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Could blockchain, artificial intelligence and cloud computing transform the banking industry?

Could blockchain, artificial intelligence and cloud computing transform the banking industry? Blockchain, artificial intelligence (AI) and cloud are all thought to be the next big things in the world of banking, with many banks already dipping their toes into the water, in an attempt to get ahead of the competition. Blockchain Blockchain is creating a real buzz in banking circles, thanks to its transparency, and its inability to be corrupted. The technology’s security aspects make it particularly appealing in the...

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The Financial and Insurance Sectors Are Heading for Problems: Could Blockchain Technology Be the Answer?

The Financial and Insurance Sectors Are Heading for Problems: Could Blockchain Technology Be the Answer? As the financial and insurance markets face challenging times in respect to compliance matters and the increasing risk of fraud, they are looking for solutions to avoid or minimise these harmful issues. As such, blockchain technology has come under the microscope, with its potential now being recognised beyond the technological sector. There are some fantastic benefits of blockchain for businesses, especially those with such an...

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Blockchain moves into solar technology

Blockchain moves into solar technology Cryptocurrencies and blockchain may have only been around for a decade, but already the technology has captured the imagination of industries beyond the realm of finance. Financial transactions Most people associate blockchain technology with cryptocurrencies such as Bitcoin, Litecoin or Etherium. Best described as a shared ledger hosted by millions of computers, blockchain establishes cryptographically secure, uneditable chains of entries. Initially created to facilitate transactions in cryptocurrencies, blockchain seems to have found its natural home...

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Can banks stay ahead in high-stakes tech challenge?

Can banks stay ahead in high-stakes tech challenge? The traditional centres of the financial industry, the City of London and Wall Street, are feeling the tremors of the Fintech revolution, and how they respond in the immediate future will dictate their involvement in financial services over the coming decades. Banks are renowned for their conservative approach, which has been particularly important in the wake of the 2008 financial crisis. Now, however, they face very different challenges from fintech start-ups and...

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Blockchain: boon or threat to the financial industry?

Blockchain: boon or threat to the financial industry? Veterans of blockchain conferences have noticed a big change over the past year, as one organiser put it: the suits are replacing the ripped jeans and hoodies. For organisations still getting used to cloud storage, the prospect of the hurricane of change threatened by blockchain is worrying many in the financial sector. Although blockchain technology is also being linked to other industries, such as transport, logistics and construction, the emergence of bitcoin...

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