BLOCKCHAIN RELEVANCE

IN FIN-TECH SECTOR
Presented by:
 Overview for
Agend today's presentation
plan
a Objective of the project
Significance of the study
Findings from the study
Recommendations and
conclusion.
What is
Blockchain?
Fundamentally a digital ledger system for
recording business transactions and
events.

Objectives Goals

Simplification of the Structured Report.

operation. Real time Transaction Interaction.
monitoring and compliance. Multiple Writers.
Real time settlement. Absence of Trust.
Counter party risk reduction Need for transparency.
and better liquidity
management.
Reduced Fraud.
Platform for future innovation.
 Cross Border Payment

Blockchain
Loyalty in Fin-tech KY
Industry C

Regulatory Reporting
 Significance of Blockchain in
the Fin-tech Sector
0 02 03 04 05
1

Cross KYC Regulator Syndicate Trade

Border Processes y d Finance
Lower Regulatory
Payment Minimal Reporting Loans Costs
No correspondent documentatio Improved Record
banks n Quick re- Lower Regulatory T+0 settlement Keeping
Lower transactions KYC Costs Faster consensus Faster Turnaround
costs No document Increased process time
Payment transfer in forgery transparency Minimal tied up
seconds Improved compliance capital
 Findings from the
Study Blockchain and bitcoin startups have
Cross Border Payment received over $1bn in VC investments and
funding from major banks / financial
firms.

80 percent of respondents said that

they were much more likely to choose a
Customer Loyality bank that offered them rewards for
being a good customer and 89 percent
of Millennial respondents said the
same.

·24 days are required on average to on-

board a new client.. ·Financial institutions
KY spend on average $60m a year on KYC
procedures. Also, An average of 68
C
employees works on KYC operations in FIs.

There are already hundreds of use cases,

ranging from international payments to
securities processing, and major
Regulatory Reporting technology firms are o‑erring a host of
blockchain services aimed at the financial
industry.
 Recommendation
Integrating disparate loyalty
programmed into an
interconnected loyalty network
Its usage in cross-border e-
commerce payment is expected to
play a critical role in ensuring cross-
border e- commerce payment
security.
Financial institutions must assess the
potential costs against the
recognized risks, which include
internal auditor- specific issues such
as Concerns regarding one's
technical ability.
Control Methodology That Isn't
Transferable Internal and external auditing
processes that have controlled best
practices in internal and external audits
can be swapped out for the most part.
Each bank conducted its identification
check in the old KYC system, which
meant that each user was scrutinized by
a different organization or system body.
As a result, verifying each identification
from the beginning is pointless.
To be able to measure the adoption
state, more study is needed to add
time in the adoption model, which
should be assessed in relation to
the DOI model.
 Conclusion
THE BLOCKCHAIN STORY is about to enter a new chapter, one in which executives are asking tougher, more
specific, realistic, and pragmatic questions. These are the kinds of queries that indicate a growing
recognition that the technology is ready for prime time. It's effective. Now leaders must find out how to
make technology work for them, including how to take advantage of emerging disruptors' creativity and
how to connect with the ecosystem.

The future of blockchain in 2019 and beyond appears to be on a clear upward trend. This trip chronicles
the growth and promise of disruptive technologies, presenting early adopters with unprecedented
strategic benefits.

Our study appears to confirm this changing picture of pragmatism and maturing, with more diverse use
cases and applications than last year, across a wider range of industries. Respondents have a more
balanced view of expectations and worries this year than they did last year, indicating a growing
pragmatic sensibility.

Indeed, what appears to be happening in the actual world daily appears to confirm what our study
indicates:
 Thank
you!
Feel free to approach us if you have any
questions.