Financial tech provider GuavaTech is adding low-latency connectivity to Chicago-based crypto exchange Seed CX, which allows its clients to access a wider range of cryptocurrency markets and its key liquidity venues. GuavaTech customers will benefit from this addition as it will enable them to add digital assets to their existing trading strategies and portfolios. Siloed and finance operations manually are going to start the test and in some cases, affecting three evolving technologies which can offer a single view of corporate data in real-time. Even it is affecting the automating difficult business processes.
The problems in having real-time corporate information and deep awareness are tied more to the legacy systems in developed firms. And coming to newer firms or startup companies have more options and more likely to experiment on the technology.
The startup company is likely to use the cloud-based technology and the other finance applications and tools and likely to configure in accessing the data for real-time. So, the startup company is not likely to install the internal ERP model system in the company.
There are some advances provided by the new technologies are improved response from the finance department, finance cycle changes, and touch-less transactions.
A key advantage is the data integrity which an immutable blockchain environment can afford. Business processes are optimized by the blockchain ledger which can increase the volume of transactions only by allowing for greater visibility into the process.
Ehrenhalt, principal analyst at Deloitte said that the steps to be prepared to recognize the change. He also said that CRO should possess the clear view of how financing needs to support the business success and building capabilities of the company, governing key technologies across the finance department, identifying the critical gaps and recognizing the financing leaders may get more leading employees with skills, determining the cultural changes which are required to the company etc.
By looking at other business how they are using the new technology, can note of what automation can deliver in the company.
Seed CX Extends to Asia
With manifold currencies reinforced and numerous pairs traded, Seed CX is clearly gearing in the direction of functioning in the cryptocurrency place much like a forex broker, albeit absorbed on the official segment. Casting the attention on this realm, SeedCX’s Chief Strategy Officer Sam Tegel attended the Finance Magnates London Summit in 2018 and expressed his analytical insights into price detection, liquidity, and hedging in dissimilar crypto interchange models.
He particularly said about the importance of making the framework for the cryptocurrencies technology innovation and the implementation which can develop the quality of life of the US. He emphasized on the importance of crypto taxation.
Tom Emmer, Caucus member said that he likes to introduce three bills which are going to support the development of the blockchain technology. The cryptocurrencies are established as a safe harbor for the taxpayers.