The banking industry has been in turmoil for years due to the rising regulatory requirements and changing customer behaviour. The increasing competition and low-interest environment put further pressure on firms to cut costs and raise productivity, while the importance of constant change and adaptability in company-strategy are growing. Many firms are also stuck with aging technology and processes, and consequentially may be driven out of the market by new disruptive rivals if strategic modifications are not made in a timely manner.
In this article, we look at strategic considerations of Distributed Ledger Technology (DLT) -based securities processing and its many benefits.
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