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This article was submitted by Ralph Achkar, Product Director, Capital Markets, Colt.
FinTech continues to dominate the headlines. It’s hard to open any business or financial publication at the moment without seeing an article on the impact of new, innovative companies ready to change our financial lives using technology.
The blockchain alone – the darling of FinTech era – could cut banks’ infrastructure costs for cross-border payments, securities trading and regulatory compliance by $15bn-$20bn a year from 2022 according to a study from Oliver Wyman.
The rationale behind many of these businesses – the headline grabbing ones anyway – is that a combination ... (read more)