Bankers predict they will get much better at crunching vast amounts of data to make immediate lending decisions and to provide far more tailored robo-advice to customers. They are also looking for big savings from blockchain, the shared database system that underpins the bitcoin cryptocurrency. Eight of the world’s 10 biggest investment banks are expected to use blockchain to cut 30 per cent of their costs — totalling $8bn-$12bn — according to a study published by Accenture and McLagan on Tuesday.
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