The digital transformation is disrupting every sector, including private equity and financial services. This transformation has been driven by a number of key themes: convergence (both from within and outside the industry), the disruption of existing business models and the Internet of Things, which has made vast amounts of data available.
In a recent survey of 600 financial services executives, 60% said they expect M&A to help them with their digital transformation, whether through acquisitions, partnerships or JV.
In this video, Barak Ravid and Nadine Mirchandani of EY talk about how blockchain technology and the Internet of Things are driving disruption in financial services and creating opportunities for both new and established players.
At its core, every transaction requires a fundamental element of trust. By adding that element of trust to digital transactions, blockchain can help you reduce costs, create new opportunities and expand into new markets.