Blockchain is revolutionizing the banking sector
We’ve all heard about it, we all come into contact with it, but what is blockchain and how will it impact global banking? With fintechs leading the way in the digital transformation of banking, what are the practical applications of blockchain and how will it shape the future digital bank?
In today’s globalized environment, with regulatory demands and competition from fintechs and others, institutions that cannot meet these challenges may not be viable in the long term.
Regulatory demands and competition from fintechs, disruptors and others, especially in today’s globalized environment are posing a long term viability challenge to those institutions that cannot match these agile digitally focused organizations.
With the emergence of blockchain technology, a new revolution is underway: the industry is embarking on transformation, from operational processes, to different business markets such as payment services, real estate, insurance, asset management, crowdfunding and lending to leverage the advantages it offers.