Tuesday, August 29, 2017

Former Barclays Boss: Banks May Fall Behind in Blockchain Technology Adoption

Former Barclays Boss: Banks May Fall Behind in Blockchain Technology Adoption


Former Barclays CEO Antony Jenkins has claimed that major players in the banking industry could be left behind in the adoption of new financial innovations like Blockchain technology. He claims that banks are generally good innovators, but are not as fast as outsiders in adopting innovations for commercial applications.

According to Jenkins, banks struggle when it comes to transforming their operations and it is the major technology companies and financial technology start-ups that are dominating in said area.

“I think what we see in all industries, especially in financial services, is that incumbents (banks) tend to be quite good at innovation – they throw a lot of resources at that – and then the transformation is much harder for them. If you look at all the interesting work on transformation, it's really going outside the big incumbents. And the incumbents themselves are starting to realize this."


Full story at http://bit.ly/2xtTvve


Source: CoinTelegraph


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Bitcoin you can send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.