FinTech 2.0 Blockchain and COMIT | @CloudEXPO @BrillioGlobal @CDamodaran #Cloud #CIO #FinTech #Blockchain #SmartCities

FinTech is a disruptive innovation that denotes the adoption of technologies that have changed how traditional financial services work. While FinTech is now embedded deeply into the financial services ecosystem, the rise of digital age has paved way to FinTech 2.0 - which is rolling out innovative solutions through emerging technologies at a disruptive pace while maintaining the tenets of security and compliances. Blockchain as a technology has started seeing pilot adoption in FinTech around trade settlements, fraud detection and would need to sort out few of the technology challenges primarily around transaction time, interoperability with existing systems before being fully adopted into mainstream systems. While private blockchain adoption by Banks have taken shape, the challenge of real time transaction settlement, preventing double spend attacks need to be addressed.

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