Banking and finance have been moving painfully slowly on when it comes to embracing crypto- and blockchain-based solutions, even as some major players in the financial sector have openly launched blockchain projects. Regulation, of course, plays a strong part in keeping a slow and steady pace, but even that is changing. PayPal and others have made moves to circumvent banks by enabling users to pay securely with cryptocurrency. At the same time, we’ve seen major policy shifts and regulatory statements from leading financial authorities and institutions globally. Morgan Stanley, for instance, became the first bank to offer access to crypto funds. What does this all mean for the future of banking, as traditional banks and other financial institutions seek to delivering enhanced digital customer experiences, while maintaining a focus on security and privacy? This session will look at the impact of blockchain on the banking industry, what banking will look like five and ten years down the road, and what it means for customers, both retail and commercial.
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