Peter Dehaan - Smartstream - Money20/20 Europe 2023

In Amsterdam for Money20/20 Europe 2023, we sat down for a conversation with Peter Dehaan, Head of Business Development at Smartstream. Smartstream uses advanced technologies to help customers realise their digital strategies and create leaner post-trade operations. “There have been 50 folded banks in the last 10 years in the US. We had a quiet period in 2021 & 2022, where there were no failures. Then, there’s obviously been 3 this year. If you roll that out into the value of the 50 that have collapsed, that equated to $6 trillion in assets and around $5 trillion in liabilities.” “So it’s massive numbers around that front. The key here is that across the decade, interest rates were only around 2.5%. Now they’re at 5%, and that’s what’s pushing more pressure on banks to better manage their money.”