CFO reported that banks are increasing their use of blockchain technology, in part, because it enables them to more efficiency manage foreign exchange transactions.
According to CFO, the Association for Financial Professionals January 2018 survey reported that 77% of the respondents were evaluating the use of blockchain technology and 23% were already using it. In last year’s survey, 51% of the respondents said that they had no plans to implement the technology.
JPMorgan Chase, Barclays and Bank of America Merrill Lynch have all made sizable investments toward blockchain technology, according to CFO.
Banks have been growing in prominence in the equipment finance and leasing industry. At this point, they are far and away the most dominant segment of the market, as evidenced by the data in the Monitor 100 and the Bank... read more
The lease product meshes well with commercial banks as it can provide financing for assets existing customers use in their business and point of sale financing for products these customers sell. To finance the equipment customers use in their business,... read more