5 Reasons Why Blockchain is a Financial Services Game Changer
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Blockchain is seen as a transformative force in financial services, with 91% of finance executives deeming it critical for the future of their firms. It is projected to provide $20 billion in cost savings and is a key factor in future growth tied to digital investments. Despite uncertainties, the consensus is that the industry can no longer afford to wait on blockchain adoption.
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5 Reasons Why Blockchain is a Financial Services Game Changer
- 1. cognizant.com/banking Reasons Why Blockchain is a Financial Services Game Changer 5
- 2. cognizant.com/banking 91%91% Finance execs who say blockchain is critical to their firm’s future Be digital — don’t just do digital.Be digital — don’t just do digital. Source: Building Blockchain One Block at a Time
- 3. Source: Building Blockchain One Block at a Time Be digital — don’t just do digital.Be digital — don’t just do digital. cognizant.com/banking Finance execs who say blockchain will transform the industry 48%48%
- 4. Source: Building Blockchain One Block at a Time cognizant.com/banking Cost-savings blockchain will provide for the banking industry Putting digital to work.Putting digital to work. $20B$20B
- 5. Source: Digitizing Financial Services cognizant.com/banking Finance execs who attribute future growth to CX-focused digital investments Smart digital investments lead to smart ROI.Smart digital investments lead to smart ROI. 25%25%
- 6. cognizant.com/banking Top tech offerings in financial services 66 1. Big data 2. Mobile apps 3. Advanced mobile apps 4. APIs 5. AI 6. Machine learning Source: Digitizing Financial Services
- 7. Even as blockchain is poised to disrupt the financial services industry, there is substantial uncertainty surrounding it. But research say waiting is no longer an option. Read on.