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Fintech

Fintech

Digitalization resource recurso fintech digital

When the subject of blockchain is addressed, it is usually to hail it as a technology that will overhaul entire industries. “It is a revolution because blockchains can record identities, financial transactions and all kinds of legal operations”, says tech guru Chris Skinner. Nonetheless, the technology and its applications are still subject to study, and remain in a very nascent stage, particularly in the banking sector where regulators are charged with coordinating and guaranteeing industry stability.

The relentless transformation we are seeing in banking is, essentially, the result of four novel applications of technology: big data, artificial intelligence, cloud services and blockchain. Here we take a look at their impact over the past twelve months and how they can evolve.

Spain’s small and medium sized enterprises still have a long way ahead to adapt to the digital economy.  The good news is that, in general, it is easier for them to tackle the huge cultural shift that digitization brings than for larger businesses.