Since last few years more and more mainstream businesses are claiming that they are technology companies. This is all in the light how technology is playing a pivotal role in the business transformation and providing new business opportunities. Banks such as JP Morgan and Goldman Sachs are no exception. Most of the banks across the board are overhauling their legacy platform and trying to leverage the potential of new technologies such as Artificial Intelligence and blockchain technology. Big investment budgets and strategies are being put in place for transformation. Goldman Sachs is eyeing blockchain technology for its loans settlement use case and artificial Intelligence of compliance function.
(Read article here: https://www.ft.com/content/0a21bd57-4e8b-4e3c-bb37-117a47d69b0a)