Barclays’ Ex-CEO Sees Blockchain Uprooting Critical Core of Banking
Former group chief executive of Barclays, Antony Jenkins, sees innovation such as blockchain and artificial intelligence to challenge and change core banking principles in the near future. Former CEO of Barclays, the UK’s second biggest bank in assets has, in a recent speech, opined that banks will have to face “extraordinary changes” in the upcoming decades, in quotes attributed to the Telegraph. Speaking at the Institute of Chartered Accountants in England and Wales, Jenkins touched upon banks’ reliance on maturity transformation – a core component of retail banking, critical to its very....
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