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.
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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