Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, Fintech, DeFi, Blockchain, Web 3 News

What Banks Stand To Lose By Ignoring Blockchain

By now, it’s no secret that if major financial institutions want to stay ahead of the game, they should invest in blockchain startups. Analysts predict the ledger technology to potentially overhaul the way payments are done, to ease cross-border transactions and to provide an extra boost to payment speeds.


That’s why the latest report from technology services and consulting firm Capgemini may not seem so surprising, at least at first. The company published a new report this month that concluded the world’s banks simply cannot “afford to ignore” the blockchain.

But a deeper look into the report uncovers insight into just why that conclusion was made — and no, it isn’t simply because blockchain investment is a trendy move for banks today.

Analysts at Capgemini declared in “Blockchain: A Fundamental Shift for Financial Services Institutions” that the blockchain is the next evolution in the digitization of payments and the next level of payments recordkeeping and security. And the startups that are harnessing this next phase of payments technologies are the ones banks would be keen to watch, the report said...

Read more:
http://www.pymnts.com/in-depth/2015/what-banks-stand-to-lose-by-ignoring-blockchain/


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Jeudi 26 Novembre 2015




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