[alert type=yellow ]Every week at Tradestreaming, we’re tracking and analyzing the top trends impacting the finance industry. The following is a list of important things going on we think are worth paying attention to. For more in depth trendfollowing, subscribe to Tradestreaming’s newsletters
1. Technology is filling the void left behind by Wall Street layoffs (Tradestreaming): As Wall Street sheds some jobs, the robots are replacing them. It was just a few months ago that employment on Wall Street hit a post-crisis high. But now, the biggest banks are shedding jobs and in their place…software.
See also: Citi: Technology could cost 2m bank employees their jobs (WSJ)
2. Debt market opens to P2P loans (Tradestreaming): There’s the beginning of a serious debt market forming around p2p loans. Early securitizations are taking hold, slowly. It will be a long slog but the marketplace lending industry is maturing as an investable market.
3. DTCC, Digital Asset Holdings build blockchain for repurchase market (American Banker): The Depository Trust & Clearing Corp. and Digital Asset Holdings are targeting the repurchase agreement market as the latest use case for a blockchain solution. DTCC, a post-trade financial services company, plans to test a distributed ledger for managing repo transactions using software developed by Digital Asset.
See also: Bitcoin technology’s next big test: Trillion-dollar repo market (WSJ)
4. Banking regulator moves to create new framework to govern upstarts (CNBC): Now, in the face of rapidly evolving technology within an already heavily regulated business, the Treasury Department said it’s “considering various reforms” to existing policies, which could include establishing “a centralized office on innovation … to vet ideas before a bank or nonbank makes a formal request or launches an innovative product or service.”
5. Canaan Partners’ Dan Ciporin on investing in marketplace lending (Tradestreaming): Famed fintech investor, Dan Ciporin joins us on the Tradestreaming Podcast to talk about his investment thesis in marketplace lending and fintech and why the public markets don’t quite understand Lending Club. Worth a listen.