Banks and Crypto: What Will Happen to the Banks?
How will crypto and the Blockchain impact banks, what will happen to the banks in the future, will cryptocurrency replace banks? Let’s find out! Many
Digital Banking
Digital Banking refers to banking, which offers services in digital form only.
Traditional banking is labor intense – there are relationship managers, who speak with the clients. There are operations departments, which execute manually the client orders and so on. Banks are usually silo-structured organized. The processing within the silos and between the silos was usually manual.
In the case of Digital Banking the interactions and processings are digital:
- Client orders are received in digital form
- Orders execution is in digital form
- Amount of manual processing is limited and reserved for the exceptions processing
A 100% digital servicing is difficult to achieve because there are always some receptions, which require manual analysis (let’s think here on special KYC or AML validations). However, when banks limit their service offerings to the high volume and standardized services, then 100% of digital banking is achievable.
The next level is DeFi – Decentral Finance – banking. DeFi focuses on high volume standardized services and has a 100% digitalization ratio.
Blockchain Technology in Banking: Everything You Need to Know
Blockchain technology in banking will bring changes to client value networks. This article focuses on the following: How does Blockchain affect financial services? New alternative
SmartCredit.io Newsletter No. 2
SmartCredit.io newsletter has a simple mission: “The Bitcoin whitepaper defined the base money for the Internet. SmartCredit.io defines the credit-money for the Internet.” In the
Combining the Traditional Banking with Crypto Finance
The traditional banking business is based on fiat currencies. Conversely, a diverse range of cryptographically secured digital coins underlie the cryptoasset industry.
Lecture – FHNW Basel, Blockchain Use Cases in Banking
On the 29th of March, I was giving a lecture about Blockchain Use Cases in Finance at the University of Applied Sciences in Basel. Blockchain
Blockchain Book Presentation – Blockchain Technology. Introduction.
business value and what business models for blockchain bsuiness
Panel Discussion at Hyperledger Meetup in Zurich
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Bitcoin and Digital Banking 2.0
Bitcoin and Digital Banking – can these fit together? Digital Banking is on everyone’s mind — it’s about automating end-to-end banking processes and offering a
