FF Awards 2021 Media Pack

Page 8

WOW MOMENT IN CROSS-BORDER PAYMENTS

BEST WOW INSIGHT FROM DATA

BEST WOW IN BLOCKCHAIN

The world is now a much smaller place, and E-commerce has played a huge part in this. Transactions for goods and services, of varying volumes, are happening between currencies at an incredible scale. And that volume is only increasing. Technology and communications have enabled us to minimise this barrier to trade.

The expression “data is the new oil” may well be a cliche, but cliches exist for a reason. There are so many insights, knowledge and understanding that can be drawn from data in every part of financial services.

From the fringes to the limelight; blockchain, crypto and defi are now more than just buzzwords they are industries in their own right.

Despite this, there are still cross border transactions that are too expensive, and are even slower than flying cross-continent with a suitcase full of cash. How does the speed and ability we can attain by technology power cross-border payments to make an impact in the world; not just for financial services, but all industries?

How can this data be used in an unexpected way? How can this be analysed to enhance customer experience? To ramp up security? To enable empowerment of employees? How has Data changed the way that decisions are now made for the better?

We want to see how deep a footprint blockchain will leave. What products and processes are out there that have decentralization at its core, and what impact is this having on individuals, on businesses and society in general?