February 7, 2017
Blockchain technology and the innumerable buzzwords associated with it have been extensively circulated within the financial technology circles globally for well over past two years. The technology, which started gaining traction since late 2014 saw a peak in investments through 2016 with some even predicting the number to reach the $2.5 billion mark. However, because the technology impacts global financial systems at their very foundation, the identification of feasible use-cases and their implementation has been a rather daunting task for the majority of banks and financial institutions. Additionally, there have been uncertainties revolving around transaction speed, data privacy and regulatory repercussions of the blockchain, thereby increasing the number of variables in the blockchain equation.
In order to shed some light on the ground reality of some of the aforementioned variables concerning blockchain initiatives undertaken by financial services incumbents, LTP, in collaboration with Infosys Finacle conducted a survey of more than 100 financial services professionals from over 75 banks and financial institutions, including more than 50 CXOs. We would like to present the findings of this report which attempts to gauge the sentiment of the banking industry of the present and future of this technology.
Key questions answered by the report:
A copy of the full report can be downloaded here.
LTP, in partnership with Infosys Finacle, invites you to a webinar on February 28, 2017. The target audience for the webinar: financial services professionals who seek to deliberate on survey insights with industry leaders and better grasp the ground reality of the global landscape for blockchain technology in banking.