14 October 2016 15,079 1 comment
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Gautam Jain, Global Head, Digitisation & Client Access, Transaction banking, Standard Chartered, speaks about how the role of fintech is continuously evolving, and how blockchain can change the industry.
Andrew Miller Managing Director at Net Effect Ltd
15 October 2016
So good to see the word "enabler", a positive thing, rather than "disruptor", generally perceived as negative. In these times where collaboration is almost essential, disruption sets the wrong tone. The purpose of innovation is at least one (or all) of three things: (1) reduce cost of the basics; (2) force basic suppliers up the value chain; (3) enable stuff that's not been possible before. These are only disruptive if incumbents fail to act on these points.
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