The bright smile of destiny has shone upon the United Kingdom in quite dramatic circumstances. And as a result, the vote to leave the European Union in June opens up a massive opportunity for the financial services business in the City of London to reinvigorate itself.

There is a lot of hype around blockchain technology. Yet, it has no live, large scale implementations within the financial services sector.  The fact remains that blockchain holds great potential in transforming the way we do business.

Differentiators always fade away with time and new ones have to be identified or built continuously. Innovations provide businesses the advantage to leap forward against the competition, but only for a limited time. With advancement and adoption of technologies by end customers in their day-to-day lives, their expectations are increasing and they look forward to greater value delivered through digital channels.

On the face of it, the FCA’s (Financial Conduct Authority) focus on regulating the market whilst simultaneously promoting competition and innovation may seem like a Catch-22 situation for financial services businesses.