Synechron Survey: Blockchain and AI Will Have Huge Impact on Financial Services Over Next 10 Years

The majority of financial service executives believe blockchain technology will be hugely important to their industry over the next 10 years, according to a survey sponsored by Synechron, a global and technology consultancy based in New York, N.Y. The TABB Group conducted the survey on behalf of Synechron, and it included 92 banking and capital markets institutions. The survey queried executives directly involved with technology decisions about the potential of blockchain technology and artificial intelligence. More than 55% of respondents said that over the next 10 years, blockchain will....

The global business consulting and technology services provider Synechron conducted a survey in cooperation with capital markets research firm TABB Group on the topic of blockchain technology in financial services. Over 200 senior-level financial services and technology decision makers across the U.S., U.K. and Europe were interviewed for this survey. The outcome of the survey suggests that the vast majority of financial institutions believe in the potential of blockchain technology and that it will be in everyday use in the financial industry within the next 10 years. Of the surveyed....

Synechron, a consulting services and technology provider specializing in the financial services market, has announced a partnership with Ethereum blockchain developers ConsenSys and BlockApps to develop next-generation blockchain solutions. These solutions will address critical issues, such as data privacy on a private blockchain, scalability for market data applications and critical interoperability across Ethereum and complementary technologies. “While blockchain has the potential to be a transformative technology, financial institutions need highly-customized applications that take into....

If 2016 was the year of the Blockchain POC, 2017 will be the year of the Blockchain application. In 2016, analyst firms and industry bodies such as the World Economic Forum (WEF) laid out the top use cases to tackle. According to 2017, work from industry leaders like ConsenSys, a custom software consultancy led by Ethereum founder Joe Lubin, indicates that 2017 will be the year of the Blockchain application. In order to accelerate the development of Blockchain applications, ConsenSys joined forces with Synechron, a global digital consulting firm working with financial institutions, to....

Nearly 20% of attendees at this year's Money20/20 conference in Las Vegas believe that blockchain technology will have the greatest impact on the financial services space over the next three to five years. Capturing 19% of the responses, blockchain technology surpassed the Internet of Things and artificial intelligence, which garnered 17% and 9% of the vote, respectively. In total, 53% said that big data analytics and alternative payments would have the most impact by 2020. "Respondents within the investment, media, government and consultant business were more likely to rank blockchain....