5
BLOCKCHAIN AND DIGITAL ASSETS
Blockchain stores information on distributed ledgers, which
could create new efficiencies for custody and clearing. Because
of its nature, careful legal structuring is needed to ensure that it
meets the needs of financial institutions before they can adopt
and apply this technology to their businesses.
ACCELERATORS AND INNOVATION LABS
Accelerators and innovation labs are providing financial
institutions with exposure to new concepts and technology
like never before. This allows financial institutions to remain
competitive and be regarded as market leaders.
OLD LENDING VS NEW LENDING
As new innovation is created with systems like P2P lending,
crowdfunding and crowdsourcing, financial institutions need to
determine their strategy for this new technology. Will financial
institutions target new customers, target other financial
institutions or buy established platforms?
