Why Big Bank Blockchain Leads Are Leaving for Startups
Recent months have seen blockchain innovation professionals departing legacy financial institutions for smaller startups, but the motivations driving this shift in the industry are less than clear. To date, it’s been one of the less-discussed trends of 2016, given the lack of public dialogue from the major firms affected and the relative quiet of the new startup founders, many of whom are seeking to do business with their former employers. So far in 2016, BNP Paribas, Deloitte, JPMorgan and State Street have all seen members of their blockchain teams depart. This has given rise to a new....
Related News
The founder and head of Philips Blockchain Lab is leaving the healthcare giant effective 1st August for new opportunities in the blockchain sector. Arno Laeven, who led a 12-person internal team which investigated how blockchain tech could be applied to healthcare, said he will be departing for "new adventures" in the industry, but declined additional comment. Laeven was formerly global IT innovation lead, before founding the Philips Blockchain Lab in January. Laeven will be succeeded by Patrick van Beers, senior director of digital platform solutions at Philips Research. The....
Research suggests that while the U.K. may be behind the U.S. with the number of blockchain startups, it leads the way in diversity compared to any other country. The world’s first blockchain startup tracker was introduced by Outlier Ventures in May of this year. Its aim was to provide a comprehensive overview of the various projects and information regarding the nearly 1,000 blockchain startups across the globe. Interestingly, while many may think that the U.K. has the highest number of blockchain startups, it is, in fact the U.S. According to Outlier Ventures blockchain tracker, it found....
The cryptocurrency industry used to be the realm of those frustrated with the government's control on the monetary system but bitcoin startups now seem to be attracting highly-paid individuals from Wall Street. Some are leaving their established positions in financial firms to join bitcoin companies while others are starting their own. "A lot of people are entering the bitcoin space as the sector has reached an overall level of funding that's hard to ignore," said Jaron Lukasiewicz, founder and chief executive officer at New York-based bitcoin exchange Coinsetter. Lukasiewicz previously....
Almost immediately after the announcement of Brexit, Bitcoin and Blockchain startups started thinking of leaving Britain to other Fintech hubs such as Germany and Belgium. To prevent a shortage of Fintech startups and talents in the country, London is forming a Fintech bridge with Belgium’s financial sector. Earlier this week, Belgium’s finance minister and a delegate from the Belgian Fintech sector entered into a strategic partnership with Innovate Finance, a non-profit industry body serving the Fintech community of the UK. Sources revealed that the Belgian government-owned platform....
Bitcoin remittance company Abra is one of five startups working with blockchain technology to be accepted into the latest financial technology program operated by California startup incubator Plug and Play. Abra, BlockNotary, BlockSeer, Skuchain and Token are the blockchain startups set to take part in the program, among a total of 23 participants. Startups in the initiative will take part in mentoring sessions and pilot programs over the course of the three-month initiative. The incubator draws support from a number of firms involved with blockchain-services or consortia devoted to....