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Back Office 2.0 using Blockchain promises Business Process Elimination (BPE).

Authors :
Lunn, Bernard
Source :
Daily Fintech; 4/21/2021, p1-2, 2p
Publication Year :
2021

Abstract

The article focuses on the significance of the introduction of blockchain which promotes business process elimination in the banking industry in 2016. It recalls the effect of the introduction of core banking systems in the 1970s. Also described is the possible impact of the introduction of concurrent delivery versus payment (CDVP). The innovation is expected to affect almost every asset class and the insurance claims process.

Details

Language :
English
Database :
Complementary Index
Journal :
Daily Fintech
Publication Type :
Report
Accession number :
151516252