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The five major use cases for financial blockchains - where's the catch?

There is a good article by Chris Skinner is Chair of the European networking forum on the big five developments in blockchain use cases in finance today:

  • Smart Contracts
  • Smart Assets
  • Clearing and Settlement
  • Payments
  • Digital Identity

As the uses cases for the Block-chain technology is maturing, will necessary support functions be available? 

The emergence of identity hubs supporting assurance will lower the barrier to entry for block-chain companies. The battle to on-boarding, assuring the identity, has begun. The Signicat white-paper - the battle to on-boarding - provides some hints on the hurdles and possibilities ahead.

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Ämnen

  • Data, Telekom, IT

Relaterat innehåll

The battle to on-board

40% of consumers abandon the on-boarding process. Find out how financial institutions can prevent turning consumers away at the final hurdle. Download your free white-paper to find out more.

Blockchain: identity revolution or evolution?

“Bitcoin” and “the blockchain” are often seen as synonymous. But while Bitcoin has given us new meanings to money and mediums of exchange, it is the underlying technology, the blockchain, that may be one of the most important inventions of our time.

What The Heck Is Wrong With Online Account Opening?

Consumers experience a simple, efficient signup process in every other facet of their daily lives. But the extra effort needed when trying to buy financial products online leaves many unhappy.

Money 20/20 - the battle to on-board

In order to understand consumers attitudes to current on-boarding processes, Signicat surveyed 2,000 bank account holders and analysed their responses in a report entitled “The Battle to On-Board”; the on-boarding process led to many potential customers abandoning their applications, either because it took too long (39%) or because too much personal information was required (34%).

Signicat in the news - research on bank on-boarding

The Signicat hit the Financial IT May Issue during Money 20/20 in Copenhagen. Signicat main focus at the event was launching our research on bank on-boarding – financial services are increasingly digital but on-boarding in many parts of Europe is still an analogue process.

First MyBank Identity Verification Pilot showcased at EBAday

Today at EBAday in Milan, two participants in the MyBank Identity Verification Pilot showcased how a consumer can digitally agree to a contract using an authentication service provided by their bank. The transaction was completed between Signicat, a European digital identity service provider, and CWBI, the main gateway for a number of financial institutions participating in MyBank.

Signicat - using block-chain for identity assurance

Crystal ball presentation about using block-chain for identity assurance, held by John Erik Setsaas, Signicat, at the EEMA conference 2016-05-17. Will block-chain play a role - what's the current view?

UK banks losing 40% of applicants during on-boarding

UK banks losing 40% of applicants during on-boarding. Find out how financial institutions can prevent turning consumers away at the final hurdle. Signicat white-paper on the battle to on-board is available on https://www.signicat.com/eid/whitepaper-the-battle-to-on-board/

Customers Unsatisfied With Current Banking On-Boarding Processes

Consumers are unsatisfied with current banking on-boarding processes, which they claim are frustrating and time consuming. Banks need to listen to consumer demands and become truly digital to resist the competition and increase revenues and user base, according to a new report by Signicat.

UK banks lose 40% of customers to lengthily on-boarding processes

UK banks are losing around 40% of their applicants due to lengthily and tedious on-boarding processes. That’s according to research from Signicat, published in its report “the Battle to On-Board”, the white-paper is available on https://www.signicat.com/eid/whitepaper-the-battle-to-on-board/.

Relaterade event

Digital on-boarding - free webinar

Tid 22 Juni 2016 15:00 – 16:00

Plats https://www.signicat.com/events/webinar-on-boarding/