Nearly every global bank is experimenting with blockchain technology as they try to unleash the cost savings and operational efficiencies it promises to deliver.
On the final day in his insurance job last week after 14 years in the sector, Donnie wore a T-shirt emblazoned with a rocket logo, the symbol for bitcoin, and the slogan “to the moon”.
Financial services as we know them are changing as new technologies enter and disrupt the market, promising consumers and businesses more efficient, exciting, and cost-effective ways to handle their finances.
Financial inclusion ventures have been growing. Whether it is providing IDs, providing land registries, access to deposit services, cross-border payments and micro-payments, or credit.
Antoinette Schoar, an economist and professor of finance at MIT Sloan School of Management, discusses how artificial intelligence and big data are impacting the structure of the financial industry. She speaks with Bloomberg's Mike McKee at the Federal Reserve's annual business symposium in Jackson Hole, Wyoming.