How blockchain is modernizing the financial services industry

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5 minute read 10 Oct 2018
By

Barak Ravid

EY-Parthenon Global Technology, Media and Telecommunications Co-Head

Energized by all things at the intersection of technology and strategy. Passionate about the strength of diverse and inclusive teams. Love sailing, soccer and snowboarding. Father of three girls.

5 minute read 10 Oct 2018

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As blockchain changes the financial services landscape, are you ready to create new opportunities?

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.

Summary

Blockchain can and will play a major role in helping financial services companies successfully complete their digital transformation.  

About this article

By

Barak Ravid

EY-Parthenon Global Technology, Media and Telecommunications Co-Head

Energized by all things at the intersection of technology and strategy. Passionate about the strength of diverse and inclusive teams. Love sailing, soccer and snowboarding. Father of three girls.