23 Feb 2022

Why are smart contracts the smart choice for financial services?

In an age of rapid digitalisation, accelerated by the COVID-19 outbreak in 2020, “smart contracts” are seen by many as a building block in the development of a more efficient and more automated financial services sector. In this series, we will look at the use cases of smart contracts in

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22 Feb 2022

DeFi explained: What is decentralised finance and could it be a death sentence for banks?

DeFi, short for decentralized finance, is another buzzword that has entered our lexicon, joining the likes of Bitcoin, cryptocurrency, NFTs, blockchain and the metaverse. So, what is it? Today, most of the financial transactions in the economy are digital. We’re still using banknotes and coins on occasions but it’s marginal. It’s a

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08 Feb 2022

Artificial Intelligence Aids Consumer Lending, but With Risks

Artificial intelligence (AI) and machine learning (ML) are increasingly deployed in credit and risk functions at financial institutions, enabled by greater data availability and affordable computing capacity, Fitch Ratings says. AI/ML can improve operational efficiency and analytical outcomes but carries risks of ‘black box’ decision-making and data, as well as

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