“While FinTech disrupts banks, the blockchain disrupts FinTech,” reports NASDAQ in writing about a PwC report on the blockchain. About 83% of financial services companies thinkspecific aspects of their businesses are at risk to various FinTech companies, a PwC survey shows. Among its other findings are: financial institutions underestimate blockchain and consumer banking and payments companies are at risk. In an attempt to make the blockchain easy to understand, IBM presents a basic article on delivering financial services via blockchain, including a link to a technical seminar in Chicago later this summer. Also in Chicago, the Ethereum Meetup featured developer Peter Borah giving a history of web and cryptocurrency developments leading up to today’s Ethereum blockchain and its potential as the universal API. Details in the forthcoming 2016 FinTech Rising report.
FinTech Rising
Reports at the intersection of money, banking, securities, and payments with digital technologies