70% of Financial Institutions Believe Blockchain Will Be Good for Business
Despite claims that blockchain could be a disruptive technology, a new survey has found 70% of financial institutions believe the innovation will positively impact their business. Notably, this figure rose to 90% among financial institutions that reported a strong awareness of the technology, according to data from business advisory firm FTI Consulting. The findings came even as respondents suggested they also believe that blockchain technology could make it easier for criminals to finance illegal activities and sidestep regulations. According to managing director Dan Healy, the survey was....
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RegTech enhances compliance for financial services institutions. This guide explains how blockchain works in banking to achieve this goal. What are the key areas where blockchain is adding value to the RegTech ecosystem?Financial regulators and service providers are looking for the best and most cost-effective solutions to help the banks and other financial institutions comply with the rules and do business in a compliant regulatory environment.As blockchain is already disrupting the conventional ways of doing businesses, thanks to its benefits in terms of enhanced transparency, faster....