[2017-01-05] ET: A year of Digital disruption

A year of Digital disruption

http://cio.economictimes.indiatimes.com/tech-talk/a-year-of-digital-disruption/2059

The FinTech ecosystem has witnessed an influx of disruptors and enablers energised by the accelerated expansion in digital connectivity. The rising customer adoption of new technology, the emergence of digital-first and the expectations of a frictionless transaction has led to banks re-think the role of technology and deliver digital services built around the needs of their customer base. What is happening in banks will get replicated to insurance and healthcare over a period of time.

The other interesting concept is of blockchain which is becoming very prevalent. Blockchain is simply around eliminating data reconciliation issues so that one can have a common repository of data interchange for a consumer in a centralized space. That adoption and readiness for is becoming a critical part and that’s across industries.

For e.g. can pharma companies adopt blockchain for clinical trials so that people who are participating in clinical trials have a common repository and the interchange with them from all pharma companies is consistent? Big example continues from the banking space, more from the payment side etc. transaction side of the processing of the bank.