Banks are the pillars of the financial system. Yet it has also been said that banks are archaic institutions and no longer wield any loyalty of respect from their clients.
In order to comply with KYC, banks and other financial institutions must dedicate a huge amount of resources. n this case, creation of a client identification system based on the distributed ledger technology appears to be highly relevant.
Banks are the pillars of the financial system. Yet it has also been said that banks are archaic institutions and no longer wield any loyalty of respect from their clients.
Banking systems around the world are eyeballing blockchain technologies as a potential panacea for the many issues that have been plaguing the industry.