Legacy and regulation to hold back banks on blockchain for 5-10 years
With many banks caught up with antiquated IT systems and concerned about fintech start-ups, Deutsche Bank analyst Thomas F Dapp's "Blockchain - attack is probably the best form of defence", has been getting a lot of attention. One of its conclusions is that it is not a question of technology in the banks, but a "question of a political will of the regulator", and that the banks need to sort out their legacy problems and infrastructure first, which could take five to ten years. The report can be found in full at the attached webpage.
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