Bankex_Decentralized BaaS Model

Bankex_Decentralized BaaS Model Read previous Decentralized BaaS Model According to McKinsey & Co., there are 3 main trends in banking evolution: automation; inflated regulation; inflated pace of technological development. Blockchain permits to automatize completely different processes and banks will get pleasure from it lots. Accounting, legal and risk elements may well be automatic. McKinsey & Co. states that blockchain, supported advanced cryptography, might enable doing such operations within the most effective, safe and clear approach in human history. For international players, adaptation to such trends can become an important issue. increased financial regulation can force participants to use partner BaaS platforms as the adaptation to new jurisdictions independently can become prohibitively expensive. Fast technical school development, that several of the banks can’t handle, can drive banks interest in victimisation different ...