Tuesday, May 15, 2018

Digitalization of Banks and How Blockchain Helps


The core of challenges faced by banking industry today are: Time taken to complete a transaction, Securing customer and bank’s internal data, Compliance with regulations & Fraud detection & prevention.

All these challenges are essentially data & compute related. Once we understand the core data issues, solving them is relatively easy. Blockchain technology is a great solution to solve many of the current banking challenges.


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