Gartner Senior Executive: Blockchain is Being Over-Hyped

The fervent enthusiasm for blockchain technology among the banking and financial industry is a case of the innovation being “over-hyped” according to a senior executive of technology research firm Gartner. As blockchain takes center stage at the annual Swift-organized banking and financial conference Sibos, one technology executive sees the technology being over-hyped, at least in […]

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Accenture Executive: Blockchain’s Immutability Its Own Worst Enemy

The blockchain’s immutability, one of its greatest strengths, could also prove to be one if its greatest limitations, given the need to reverse certain activities in financial services, argues Richard Lumb, an Accenture executive, writing in The New York Times. Lumb noted the bitcoin blockchain’s immutable record clashes with evolving privacy laws, such as newly-proposed […]

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Bank of Russia Executive: 50% of Today’s Banking Industry Shuts Down in 10 Years

The Russian central bank’s director of Fintech, Projects and Process Management has opined that half of the banks’ branches and jobs in existence today will be obsolete in 10 years. The Fintech revolution is poised to deal a comprehensive blow to the current banking sector, according to Vadim Kaluhov, director of the Financial Technology, Projects […]

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