Bain Study: If Implemented Right, Blockchain Will Dramatically Reduce Costs For Banks

Bain Study: If Implemented Right, Blockchain Will Dramatically Reduce Costs For Banks

Bain Study: If Implemented Right, Blockchain Will Dramatically Reduce Costs For Banks
Bain Study: If Implemented Right, Blockchain Will Dramatically Reduce Costs For Banks

Blockchain technology has the potential to revolutionize transaction banking according to a study by major global management consultancy firm Bain & Company, Cointelegraph auf Deutsch reports today, June 14.

According to Bain, “transaction banking revenues tend to be less volatile than other types of banking revenues, and bankers can cross-sell products, which is critical for client loyalty.” Bain concludes in its study that this particular area of banking will change substantially in the future through the use of Distributed Ledger Technologies (DLT), like blockchain:

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Published at Thu, 14 Jun 2018 22:42:36 +0000

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