In a like manner, Cryptocurrency, Bitcoin, Blockchain, and ICOs resemble the dotcom era of the 1990s that saw investors lose billions of dollars. Crypto enthusiasts have been selling cryptocurrency to us as a modern-day payment system. No doubt a lucrative market opportunity estimated at $2.2 trillion in total revenue by 2020. Also, customer expectations are growing when it comes to cross-border payments which have been inefficient and expensive.
This book dives deep into the misconceptions of cryptocurrency and explores it as a modern day medium for payment transactions. Furthermore, it investigates the risks as well as the security challenges of cryptocurrency networks in the digital era of the Internet-of-Things. Turning our attention to the blockchain, where banks have outpaced the IT industry when it comes to registering patents. and the use cases (e.g. Know Your Customer, Cross-Border Payments, Securities Post Trading Life Cycle) for this technology in the financial services industry. The exploration continues with Professional fund managers and traders sharing screening techniques, risk and reward models and their views on the future of social networks as well as how to get started in cryptocurrency.
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Paul Hamilton has 15 years of experience working with financial institutions and money transfer operators. Paul is a solutions specialist for risk and compliance with a focus on anti-money laundering and other financial crimes. Paul has worked at IBM, SAP and FICO Tonbeller and as an entrepreneur advisor to two RegTech companies. Also, a fitness enthusiast with a deep entrepreneurial spirit, Blockchain optimist and sales leader for small businesses.
Olga Miniuk is a risk manager with 10 years of experience working with global European and Asian banks. Olga has focused on the building of financial models to predict credit risk exposure and the bank’s capital requirements. Also, she oversees the preparation of performance reports. In her spare time, the Belarus native enjoys doing yoga and travelling.