FinTech

We are excited to share the story of Mika Lindahl, an associate consultant and a team manager at Kidbrooke Advisory. She has been working at the company for more than 1.5 years now, successfully balancing deep technical expertise with excellent leadership skills. In this short interview piece, Mika tells us about her career choice, her role in quantitative finance and her message to women considering a similar path.

We are excited to present our news selection for February 2019! Although anticipated to be a conventional means of providing investment advice in the longer term, automated financial advice is still an emerging subsector in the global wealth management industry. Some sources anticipate that the expansion and specialisation of such services would bring the developing digital advice providers to their maturity, while the early adopters evaluate the lessons learnt from the implementation of robo-advisers. Meanwhile, the large banks do not rush to engage in the FRTB implementation projects before the local regulators come up with the final version of the new rules. At the data intelligence side, the data scientists deploy artificial intelligence to assess the ESG practices of companies.

Last week Kidbrooke Advisory participated in the Stockholm FinTech Week 2019! More specifically, we had a chance to attend the events within the following areas: FinTech & Market leadership collaboration, RegTech, InsurTech, Sustainability and Impact Tech and finally Regulation & Nordic Collaboration. The discussions centred on the best practices in building cooperative relationships between the emerging industry participants and the traditional financial institutions, the role of the regulations and the regulators in a changing industry, the rising awareness of climate change as well as the potential of the cutting-edge technology adopted by the market participants.

We have gathered the most exciting news in the areas of financial technology and regulatory changes this month. The latest revision of the FRTB framework receives mixed reviews from the industry. The automated financial advice providers around the globe expand to accommodate the demand from new types of customers - from large banks and insurers to self-employed entrepreneurs. The UK's Financial Conduct Authority changes its focus from the charges and costs aspects of MiFID II to implementing new rules around product governance and research within the scope of the same framework. The rapidly evolving AI technology is anticipated to change the accounting profession as it exists presently.