties need to invest and be as enthusiastic about the project as each other. Two years ago it made a lot of sense to go down the PoC phase as we weren’t quite sure what could be done with the technology and not many people had experimented with it. But now there has been so many completed PoCs, so many papers and studies that there isn’t any more real need to prove the technology. David - "So if you’re going to do something with Blockchain you should build a pilot, put some success criterias, with a mentality to get some value out of it instead of just getting a press release out." For Ranvir it’s also about how you do the pilot. Understanding what is it we’re trying to do? It is recognising that there is a lot people with a vested interest, managing their P&L and their cost base. Lets try to do it in a low risk way. What is the lowest risk way for getting to a pilot. You got to have a commitment to take this out to market and when that happens and we see the technology working we will then see a snowball effect. How do I convince my peers to adopt blockchain? David – First we need to forget the terms DLT and blockchain and instead focus on the business value, the results it will bring to the business and what the savings will be. Ravir – There are two ways of doing it. First thing the person has to realise what are the strategic aims of that business and the second is what can they do with blockchain? It is recognising that blockchain allows you to start thinking about new products and how you build them. You can start imaging how you build your policies and change the way you deliver your products to customers. Fundamentally you have to excite those executives and deliver the full benefits this technology can deliver. This technology is transformational and it will deliver the 30 – 50% cost reduction...
Guest 1: Marianne Marck Title: Chief Information Officer, Ritchie Bros. While Proof of Concepts (POC) and experimentation may continue, its time to put a stake in the ground for the what and how of Digital Transformation. How are IT Leaders moving out of the sandbox and shifting from Digital New to Now?
Author: Alfred Nutile Read By: Alfred Nutile Original Source: https://alfrednutile.info/posts/172 This will cover two things. One, how helpful it can be to make a clickable Proof of Concepts (POC), not just with images, or tools the spit out html but instead just enough javascript and base theme to help "sell" the idea, or more importantly to help Product Owners see the possibilities that are not too far out of reach. And the second, and maybe more important thing I will cover is that the developer has a lot to gain in taking on this seemingly non-coding path.