The state of international finance has continuously achieved monumental and dramatic changes over the years. While there are several aspects that may have contributed to its transformation, there’s no denying that the main drivers of these changes come from three major factors: technology, geopolitical climate, and economic policies by the world’s leading decision-makers.
Here are the latest updates from around the world that are slowly transforming international finance.
- China’s global trading conquest.
As the second largest economy in the world, China has the power to stir dramatic changes on a global scale. The economic giant recently reached out and forged partnerships with other countries. Additionally, its famed “One Belt One Road” initiative is set to create a modern Silk Road, providing a massive infrastructure through efficient land and sea access among China, Russia, Europe, and other neighboring countries.
- Financial Technology in Banking
Technology has touched almost every aspect of the modern world, and the Finance Industry is no exception. Innovations such as blockchain technology, data analytics, artificial intelligence (AI) as well as cloud computing are slowly transforming modern banking and investing. In offshore investment centers like Bermuda, firms are increasingly capitalizing on digital platforms. LOM Financial’s OPUS system, for example, offers self-directed online trading access on all major global markets and exchanges.
- Japan’s rising ETFs.
Last year was a great one for the stock market, and it’s not just participants from the West that enjoyed its benefits of the soaring financial markets. Japan, for instance, experienced a surge in Exchange Traded Funds. Experts suggest that the reelection of Shinzo Abe as the country’s prime minister caught the attention of investors, benefiting two of Japan’s leading ETFs: iShares MSCI Japan ETF and WisdomTree Japan Hedged Equity Fund.