Skip to content
Nicolesmagicspatula

Nicolesmagicspatula

We know finance

Primary Menu
  • Business News
  • Business Development
  • Business Networking
  • Business Knowledge
  • Finance Companies
  • Finance Analyst
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • SITEMAP
  • Home
  • Being poised for tech explosion in finance
  • Finance Analyst

Being poised for tech explosion in finance

By Bernadette 11 months ago

[ad_1]

With the development of technology and online payments, especially during the recent pandemic, this may be the most flourishing time for personal investment channels.

Being poised for tech explosion in finance
Investors must keep on top of the latest developments in investment channels, as digitalisation pushes things further and faster

At a mid-July seminar hosted by Vietnam Investment Review, Exness representative Thai Viet Dung stressed that history shows humanity always reaching breakthrough achievements in technology.

“We have also seen the birth of new financial models that break old methods and update the latest technology trends,” Dung said. “Decentralisation in the financial industry and the creation of new structures and models that are more solid and energetic than those that have been successful before are accelerating.”

With the rush to accelerate the use of online payment over the past few years, new funding channels are opening up. Besides traditional channels such as real estate, securities, bonds, gold, and foreign currencies, the market has developed and perfected a variety of new investment corridors.

Dung added that new opportunities will always appear in the market, whether it is on an upward or downward trajectory. This is not a small challenge for businesses that are developing products related to the financial sector.

Being poised for tech explosion in finance
Types of Financial Models

Similar to how the internet turned entire industries on their heads, blockchain has the potential to be the next big thing, Dung said. It is predicted that the technology will really take off in the next decade if it can be developed to a point where it is ready for commercial application, rewarding early investors’ faith 1,000 times over.

Most people immediately think of cryptocurrencies when they hear the word “blockchain.” But the blockchain is the underlying technology of cryptocurrencies, powering almost all of the digital assets available on the market while fostering decentralisation, high security, transparency, and peer-to-peer interactions.

Stanislav Bernukhov, a market analyst at multi-asset firm Exness, told VIR that the current economy is only now beginning to use blockchain technologies. “In addition to validating financial transactions and developing secure payment protocols, blockchain has various applications, including supply chains, project management, and government,” Bernukhov stated.

The market for blockchain technology is anticipated to have increased at a compound annual growth rate (CAGR) of 56.9 per cent, from $5.5 billion in 2021 to $8.61 billion this year. The companies stabilising their output after meeting the demand that increased rapidly during the pandemic last year is mostly the cause for the change in the growth trend.

At a CAGR of 54 per cent, the market is anticipated to reach over $48 billion by 2026, according to the Blockchain Technologies Global Market Report 2022, released by Reportlinker.com.

Le Van Duong, partner at Indochine Counsel, said that technology brings more chances for investors to choose new investment channels. However, he suggested that investors have to update their knowledge to protect themselves within the boundaries of Vietnamese law.

“It is well known that there are currently no laws or regulations in Vietnam that specifically address cryptocurrency. Guidelines for this field can be inferred from some currently in effect legal regulations, such as those on non-cash payments, as well as from a variety of legal instruments, including the prime minister’s orders and official letters or dispatches of the State Bank of Vietnam,” Duong noted.

Exness is one of the industry’s top brokerage firms, offering online trading services in cryptocurrencies such as but also in stocks, indices, commodities, and currency pairs.

Being poised for tech explosion in finance
Tong Quoc Dat – Senior market strategist Exness

Currently, there are myriad modes of financial investment worldwide. With respect to those powered by electronic platforms there are four models: A-book, B-book, Hybrid, and MM (market maker).

The most conventional model is A-book, where the brokers receive orders from their investors, then send these orders to different exchanges leveraging an IT platform. To outperform their rivals, the IT platform must be powerful.

Of the four models, MM is the smartest and is mandated to satisfy two factors: having hefty finance and a top-notch IT platform.

MM’s prevailing advantage is its capacity to create smart algorithms capable of offering multi-price levels instantly, thus entailing ample liquidity for the market. This model is currently optimal but there are only about 40-50 market makers globally.

Currently, Vietnam just utilises the most conventional model, A-book, at securities firms. As such firms remain modest in number, at around several dozen units, there has not been stiff competition among firms in terms of technology.

In the forthcoming time, to learn from the advanced worldwide model, it is important that more finance firms and organisations become licensed to offer the services of a securities firm. The more entities join the game, the more competition will heat up, pushing firms to invest intensively in technology and providing the springboard towards the next phase of development.

As of now, there are many potential fields. Banks, for example, have very strong fundamentals in terms of customers and their money stream management, as well as having a good grip on their customers. Due to legal roadblocks, they cannot perform the role of securities firms. If all capable units were licensed to offer the service, it would help scale up market liquidity, making the stock market increasingly vibrant to attract investors, from there driving national economic development.


By Thy Nguyet



[ad_2]

Source link

Tags: Amazon Business Credit Card, American Airlines Business Class, At&T Business Login, Austin Business Journal, Best Bank For Small Business, Best Business Bank Accounts, Best Business Schools In Us, Best Business To Start, British Airways Business Class, Business Attire Men, Business Card Ideas, Business Casual Shoes For Women, Business Continuity Planning, Business Entity Search, Business Letter Template, Business Management Degree, Business Manager Facebook, Business Plan Outline, Business School Rankings, Colorado Business Search, Delaware Business Entity Search, Drop Shipping Business, Family Business Bet, Fox Business Live, Georgia Sos Business Search, Google Business Account, Harvest Small Business Finance, How To Build Business Credit, Is Saturday A Business Day, Is Sears Still In Business, Microsoft 365 Business, My Business Google, Name Generator Business, None Of Your Business, Ny Sos Business Search, Open A Business Bank Account, Pa Business Search, Plus Size Business Casual, Pnc Business Banking, Sos Business Search Ca, Sunbiz Business Search, Taking Care Of Business, The Business Of Being Born, Turbotax Home And Business 2020, Tx Sos Business Search, Venmo For Business, Verizon Business Plans, Virtual Address For Business, What Are Business Days, Women Business Casual

Continue Reading

Previous 7 Powerful Ways to Humanize Your Small Business Brand
Next Boost your ecommerce strategy with these 10 affiliate marketing tips
June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« May    

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

BL

Recent Posts

  • Trending Subject areas and Information
  • Best Financial Education Online Resources
  • Totally free Grants For Women in Small business
  • Ecommerce Enterprise Ideas In 2019 Advice From 27 Trade Consultants
  • How To Become Productive In A Catering Enterprise
Intellifluence Trusted Blogger

Tags

Amazon Fba Business At&T Business Login Atlanta Business Chronicle'S Boss Baby Back In Business business Business Administration Degree Business Attire Women Business Card Design Business Cards Templates Business Casual Dress Business Casual Outfits Business Checking Account Business Credit Card Business For Sale Near Me Business Intelligence Platform Business Lawyer Near Me Business Loan Calculator Business Name Ideas Business Professional Women Business Spectrum Login California Business Entity Search Capital One Spark Business Carl Weber'S The Family Business Charlotte Business Journal Custom Business Cards Delaware Business Search enterprise Florida Business Search Fl Sos Business Search Harvard Business Publishing Insurance For Small Business Kelley School Of Business Maryland Business Express Maryland Business Search Moo Business Cards National Business Furniture New York Business Search Ohio Business Gateway Onedrive For Business Online Business Ideas Paramore Misery Business Risky Business Cast Small Business Insurance Spectrum Business Customer Service Tom Cruise Risky Business

getlinko

nicolesmagicspatula.com | Magazine 7 by AF themes.

WhatsApp us