Financial services have often been referred to as behind the curve when it comes to innovation, particularly due to the level of regulation the industry is under. As a result manual, paper-based, time-consuming processes are still commonplace, which becomes all the more complex when dealing with multiple entities inside or outside the enterprise.
The process requires constant verification and scrubbing of data to mitigate risk, causing increased friction in the operational flow. Yet businesses recognize this is unsustainable and are turning to ways data can be shared across companies while ensuring privacy surrounding permissioned data.
In response, enterprises are turning to blockchain to add that all-important trust layer to their counter-party relationship. By applying blockchain, organizations are able to eliminate many of the operational back-office processes and increase agility.
Join IBM Blockchain and a select group of industry experts to discuss how to improve multi-party transactions with trust to drive better outcomes.