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TechVision: Emerging trends in FinTech

Our latest TechVision, Emerging Trends in FinTech, was hosted by James Powell, CTO Thomson Reuters with a panel of startups in London. From cyber security and digital currencies to online marketplaces for lending, we explored their contributions to this booming FinTech marketplace in London and beyond. Our guests included: Sachin Patel, the Head of UK Capital Markets, Funding Circle, James Merrick, Head of Operations, Digital Shadows, Dr. Tom Robinson, co-founder and Chief Operating Officer, Elliptic. After each of the panelists talked about their companies and offerings, the conversation explored why London and why now.

All of the panelists agreed that technologies such as mobile, social, and the cloud provided platforms and opportunities to the financial marketplace, which was positioned for innovation. The support of the UK government in this space has been encouraging and welcome. All of the panelists mentioned that they had US involvement, either through investment or through offices in the States. Disruption and competition were important themes for each startup and they offered the following advise: Develop and invest in your brand, focusing on your unique offerings. Partner with other startups that complement your offerings and constantly watch the space for next generation disruptors.

Register for our next TechVision, which will celebrate women in technology and watch the videos from the event below: (more…)

Interview with Yang Du, Head of China Business Desk

As the discussion of the globalization of the Chinese economy and the rise of the Renminbi (RMB) continues to heat up, Yang shares his views on how other major currencies are likely to react in the near future.

Read more on our coverage of China.

The largest misconceptions about employee satisfaction

At Vancouver-based Talk Shop Media, formed in 2011 through a merger of two smaller public relations firms, the founders say they set goals early on around retaining staff. The company, which today has about 17 employees, has seen very little turnover and works hard to motivate and empower staff to grow with the business. “We wanted to make sure that the team that started with us understood that they could grow with us,” said Talk Shop principal and co-founder Sara Padidar. In addition to a mentoring program, Talk Shop hosts twice-annual staff town hall meetings where they talk about goals and open up the books to show how the money is being made and spent.

Read more about how your happy employee may not be the most loyal one.

Our time

As powerful technological, economic, regulatory and social forces present unprecedented challenges and opportunities to professionals around the world, Thomson Reuters enables our customers to act with confidence by delivering unparalleled breadth and depth of content, intuitive technology and insightful people.

Learn more in our 2014 Annual Report.

Governments to banks: Comply or else

When a government uses sanctions to keep rogue nations in check, or law enforcement agencies bust criminal cartels, they can usually thank a bank. Financial institutions may seem like an unlikely partner in crimefighting—but they actually play a crucial role in maintaining global security. But banks are growing more wary of their role in helping freeze or investigate suspicious channels in the global flow of money, and their caution could create fertile soil for even more crime—and more economic instability.

Read more about the bankers’ dilemma.

Mary’s story of war in South Sudan

Mary, her husband, and their nine children live in a camp for displaced people at a U.N. military base in Juba, South Sudan. They have been there since civil war between President Salva Kiir and his rival Riek Machar began in 2013. The government wants them to go home but Mary – like Machar a member of the Nuer tribe – refuses. She tells Thomson Reuters Foundation why.

Breakingviews: April fools

In five years of shooting a daily TV show, Breakingviews columnists have flubbed things on occasion. Here’s a sampling for April Fools’ Day: (more…)

Modern slavery UK: The campaigner

Britain’s Home Office (interior ministry) estimates there were up to 13,000 victims of slavery in Britain in 2013. Victims were most often from Albania, Nigeria, Vietnam and Romania. In this video, Chloe Setter of ECPAT UK, a charity working with child victims of trafficking, describes the plight of Vietnamese children who are trafficked to Britain for cannabis cultivation.

Read the full story on trust.org.

Time to think about ACA Compliance and your ONESOURCE solution

Bill thinks he has all year to work out his ACA Compliance solution, but it seems he may have come to that conclusion based on many false assumptions. Jill is worrying about ACA Compliance now and she may find that, with the right provider, there is no need to worry at all. Will you have an ACA Success Story ready for January 2016? Learn more about Affordable Care Act compliance with Thomson Reuters ONESOURCE.

What’s the best way for global banks to manage KYC?

Lee Forsyth, KYC Client Consultant at Thomson Reuters, provides his expert insight on the revolution gripping the industry around KYC services, prescribing essential guidelines for Financial Institutions conducting KYC on their institutional clients.

In this recent white paper Lee examines the costs and benefits of a transformative approach to KYC managed service, available for download from this website. Read more about what every global bank should know about emerging KYC solutions.