Blockchain is making tomorrow brighter for wealth and asset management operations at banks. The distributed ledger based nature of the blockchain helps in managing identity, control fraud, deliver services and regulate automation. Blockchain is providing a better way forward to manage high quality data labelling, security concerns and intellectual property rights.
In house banks is the new trend for global enterprises and it is evolving to a common financial model. Enterprises have been going towards ASP and SaaS models as the providers for free accounting, tax, payments, banking and other services deployed on the cloud are competing with corporate treasury management systems. On a daily basis, treasury management and cash management is handled by organisation’s treasury staff, controller or comptroller.