Apac
  • Home
  • CXO Insights
  • CIO Speaks
  • Partner Conferences
  • Newsletter
  • Subscribe
  • News
  • About us
Apac
  • Agile

    Artificial Intelligence

    Augmented Reality

    Big Data

    Blockchain

    Cloud

    Cyber Security

    DevOps

    Digital Technology

    Enterprise Security

    HPC

    Internet of Things

    IT Services

    Mobility

    Networking

    Open Source

    POS

    QA and Testing

    Robotics

    SaaS Solutions

    Security

    Simulation

    Smart City

    Startup

    Storage

    Unified Communication

    Virtualization

    Web Development

    Wireless

  • Automotive

    Aviation and Aerospace

    Banking

    Compliance

    Construction

    Contact Center

    E-Commerce

    Education

    Energy

    Engineering

    Field Service

    FinTech

    Gov and Public

    Healthcare

    Insurance

    Legal

    Logistics

    Manufacturing

    Media and Entertainment

    Metals and Mining

    Pharma and Life Science

    Retail

    Sports

    Telecom

    Travel and Hospitality

    Utilities

  • Amazon

    CISCO

    Dynamics 365

    Google

    HP

    IBM

    Intel

    Microsoft

    Microsoft Azure

    Oracle

    Red Hat

    Salesforce

    SAP

    Share Point

    VMware

  • Business Intelligence

    Business Process Management

    CEM

    Cognitive

    Collaboration

    Corporate Finance

    CRM

    Data Center

    Disaster Recovery

    Document Management Systems

    Enterprise Architecture

    Enterprise Asset Management

    Enterprise Performance Management

    ERP

    Fleet Management

    Gamification

    Geographical Information System

    HR Technology

    IT Service Management

    Managed Services

    Payments

    PLM

    Procurement

    Project Management

    Risk Management

    Sales and Marketing

    Workflow

Menu
    • Amazon
    • Banking
    • Blockchain
    • CISCO
    • Cognitive
    • Compliance
    • Contact Center
    • Cyber Security
    • DevOps
    • E-Commerce
    • Field Service
    • Gov and Public
    • Healthcare
    • HR Technology
    • IoT
    • Managed Services
    • Manufacturing
    • Metals and Mining
    • Microsoft
    • Oracle
    • Pharma and Life Science
    • Retail
    More
    DevOps E-Commerce Field Service Gov and Public Healthcare HR Technology IoT Managed Services Manufacturing Metals and Mining Microsoft Oracle Pharma and Life Science Retail
    ×

    Subscribe to our Newsletter

    news
    news

    Join our mailing list for the latest articles, news, and exclusive insights from prominent technology leaders

    loading
    SUBSCRIBE

    Thank You for subscribing with us. We sent you an email regarding this.

    news

    • Home
    • News
    • FinTech
    Editor's Pick (1 - 4 of 8)
    left
    IT Service Delivery Models Evolving with Business

    Todd Larson, CIO, Sentinel Benefits & Financial Group

    Managing Digital Transformation by IT and Security Teams

    Elena Kvochko, CIO-Group Security Function, Barclays

    Moving towards Banking and Fintech Partnership

    Peter Clark, Regional CIO, Standard Chartered Bank Technology and Operations, Hong Kong

    Technology and Business Conscience Collision

    Winston Benedict, CIO, Dentsu Aegis Network ANZ

    eMortgage, The Next Big Thing is Already Here: Make it Bigger

    Nafees Ahmed, CIO, Indiabulls

    Current Technology Issues/Trends

    Tim Thurman, CIO, Australian Securities Exchange (ASX)

    E-Mortgage, The Next Big Thing is already here: Make it Bigger

    Nafees Ahmed, CIO, Indiabulls

    Why Fintech Needs a Human Core

    Tim Schaefer, EVP - Client and Digital Experience, Northwestern Mutual

    right

    SWIFT and Accenture Plans to Leverage Distributed Ledger Technology within Financial Sector

    By apacciooutlook | Monday, December 03, 2018

    Tweet
    content-image

    HONG KONG, CN: SWIFT in association with Accenture unveils a new paper investigating on the applications of Distributed Ledger Technology (DLTs) in financial services.  The paper offers an in-depth analysis of opportunities and challenges faced in leveraging DLT across financial sector.

    The study is a blueprint of what criteria must be met for its own services to include a distributed ledger offering.

    SWIFT and Accenture identified eight critical areas where distributed ledger technology needs to be further improved before it can be adopted on an industry-wide basis. Those areas are governance, data controls, compliance with regulatory requirements, standardization, identity framework, security, reliability and scalability.

    In identifying the gaps, SWIFT also acknowledged the industry'sinterest in building technical and operational platform for DLT based services.

    In outlining the gaps in distributed ledger technology, SWIFT and Accenture also identified its strengths. Distributed ledgers can efficiently keep a full network up-to-date with the latest information; data flow on distributed ledgers is highly traceable; and local access to complete and verified data can ease reconciliation. In addition, participants can trust the authenticity of data on the ledger without involvement of a central body. Transactions are digitally signed, and the ledger's distributed nature makes it highly resilient.

    "Since the emergence of DLTs, the financial services industry has been looking for answers to questions about the potential use of these new technologies," says Fabian Vandenreydt, Head of Securities, Innotribe and the SWIFT Institute, SWIFT. "The technology assessment has given us valuable insights into the necessary requirements for DLTs to succeed in financial services. It provides a clear state-of-play, outlining the different factors the technology needs to address, and the current maturity of DLTs in each of these areas. SWIFT is committed working with its community to identify areas in which the technology can provide the greatest benefits, evolving at a pace that works for each customer."

    Read Also

    Fintech Ameliorations Reshaping The Financial Services Sector

    Fintech Ameliorations Reshaping The Financial Services Sector

    Is Finance Sector Embracing the AI Offerings?

    Is Finance Sector Embracing the AI Offerings?

    How Artificial Intelligence is Influencing Finance Sector

    How Artificial Intelligence is Influencing Finance Sector

    Innovations Disrupting the FinTech Market

    Innovations Disrupting the FinTech Market

    Featured Vendors

    SalesFix

    Jason Lawrence, CEO

    Bentley Systems

    Greg Bentley , CEO

    New Editions

    Copyright © 2019 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/swift-and-accenture-plans-to-leverage-distributed-ledger-technology-within-financial-sector-nwid-1961.html