Risk Roundup

Ron Quaranta, Chairman of Wall Street Blockchain Alliance, participates in Risk Roundup to discuss Applications of Blockchain Technology.

The deep-rooted rigid boundaries of nations: its government, industries, organizations, and academia (NGIOA) seems to be tumbling as digitization is re-writing the rules of competition and collaboration. With the tumbling of boundaries, digital disruption is on its way to reshaping the global systems faster than perhaps any force in the entire human history. This is mainly due to advances in technologies like blockchain.

The promise and potential of blockchain technology seem to have energized individuals and entities across nations: its government, industries, organizations, and academia (NGIOA). The simple reason behind this is perhaps because blockchain technology shows us how to effectively transition to a digital global age.

As the blockchain technology re-defines and re-configures the global NGIOA infrastructure and systems across cyberspace, geospace, and space (CGS), it is beginning to envisage how the global systems of a digital global age would look in the coming years. When entities across NGIOA acknowledge blockchain technology as one of the most disruptive innovations since the dawn of the internet, it is important to understand and evaluate what kind of transformation is imminent as blockchain technology begins to get tested, developed, and applied extensively across nations.

There is no doubt that blockchain is revolutionary and will upset the very fiber of the systems and services across NGIOA. While blockchain provides its own distributed, transparent record-keeping leverages real-time trust among the participants, and balances the information flow between senders and receivers, it fundamentally reduces the need for intermediaries because of its shared and trusted environment.

However, blockchain needs collaboration to succeed and since collaboration and cooperation are not in the very fabric of nations, how will that be overcome? While blockchains are causing a technology revolution, it is important to understand and evaluate what else is necessary to transition to a digital global age. Time is now to talk about Applications of Blockchain Technology!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

About the Guest

Ron Quaranta – Founder and Chairman of Wall Street Blockchain Alliance, is a recognized expert in the area of blockchain innovation, particularly its impact on the world of financial markets.

Ron has over 25 years of experience in the financial services and technology sectors and currently serves as Chairman of the Wall Street Blockchain Alliance, a non-profit trade association promoting the education and adoption of blockchain technology across financial markets.

Prior to this, Ron served as CEO of DerivaTrust Technologies, a pioneering software and communications provider of secure transaction and information platforms for financial market participants. Before this he held a variety of senior roles at Thomson Reuters, the global news and information firm, culminating as Global Head of Trading Analytics.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

The Rise of Initial Coin Offering (ICOs)- Risks and Rewards
Emerging Technologies Geopolitics
Cashless Economy – Risks & Rewards
Protecting Cryptocurrency
Blockchain based Insurance Model for Managing Aging Infrastructure Risks
Smart Contracts – Risks & Rewards
Blockchain & Machine Learning Based Content Platform
Blockchain Based Risk Transfer
Blockchain Revolution – Risks & Rewards
Securing the Internet of Things using Blockchain Convergence
The Convergence of Blockchain and Internet of Things
Blockchain Applications for Emerging Economies
Blockchain based Creative Content Collaboration
What Should Bankers Know About Financial Technology
Blockchain based Network Security
Digital Transformation of Financial Industry
Will Blockchain Secure the Internet of Things

The post Applications of Blockchain Technology appeared first on Risk Group.

David Gyori, CEO of Banking Reports from the United Kingdom participates in Risk Roundup to discuss  – What Should Bankers Know About Financial Technology?

While banks have uniquely remained important to each nation’s economy, the trust in the banking system and bankers seem to have been seriously shaken over the years. There is a growing concern that the traditional form of banks, banking, and bankers will not be able to rebuild the lost trust on its own. So, the question is how can the industry re-build the lost trust? Perhaps through technology!

It is said that banking has so far been resistant to technology disruption—until now. However, things seem to be changing as financial technology is on its way to transforming banking and the current form of banks as we presently know. Thus, almost every type of financial activity, from banking to payments to wealth management, is being re-imagined and re-designed.

There is great optimism regarding financial technology today. This is clearly visible through the vast amount of capital that is being deployed in financial technologies (fintech) across nations. These investments are made with the hope that in the coming years fintech will likely bring a fundamental transformation to banking across nations.

New competitors, new technology, and new consumer expectations have begun to reshape the banking industry. So, the question surrounding the banking industry today is not whether it will be transformed, but how it will be transformed and who will transform.

As banks, banking and bankers are now racing to harness the power of financial technologies like blockchain and artificial intelligence, the question bankers need to evaluate is how can they benefit from the financial technologies, how can they go digital, and how can they avoid obsolescence?

The question is not whether the disruptions that we are witnessing today will transform banking and capital markets, but, rather, how will they do so? Time is now to talk about What Should Bankers Know About Financial Technology!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

David is the CEO of Banking Reports (London), Faculty Member of The Retail Banking Academy (London), Founding Member of The World FinTech Association (Seoul), Judge of the European FinTech Awards (Amsterdam), Regular Guest Author of Finance Magnates (Tel Aviv).

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

Machine Learning on Insurance Data to Predict Hospitalization
Powering Collective Human Intelligence
Collective Intelligence
Collective Machine Intelligence
Social Media Based Predictive Analytics
Big Data Driven Transformation
Smart Lending
Personal Data Ownership
Digital Transformation of Financial Industry
Cloud Computing Driving Nation Transformation
Big Data Analytics and Cyber-Security Risks
Agricultural Robots
Computational Intelligence & Security Risks
Business Logic Monitoring and Automation
Societal Impact of Robotics
Enterprise Digital Intelligence Risks – Need for Smarter Search Tools
Need for Cryptocurrency Standards

The post What Should Bankers Know About Financial Technology appeared first on Risk Group.

Laurie Lane-Zucker, Founder & CEO of Impact Entrepreneur Center based in Massachusetts, USA participates in Risk Roundup to discuss Impact Investing.

Investors have the power to change the world as they influence not only the growth and development of an idea, innovation, business, industries, or nations but human society and our planet ecosystem: its sustainability and survival.

It is said that the cost of solving the world’s most critical problems today runs into trillions of dollars. So, then the obvious question comes is, whether nations: their governments, and philanthropists are allocating appropriate funding that is needed today? Probably not– as by some estimates, there is a funding gap that runs in trillions of dollars.

So how do nations, individually and collectively bridge the gap to solve the world’s most critical problems and meet the goals of sustainable development? The answer perhaps lies in impact investing, an investment approach that expects not only reasonable financial return but also a positive social impact that can be actively and accurately measured.

Across nations, there seems to be great hope in the promise of “impact investing” as it has the potential to resolve key shortcomings and gaps of sustainable development goals brought on by traditional financial investment markets.

As a growing number of investors are stepping up to give back to society and do good while doing well financially, the rapid growth of the field of impact investing raises many complex questions. Impact investing is a growing global necessity as how money is invested today will decide and determine what the world will look like in the coming tomorrow.

Time is now to talk about Impact Investing!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Laurie Lane-Zucker is the Founder & CEO of Impact Entrepreneur Center based in Massachusetts, USA.

He is a systems thinker, impact entrepreneur, and internationally recognized leader, lecturer, and spokesperson on entrepreneurial, environmental, and educational issues.

Over the years he has-
• Led international environmental organization through 13 years of sustained, dynamic growth
• Founder of Founding B Corp & “global impact” digital media company and an international think-tank
• Completed first-ever shares transaction on a designated online impact investment platform
• Currently pioneering “Regional Impact Economy” and “Public Benefit Enterprise Zone” models for “place-based” social and environmental innovation and conscious investment infrastructure
• Established the first network of environmental and social justice organizations in North America
• Developed the vibrant “Place-based Education” movement
• Pioneered place-based education initiative in Central Asia with Aga Khan Trust for Culture
• Edited/self-published national bestseller — winner of PNBA Book Award and Pushcart Prize

• Organized millennium conference at National Conservation Training Center and historic environmental writers conference at American Library of Congress
• Lecturer/mentor at universities (i.e. MIT, Brown, NYU, Middlebury) and speaker at impact-related conferences (Sustainatopia, Social Venture Partners, Bioneers, etc.).

Risk Group is a leading strategic security risk research and advisory organization.

Copyright Risk Group LLC. All Rights Reserved

Future of Work – Battle between Human Work Force and Machine Work Force
Technology Trends and Future of Humanity
Technology Trends and Humanification
Dual Use Technology Dilemma and National Security Risks
Electronic Warfare Preparedness
Future of Technology
Digital Future – Complex Challenges of Change
Electronic Warfare-An Existential Risk
Electromagnetic Warfare
What Role Gene Environment Plays In Gene Expression And Human Health Security
Fourth Industrial Revolution and Security
Machine Learning Bias – An Existential Risk
Risks and Rewards of Genomic Medicine
Competitive Intelligence and Risk Management
Strategic Intelligence
Disruptive Innovation and Security  Risks
Diagnostic Genomics and Security Risks
NanoSatellites & Democratization of Space
Healthcare in Turmoil
Space Mining
Space Security
BioEconomy – Promise and Perils of Synthetic Biology
Societal Impact of Robotics
Complex Security Risks of Mediterranean Region
Are Education Institutions Prepared for Digital Disruption
Digital Disruption in Marketing
The Middle East Geopolitical Puzzle and Risks to Global Security
Impact of Cyber-Security Risks Global Business
The Digital Global Age – Contested Commons
Strategizing Digital Transformation
Strategizing Cyber-Security
Energy Warfare

The post Impact Investing appeared first on Risk Group.

Dr. Nathan Hillson, Director of Synthetic Biology Informatics at Joint BioEnergy Institute based in the USA participates in Risk Roundup to discuss BioEconomy – Promise and Perils of Synthetic Biology.

Today, we humans are no longer confined to what nature must offer.  The advances in science and technology have given us the capability to create “living things”. While what nature has given is still the foundation to our natural biological ecosystem, we, the humans are now capable to build on this foundation and create a man-made, synthetic bio-ecosystem of our desire and definition.

We have reached a point where tools and technology to define and design entire human and non-human genomes have caught up to our ability to construct them. As a result, in the coming years, we will be able to define, design, and construct any cell, organism, or any biological species we want—with a growing selection of genome from human, non-human, and or any other living species.

The time is almost here, where the ability to create or manipulate “life” seems restricted only by our imagination as, we will now be able to build any cell, organism, or biological species up from scratch.

As a result, the “industrial age” is slowly but steadily drawing to a close to being gradually replaced by an era of biological engineering–and bio-economy. As we transition from an economy that relied on “machines” to the one that relies on biology,  for a biological future that can be engineered the way we want, it is important to understand and evaluate whether we have enough knowledge to prevent the security risks that come with the advances in Synthetic Biology, on which the BioEconomy is being built.

Time is now to talk about BioEconomy – Promise and Perils of Synthetic Biology!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Dr. Nathan Hillson is the Director of Synthetic Biology Informatics at Joint BioEnergy Institute based in California, USA. He is also the Founder and Chief Scientific Officer of TeselaGen Biotechnology.

He leads the Synthetic Biology Informatics initiative of the Joint Genomic Institute and is the Principal Investigator at Agile BioFoundry. He is the Department Head of Biodesign at Berkley Lab and has authored many publications.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

Future of Work – Battle between Human Work Force and Machine Work Force
Technology Trends and Future of Humanity
Technology Trends and Humanification
Dual Use Technology Dilemma and National Security Risks
Electronic Warfare Preparedness
Future of Technology
Digital Future – Complex Challenges of Change
Electronic Warfare-An Existential Risk
Electromagnetic Warfare
What Role Gene Environment Plays In Gene Expression And Human Health Security
Fourth Industrial Revolution and Security
Machine Learning Bias – An Existential Risk
Risks and Rewards of Genomic Medicine
Competitive Intelligence and Risk Management
Strategic Intelligence
Disruptive Innovation and Security  Risks
Diagnostic Genomics and Security Risks
NanoSatellites & Democratization of Space
Healthcare in Turmoil
Space Mining
Space Security
Impact Investing
Societal Impact of Robotics
Complex Security Risks of Mediterranean Region
Are Education Institutions Prepared for Digital Disruption
Digital Disruption in Marketing
The Middle East Geopolitical Puzzle and Risks to Global Security
Impact of Cyber-Security Risks Global Business
The Digital Global Age – Contested Commons
Strategizing Digital Transformation
Strategizing Cyber-Security
Energy Warfare

The post BioEconomy – Promise and Perils of Synthetic Biology appeared first on Risk Group.

Oleg Khovayko, Chief Technology Officer @ Emercoin participates in Risk Roundup to discuss Blockchain-based Network Security.

As individuals and entities of all sizes across nations: its government, industries, organizations, and academia (NGIOA) are suffering wide-ranging consequences from ongoing network security breaches, network security threats seem to be becoming a growing complex problem!

As the security threats facing computer networks are becoming hi-tech and more complicated technologically, they are getting harder to detect and trickier to manage. Thus, the consequences of failing to not only block cyber-attacks but effectively manage the cyber-security risks are getting complex, costly, and catastrophic.

Amidst the growing complex security challenges, there are many who see the solution in the promise of blockchain in securing the computer networks for individuals and entities across NGIOA. There is a growing belief that the blockchain technology that conducts and secures transactions on the cryptocurrency network —can be effectively used to secure any computer network—and thereby securely store and transfer any kind of digital information on the internet.

While blockchain brings great promise and potential, time will tell whether blockchain will become a new operating system for cyber-security, network security, and supply chain operating networks.

Time is now to talk about Blockchain-based Network Security!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Oleg Khovayko is the Chief Technology Officer @ Emercoin. He has a strong background in the realm of finance and specializes in the technical aspects of blockchains and cryptography.

Risk Group is a leading strategic security risk research and advisory organization.

Copyright Risk Group LLC. All Rights Reserved

The Rise of Initial Coin Offering (ICOs)- Risks and Rewards
Emerging Technologies Geopolitics
Cashless Economy – Risks & Rewards
Protecting Cryptocurrency
Blockchain based Insurance Model for Managing Aging Infrastructure Risks
Smart Contracts – Risks & Rewards
Blockchain & Machine Learning Based Content Platform
Blockchain Based Risk Transfer
Blockchain Revolution – Risks & Rewards
Securing the Internet of Things using Blockchain Convergence
The Convergence of Blockchain and Internet of Things
Blockchain Applications for Emerging Economies
Blockchain based Creative Content Collaboration
Applications of Blockchain Technology
What Should Bankers Know About Financial Technology
Digital Transformation of Financial Industry
Will Blockchain Secure the Internet of Things

The post Blockchain based Network Security appeared first on Risk Group.

James Felton Keith, Founder of the International Personal Data Trade Association (IPDTA) and Board Member, Democratic National Committee, participates in Risk Roundup to discuss Personal Data Ownership.

The technology-driven ability to track human “data” is driving a fundamental transformation across nations. This rise in “tracking technology” has not only made “data” collection possible, but it has also made possible qualification and quantification of “data” that individuals and entities across nations: its government, industries, organizations, and academia (NGIOA) never could imagine was possible so far.

The “data” that is generated through human use of “tracking technology” that is part of smartphones, smartwatches, smart appliances, smart cars, and more, is on its way to give rise to a whole new “personal information economy”. This is a whole new “data-driven economy” that gives each one of us an ability to make decisions based on clear and measurable “data”. It is therefore important to understand and evaluate:

• What data is being generated?
• What tracking devices are generating the data?
• Where is, the data going?
• Who owns all that data?

When the tracking devices that we use to know about our individual behavior: what motivates us, what mood we have and when, what triggers changes in our mood, what causes stress, what behavior changes we go through when we are stressed, where do we travel, when and how, who do we meet and who influences us and so on, this is a cause of great concern.

Time is now to talk about Personal Data Ownership!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

James Felton Keith is the Founder of the International Personal Data Trade Association (IPDTA). James is also the Board Member of the Democratic National Committee.

An award-winning engineer, economist, ethnography, and human rights leader; James Felton Keith, has dedicated his life’s work to economic inclusion through building systems that enable individuals to own more of their seemingly intrinsic value.

Trained as an engineer and economist, he specializes in the ethnography (cultural study) of technology, in an effort to derive solutions to problems in enterprise and policy. Formerly known as the “Personal Data Project”, the IPDTA is the first non-government to define Personal Data and to advocate for individual ownership of the oldest asset class.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

Machine Learning on Insurance Data to Predict Hospitalization
Powering Collective Human Intelligence
Collective Intelligence
Collective Machine Intelligence
Social Media Based Predictive Analytics
Big Data Driven Transformation
Smart Lending
What Should Bankers Know About Financial Technology
Digital Transformation of Financial Industry
Cloud Computing Driving Nation Transformation
Big Data Analytics and Cyber-Security Risks

The post Personal Data Ownership appeared first on Risk Group.

Pedro Fonseca, CEO & Head of Data Science @ James by CrowdProcess participates in Risk Roundup to discuss Credit Scoring using Machine Learning.

Is human intelligence still the most meaningful form of intelligence that can be effective in managing complex industry risks?

As the digital global age grows in scale and complexity, there is an increasing concern that manual business practices, that are driven largely by human intelligence, are no longer sufficient to effectively perform complex industry tasks on their own, in a timely and cost-effective manner; nor are they effective in managing complex interconnected and interdependent industry risks.

There are numerous reports emerging from across nations that machine learning has convincingly penetrated complex business processes across many industries. From credit lending to credit scoring and robot control to remote sensing, thousands of machine learning applications have already been getting deeply embedded across complex business processes. These are just some examples and it is just the beginning.

As we take a step forward in our digital global age journey, entities across nations: its government, industries, organizations, and academia (NGIOA) will surely need to go beyond basic tasks and processes like computing data and collecting metrics to developing more intelligent algorithms to strengthen some of the most important interconnected and interdependent operational, tactical and strategic technologies, processes and initiatives. Independently and collectively, this will likely impact and change not only technology and processes; but also, business, management, and governance models.

Intelligent machines are here, and the question is whether we the individuals and entities across NGIOA are prepared for what is to come…

Time is now to talk about Credit Scoring using Machine Learning!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Pedro Fonseca is the CEO & Head of Data Science @ James by CrowdProcess. He is currently working on James, CrowdProcess’ flagship product in the Financial Industry, for the credit risk space. (http://www.james.finance/).

CrowdProcess is a data science company, in the credit risk space. It has recently been considered the Best European Fintech at the prestigious Money2020 conference, for its risk product: James.

The company’s flagship product, James, is software for risk departments to build in-house scoring models using machine learning. James combines advanced scientific computing and machine learning algorithms with a business-friendly interface, specifically designed for the risk officers of mid-tier banks and credit institutions. It allows risk officers to build, test, and validate credit scoring models and comes equipped with the best Machine Learning algorithms, techniques, and validation methods.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

Machine Learning Based Market Forecasting
Machine Learning on Insurance Data to Predict Hospitalization
Future of Work – Battle between Human Work Force and Machine Work Force
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Computational Intelligence & Security Risks
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Enterprise Digital Intelligence Risks – Need for Smarter Search Tools

The post Credit Scoring using Machine Learning appeared first on Risk Group.

Philip Raymond, Co-chair of CRYPSA, a Cryptocurrency Standards Association based in the United States participates in Risk Roundup to discuss the Need for Cryptocurrency Standards.

Cryptocurrencies are on the rise!

With the advances in blockchain technology, we are on the doorstep of a whole new digital world, where there would likely be no traditional banks, traders, brokers, or any other middlemen involved when individuals across nations are dealing with money.

However, the rapid advances in cryptocurrencies are bringing complex, chaotic, and challenging times for each nation: its government, industries, organizations, and academia (NGIOA). As cryptocurrencies are getting deeply embedded across the global financial system, their crowded interconnections within and across NGIOA are catching nations off guard.

Each cryptocurrency connection and its inter-connectedness and interdependencies within and across the global financial network brings its own security challenges and risks. So, the question is how do we identify, evaluate and understand these independent and interdependent cryptocurrency risks that will likely impact each one of us, each individual, and entity across NGIOA. How do we manage these risks?

While there is growing excitement that cryptocurrency marks the beginning of a new era, the future of cryptocurrencies or any other digital currencies remains shaky until its very foundation and security risks are addressed and managed effectively. The time is now to address the need for cryptocurrency standards.

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Philip Raymond is CEO & co-chair of CRYPSA (Cryptocurrency Standards Association). He is also the principal & co-founder of Vanquish Labs, the Massachusetts, Internet security vendor.

Raymond has been the subject of feature stories in The Wall Street Journal, Forbes, National Public Radio, Boston Business Journal, Network World, PC Magazine, PC Week, and Wired News.

He is a frequent feature of syndicated radio shows. He is currently involved with the following projects; CRYPSA (Cryptocurrency Standards Association), Blind Signaling and Response (Limits use of personal data collected by cloud services), Writer/Lecturer/Security consultant, especially on Bitcoin and Privacy & Anti-forensics and RDDC (Reverse Distributed Data Cloud): Unlimited secure storage spread across peers. Access in real-time as a torrent.

Mr. Raymond founded and managed several ventures before starting Vanquish Labs. He was founder & Chairman of IMCO Electronics (originally Architectural Communications Inc), a LAN manufacturer and a preferred network solution for industrial, HVAC, building & environmental controls.

He founded Peripheral Vision (later, International Bureau of Software Test, Inc), the market leader in software testing, with contracts from IBM, AT&T, and Xerox. IBST was acquired by Prentice-Hall/Gulf & Western. He is a writer for the Sophos security newsletter “Naked Security”. Mr. Raymond is also on the Advisory Board of the Lifeboat Foundation and at Heliotronics, Inc, a manufacturer of grid-connected power inverters. Mr. Raymond holds a Master’s & a Bachelor’s degree in Electrical Engineering from Cornell University.

The Cryptocurrency Standards Association (CRYPSA) publishes standards and promotes practices that facilitate the use of Bitcoin in mainstream commerce. As a working group of the financial services industry, CRYPSA seeks to establish, measure and validate the safety & security of cryptocurrency wallets and transactions. CRYPSA certification and transaction validation is a customer assurance and accountability mechanism in the emerging economy of decentralized, p2p transactions.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

The Rise of Initial Coin Offering (ICOs)- Risks and Rewards
Emerging Technologies Geopolitics
Cashless Economy – Risks & Rewards
Protecting Cryptocurrency
Blockchain based Insurance Model for Managing Aging Infrastructure Risks
Smart Contracts – Risks & Rewards
Blockchain & Machine Learning Based Content Platform
Blockchain Based Risk Transfer
Blockchain Revolution – Risks & Rewards
Securing the Internet of Things using Blockchain Convergence
The Convergence of Blockchain and Internet of Things
Blockchain Applications for Emerging Economies
Blockchain based Creative Content Collaboration
Applications of Blockchain Technology
What Should Bankers Know About Financial Technology
Blockchain based Network Security
Digital Transformation of Financial Industry
Will Blockchain Secure the Internet of Things

Backing Bitcoin with Physical Gold

The post Need for Cryptocurrency Standards appeared first on Risk Group.

Patrick Bucquet, Co-Founder and Senior Partner at Chappuis Halder & Co. participates in Risk Roundup to discuss Digital Transformation of the Financial Industry.

Thanks to advances in science and technology, fundamental changes are on their way to nations: their government, industries, organizations, and academia (NGIOA). A potential promise of this fundamental change is transformation; a transformation that is creating completely new technology, business, management, and governance models.

As seen across nations, in almost every sector, we are witnessing great examples of how technology-driven transformation is redefining the very core of the business, management, and governance models of NGIOA.

Uber and Facebook are just some of the great examples. The financial industry is also going through a similar technology-driven transformation. Almost every type of financial activity that we see today, from banking to payments to wealth management, is being re-imagined and re-designed.

As digital technology begins to shake up the financial industry workflow and processes, everything is impacted. The tasks that were once handled with paper money, giant computers, and human interaction, are now being completed entirely on digital interfaces, without the involvement of any humans and in a short amount of time and cost-effectively.

When new digital competitors, new digital technology, and new consumer expectations begin to impact the financial industry, the question surrounding the industry today is not whether it will be transformed, but how it will be transformed. Time is now to discuss the digital transformation of the financial industry.

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Patrick Bucquet is currently Co-Founder and Senior Partner at Chappuis Halder & Co., with first-hand experience of the transformation of the Financial Industry landscape and the emergence of new services in Europe, Asia, and North America. Patrick is enthusiastically involved in the launch of digital offerings, supporting banks and insurance companies to surf the digital waves. He is Tech-savvy with deep industry expertise, bridging the gap between business and IT to develop powerful and disruptive innovations to transform the FS industry.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

Machine Learning on Insurance Data to Predict Hospitalization
Powering Collective Human Intelligence
Collective Intelligence
Collective Machine Intelligence
Social Media Based Predictive Analytics
Big Data Driven Transformation
Smart Lending
What Should Bankers Know About Financial Technology
Personal Data Ownership
Cloud Computing Driving Nation Transformation
Big Data Analytics and Cyber-Security Risks
How will Deep Learning Disrupt Financial Sector?
Credit Scoring using Machine Learning
Financial Industry Moves Towards Artificial Intelligence Based Machines
Agricultural Robots
Computational Intelligence & Security Risks
Business Logic Monitoring and Automation
Societal Impact of Robotics
Enterprise Digital Intelligence Risks – Need for Smarter Search Tools
Need for Cryptocurrency Standards

The post Digital Transformation of Financial Industry appeared first on Risk Group.

Joshua Scigala, CEO of Vaultoro.com – Full Reserve Gold Banking, participates in Risk Roundup to discuss Bitcoin Backing with Physical Gold.

The digital global age has brought an explosion in digital commerce. With a rapid increase in digital commerce, digital payments and digital currencies are expected to grow in parallel as well. So, the question is whether individuals and entities across nations: their government, industries, organizations, and academia (NGIOA) are prepared for the likely rise of digital currency.

As of today, across nations, there are many different digital currencies, either already in use, or in development. But despite many different digital currencies; users, consumers, and citizens still believe that credit and debit card is the most secure form of payments. Why is that so? Is that because digital currencies are still evolving. Or is it because they are most difficult to secure?

When currencies are not backed by any central banks or government authority, and when they exist purely in digital form, they can be lost through hacking- or even by just losing the password. This is a cause of great concern. The cause of concern is large because of the vulnerability in the digital financial system, where such compromised digital currency accounts have little hope for recovery.

In short, it is we the users, consumers, and citizens that are pretty much responsible for making sure nothing happens to our money. Time is now to talk about the need for backing bitcoin with gold!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Joshua Scigala is the CEO of Vaultoro.com – Full Reserve Gold Banking and is based in Berlin, Germany. Vaultoro.com is the first real-time bitcoin / physical gold trading platform, order book, and API.

Joshua Scigala is a distinguished designer, animator & entrepreneur. Initially, training as a designer and special effects artist in Sydney, Australia, Joshua went on to establish himself as a sought-after senior designer in some of the best post-production houses in Australia.

Joshua, in turn, turned his attention to the television industry, designing & producing for some of the biggest shoe brands in the world, such as The Big Bang Theory, 24 & Australian Idol. As well as rebranding whole networks like 4meTV Singapore and Sydney. In 2001, Joshua established swapstyle.com an online swapping web app designed to combat the huge waste accumulated as a by-product of the textile industry.

Swapstyle.com was the first website in the world to provide clothing swapping facilities and was featured on Fox News, Dr. Phil & Bloomberg (sold in 2014). Joshua is also the founder of ozdesigner.com, one of Australia’s first online fashion boutiques selling on behalf of exclusive Australian & New Zealand fashion houses (sold in 2008).

After developing cutting-edge IOS application technology as the director of The Mobile App Company Pty Ltd, Joshua turned his attention to the advancement of Crypto-currencies and has been an avid member and proponent of the Bitcoin community since 2010. He moved to Berlin in 2012, and with his interest in alternative economies established Vaultoro.com as a co-founder together with his brother Philip Scigala.

Risk Group is a leading strategic security risk research and advisory organization.

Copyright Risk Group LLC. All Rights Reserved

The Rise of Initial Coin Offering (ICOs)- Risks and Rewards
Emerging Technologies Geopolitics
Cashless Economy – Risks & Rewards
Protecting Cryptocurrency
Blockchain based Insurance Model for Managing Aging Infrastructure Risks
Smart Contracts – Risks & Rewards
Blockchain & Machine Learning Based Content Platform
Blockchain Based Risk Transfer
Blockchain Revolution – Risks & Rewards
Securing the Internet of Things using Blockchain Convergence
The Convergence of Blockchain and Internet of Things
Blockchain Applications for Emerging Economies
Blockchain based Creative Content Collaboration
Applications of Blockchain Technology
What Should Bankers Know About Financial Technology
Blockchain based Network Security
Digital Transformation of Financial Industry
Will Blockchain Secure the Internet of Things
Need for Cryptocurrency Standards

The post Backing Bitcoin with Physical Gold appeared first on Risk Group.