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Fully automated identity checks when opening an account? Automatic immobiliser activation in leased cars, if an instalment has not been paid? International bank transfers credited to the recipient’s account within seconds? Sounds like science fiction? Yes, but blockchain has brought us one step closer to this vision.
As banks are continuing to adapt their business models in order to remain competitive in the changing business landscape, a new breed of Chief Financial Officer (CFO) is emerging to play a leading role, says Bertrand Lavayssière, managing partner at international financial management consultancy, zeb.
Bank of England Governor Mark Carney has recently claimed that Fintech could help promote growth and boost stability for the United Kingdom. But with things looking majorly uncertain for the City of London ahead of Brexit, Business Review Europe has decided to evaluate how much merit his comments might have.