Making way for smart contracts

Blockchain and smart contracts in financial organizations are shifting from curious experiments to pragmatic pilot projects. A few software products, including Ethereum, Digital Assets, Hyperledger, Multichain, Chain, and R3CEV, seem to have garnered larger interest in the banking space. While these are generic, there are more business-specific blockchain-smart contract vendors such as Itbit, Bankchain, Wave, 

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Four trends set to disrupt banking

Until the last financial crises took place, banks were pillars of greatness. They offered the best paying jobs, blue-chip stocks to invest, and occupied landmark buildings in major cities. At the same time though, they also represented poor customer service, high inefficiency and cost of operations, and legacy technology running core systems. Fast forward a 

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Smart contracts: Too blurry to be true?

The herding mentality in finance is a recurring theme. We have seen it take place both during the dot-com boom and the mortgage crisis. Recently, it is fintech startups and the solutions that they develop which have attracted interest. Smart Contracts (SC) are a recent example of a solution that’s beginning to turn heads. One 

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How the blockchain model can be applied to online shopping and e-retailing

Can online shopping be modeled on a Blockchain system? This is probably a question on many a mind. For those who are new to Blockchain – it’s the technology that underpins Bitcoin. In the last 2 years there has been significant market interest in re-using this technology paradigm in other areas. The key features of 

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Modeling the blockchain for business use

As one of the hottest technological developments making the rounds in financial circles, the blockchain has a lot of people hooked. But there is not yet much clarity on how blockchain technology will impact private business, given that it is so unlike traditional IT architectures. Private blockchain applications are amalgams of cryptography, immutable transaction log/ledgers, 

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The mystical blockchain – The bitcoin technology

While Bitcoin technology has been hitting the headlines over the last few years, Blockchain is the essence that underpins it. But what is Blockchain? It’s essentially a ledger which logs transactions between two parties. Yet while most ledgers are kept in banks or accounting departments, Blockchain is a distributed ledger in which copies are kept 

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Top 4 reasons banks should be excited about blockchain

Blockchain (the technology that powers Bitcoin) is a magic box – a mix of innovations and the smart use of available solutions make it revolutionary. It’s not often that a technology paradigm has so many great ideas packaged into a small capsule. There is little wonder why all the top banks and investors are backing 

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Client Lifecycle Management (CLM): Re-imagined! 

Over the last few years we have seen a flurry of activity in the CLM space. Initially the focus was on adhering to new regulations – relooking at policies and modifying processes and systems. With the stabilization of regulatory changes, banks have now started focusing on driving efficiencies, lowering costs and improving experiences. Customers have 

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Digital banking – Ushering in a new era

Digital banking has gone from being a buzzword to an everyday catchphrase in financial circles. Digital banking today means different things to different people; encompassing everything from new ways to transact, peer-2-peer channels, mobile and online banking, and the ability to send money around the world at the click of a button. Digital banking done 

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