Blockchain applications in banking
The thinking around blockchain concepts to facilitate the exchange of money is well-established in digital currencies. However, there are more opportunities for banks to use the blockchain technology to improve other services and compliance activities less likely to be subject to disintermediation.
Deloitte continues growing major blockchain initiative, teaming with five technology companies and announcing 20 prototypes in development
Deloitte announces that it is working with five prominent blockchain companies – BlockCypher, Bloq, ConsenSys, Loyyal (formerly known as Ribbit.me) and the Stellar Development Foundation – to provide new technological capabilities to its global financial institution clientbase.
European banks face significant risks in the retail payments market, as emerging fintech players and regulatory reforms pose new challenges. In this report, we explore the main scenarios which are likely to emerge and the strategies banks could follow to respond to market changes.