the power of technology: Barclays is ready to roll out a blockchain pilot
hundreds of years of experience in trade finance. They were initially cynical about blockchain, as attempts to centralise and standardise the lading process have failed before. They are now in constructive dialogue with Barclays’ partners at other banks and when the most cynical people in the room start to ‘get it’, you know there’s something there. Blockchain isn’t the only innovation on Barclays’ digital agenda. Last year, it launched its first Barclays Accelerator, a 13-week open innovation programme for technology-focussed start-ups whom it matches with some of the finest fintech minds in the world. There are now three programmes running in the UK and the US with more planned for Cape Town and Tel Aviv.
Summer 2016
It’s also recently announced that, following huge demand from customers, it is now possible to set up a payee through its mobile banking app and it is likely that we will see continuing richness of those features and continuing collaborations with the industry on a wider level. Blockchain is just the start.
www.fintech.finance |
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