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Blockchain is already disrupting several industries, with opportunities for radical improvement of existing business models. But still banks and financial institutions are the ones likely to realize the highest benefits of adopting Blockchain.
As trade finance is getting a lot of attention, in this video we will see how in a single letter of credit transaction Blockchain can introduce significant improvements to a lot of banking activities in addition to trade finance:
• KYC and AML
• Regulatory compliance
• Syndicated lending
• Payment settlement
• And Nostro Reconciliation
Which Banks Use Blockchain, Blockchain for Banking.
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