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The European Banking Authority Reports on Risks that DLT Brings

The European Banking Authority Reports on Risks that DLT Brings

The European Banking Authority (EBA) has published a report on July 3, in which analyzes the benefits and prudential risks that newborn Financial Technologies (FinTech) bring to institutions. In the lengthy introduction, EBA informs that the present report is aimed at raising awareness within the community. EBA lists 7 use cases of FinTech, while in only 2 of them speaks about Distributed Ledger Technology (DLT): smart contracts for trade finance and streamline Customer Due Diligence (CDD) processes. read more