Connie Bloem says ordinary people can get involved in trading and is using technology to show them how.
Connie Bloem: co-founder and executive head of Mesh seeks to make complex financial world easier to enterConnie Bloem: co-founder and executive head of Mesh. Picture: Supplied
A sophisticated financial instrument has layers of service providers, distributors, brokers, custodians, depositories, compliance officers, registries, exchanges, banks, tax advisers and lawyers. Each charges a fee for facilitating a trade between buyers and sellers. The capital market has long operated on old, inflexible, expensive technology and many manual processes that make it an industry ripe for modernisation, says Bloem.
Bloem, a graduate of the University of Pretoria, started her career at Accenture and in 2016 became a business analyst at IT services and consulting firm Andile Solutions. They implemented big treasury and trade systems within the banks. Treasury services concentrate and invest client funds, offer solutions for trade finance and logistics, and protect, value, clear, and maintain investor and broker-dealer portfolios. For a bank, this is a source of risk-free income.
Bloem’s husband, Hendri Breedt, who landed a job in Paris, works in alternative energy at a firm in Europe. She jokingly describes the relationship as one saving the banks while the other saves the planet. A lot of people think that investment is just this one lucky strike, says Bloem. Imagine living in a world where you could see companies like Apple coming up and then invest in them.
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