How can blockchain help financial institutions save money?

According to PwC, using blockchain in finance can save institutions around $20 billion per year on infrastructure. Additionally, blockchain fintech solutions allow financial institutions to finally let go of cumbersome and outdated legacy systems, freeing more resources and opportunities for improving their tech assets.

How will blockchain impact the financial services industry?

Financial technology companies have become a huge part of the financial services industry, allowing investors to open accounts with digital advisors and make independent financial decisions. As fintech plays a stronger role in global finance, its relationship with blockchain will inevitably become stronger.

What are the benefits of blockchain technology?

The blockchain, as a form of distributed ledger technology (DLT), has the potential to transform well-established financial institutions and bring lower costs, faster execution of transactions, improved transparency, auditability of operations, and other benefits.