According to Accenture, blockchain can help investment banks save $ 8 billion a year

Blockchain can bring savings to investment banks, says Accenture

The consulting firm McLagan for the benchmarking of Accenture and Operations evaluates the applications of the distributed ledger technology (DLT) in investment banking in the report “Banking on Blockchain”.

For the study, Accenture 50 evaluated operating cost metrics from eight of the world’s largest investment banks aggregated by McLagan using a proprietary model. This helped them locate the areas …

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