D+H outlines key considerations blockchain technology must achieve to fully capitalize on its potential to revolutionize payments
NEW YORK, Feb. 8, 2016 /PRNewswire/ - DH Corporation ("D+H") (TSX:DH), a leading provider of technology solutions to financial institutions globally, today released a white paper showcasing five things that the banking industry must get right with regard to blockchain in order for it to transform the payments landscape.
To receive your copy of Five Things Blockchain Must Get Right to Realize its Full and Transformative Potential, please go to: http://www.dh.com/expertise/white-papers/download?from=19626.
Many banks have realized the potential for blockchain technology to modernize their infrastructure and processes, and are now developing and testing capabilities. This points to growing confidence that blockchain technologies will transform how financial services—and particularly payments—are conducted and delivered. D+H is encouraged by the potential positive impacts of blockchain on the payments industry, but cautions that banks must be careful to address five key points in order for blockchain to fully realize its potential. Key considerations outlined in the paper include finding and addressing the right problem, and retaining the transformative potential of this technology (especially in light of any new regulations that may be introduced).
"If the past year was an era of experimentation and innovation for banks with regard to blockchain, then the year ahead could be the time we see this technology emerge from banks' back rooms to solve real business problems," said Moti Porath, executive vice president, Global Pre-Sales D+H. "However, the technology must get certain things right in order to deliver on its transformative promise."
D+H (TSX: DH) is a leading financial technology provider the world's financial institutions rely on every day to help them grow and succeed. Our lending, payments, integrated core and global transaction banking solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues well in excess of $1 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com.
SOURCE DH Corporation