Favour Ojo
@favtee
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Practical Considerations for Banks
The reasons you've outlined – legacy systems, regulatory clarity, confidentiality, and scalability – are compelling. Banks need to balance innovation with the need for stability, security, and compliance.
The Role of Blockchain
While blockchain technology has its advantages, it's clear that it still faces challenges in terms of regulatory clarity, scalability, and confidentiality. ISO 20022 seems to offer a more practical solution for banks looking to modernize their systems.
Future Developments
As blockchain technology continues to evolve, it's possible that we'll see more widespread adoption in the financial sector. However, for now, ISO 20022 appears to be a more feasible option for banks seeking to upgrade their infrastructure. 0 reply
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1 reaction
Practical Considerations for Banks
The reasons you've outlined – legacy systems, regulatory clarity, confidentiality, and scalability – are compelling. Banks need to balance innovation with the need for stability, security, and compliance.
The Role of Blockchain
While blockchain technology has its advantages, it's clear that it still faces challenges in terms of regulatory clarity, scalability, and confidentiality. ISO 20022 seems to offer a more practical solution for banks looking to modernize their systems.
Future Developments
As blockchain technology continues to evolve, it's possible that we'll see more widespread adoption in the financial sector. However, for now, ISO 20022 appears to be a more feasible option for banks seeking to upgrade their infrastructure. 0 reply
0 recast
1 reaction
Practical Considerations for Banks
The reasons you've outlined – legacy systems, regulatory clarity, confidentiality, and scalability – are compelling. Banks need to balance innovation with the need for stability, security, and compliance.
The Role of Blockchain
While blockchain technology has its advantages, it's clear that it still faces challenges in terms of regulatory clarity, scalability, and confidentiality. ISO 20022 seems to offer a more practical solution for banks looking to modernize their systems.
Future Developments
As blockchain technology continues to evolve, it's possible that we'll see more widespread adoption in the financial sector. However, for now, ISO 20022 appears to be a more feasible option for banks seeking to upgrade their infrastructure. 0 reply
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