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.
No comments:
Post a Comment
Thanks for you your comment. I will review your comments and if approved, it will be posted in the blog.
Note that Comments in form of marketing other products/services will not be allowed.