Old John Cryan had some code, AI, AI, Oh! - Chris Skinner's blog

There are two big tech topics in banking these days, namely Artificial Intelligence (AI) and Blockchain. These two tech titans are changing the back office of banks into intelligent shared structures that will be mind-blowing a decade from now. I've written a lot about Blockchain, and feel that it's a slow-burn as it needs an awful lot of agreements before it will come to fruition. A bit like Brexit, Blockchain has too many counterparties involved in agreeing how it will happen, which is why it will not be until the next decade that we really start to see this technology transform clearing and settlement. Short-term, sure, Blockchain technologies or, rather, Distributed Ledger Technologies (DLT) will have an impact in bilateral arrangements but that will be piecemeal compared to the transformation that will come when it can replace paper-based identities with digital ones.