Calastone, the global transaction network for the fund industry, has been singled out as one of the key companies helping to shape the future of financial services.
Calastone’s work to remove all technical barriers to the automation of fund transactions was recognized by the inaugural FinTech 50 Watchlist, a shortlist of fifty European firms whose innovative use of technology is helping to transform the way the financial sector works.
Philip Goffin, Executive Director, Head of UK Sales & Marketing at Calastone said,
“2013 is a year of exciting growth for Calastone, reflected by our inclusion in the FinTech 50 Watchlist. Since our launch we’ve helped the industry reduce the cost of electronic transactions by over 60% and our ongoing investment in cutting edge technology promises to continue to transform transaction processing, helping to automate everything from order entry and valuations to settlement and reporting.”
The 2013 FinTech50 Watchlist, created by The CEO Agenda, ICON Corporate Finance, Hotwire, Silicon Valley Bank and Fox Williams, is designed to provide an annual snapshot of technology in financial services.
Having historically been considered slow to embrace new technology, financial services is quickly becoming one of the key sectors for technological innovation.
FinTech50 set out to choose companies who are, or show the potential to become, game-changers in the FinTech space.