| | AUGUST 202019CIOReviewWhat are the current market trends you see shaping the Fintech space?This depends on what we mean by "Fintech."People often say Fintech and think about the startup; clearly there is a startup element to this. As we talk about the startup world,we also think about what it's like being an established player in the financial services ecosystem. We're seeing a lot of startups operating in an innovative and agile way. They're bringing new capabilities and disruption to the established order, re-automating or automating existing processes. We also see significant investment and innovation around cybersecurity-- applying machine learning, artificial intelligence, big data analytics and the likes to some of the problems in cybersecurity. As these capabilities evolve and mature, they are becoming more and more adopted within the financial services ecosystem and large banks. Refinitiv is a global leader in financial services. We have an open philosophy to technology and innovation, often partnering with Fintech startups with bright ideas that need data and relationships with large financial institutions to experiment.With all this transformation happening, the amount of data continues to grow exponentially. The hyper-scale cloud providers enable anyone to process large amounts of data quickly and inexpensively. This allows startups to get their products to market quickly. The challenge in this environment is to turn the proliferation of data into an opportunity to carve a competitive edge. We're also seeing an inflection point as more adoption of the cloud becomes the norm in financial services. Regulators are being more and more open to the use of cloud capabilities. We often talk about regtech where we see innovation around technology applied to regulatory issues. The technology is enabling faster innovation and new ways of working. Elaborate on the challenges that organizations will need to address related to the Fintech space.Banks, insurance companies and hedge funds have complex and often aging infrastructure. They've been growing quickly and many have invested significantly in product and technology over the years. As a result of the financial crisis in 2008, some institutions merged and regulators have taken a strong position regarding the amount of capital banks have to hold. Banks and An Interview with John Finch, CIO, RefinitivDIGITALLY DISRUPTED OR REDEFINED?IS THE FUTURE OF FINTECHJohn FinchCIO INSIGHTSAs Chief Information Officer for Refinitiv ­ formerly the Financial & Risk business of Thomson Reuters ­ John Finch leads product development (CTO), infrastructure and IT Operations (CIO), Cyber Security (CISO), Enterprise Architecture & Programme Office (PMO). This global team manages the technology that delivers and services the platform for customers, as well as digital and enterprise business systems.
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