Is blockchain changing banking for the good?

Tech Reimagined

"The one thing that blockchain really does, it removes friction from the industry. And when I talk about friction, I'm talking about, there is one version of the truth that exists there. So we don't have reconciliations, which is a huge part of what we do in financial services. We are always reconciling what we know against another party. And now there are other ways of doing that, but blockchain does it in a way which is clean, which is sophisticated. And as Stephan does, it allows us to do it in real time, removing risk.

The thing that I really get excited about blockchain, which I think is the benefit and also one of the drawbacks about it, is the excitement and the ideas that people have about what can be done there. I think it's forcing us to, encouraging us to think in new ways, think about what the things are we could do with technology. I think the drawback about that is a lot of people get over excited about it and run off down rabbit holes around things which don't actually add benefit to what we're doing." - Wynn Davies, EVP, US Finance Sector, Endava

Listen to the full episode here for an in-depth look into how blockchain is influencing the banking industry. Bradley Howard and seasoned experts Stephane Malrait and Wynn Davies take a deep dive into the real and projected benefits of blockchain, what are some of the most exciting DLT implementations and what’s in store for the future of the market. Got questions? We’re curious to hear them: https://www.linkedin.com/company/endava/ [e-mail]