Head of core cash management, Asia Pacific, Citi
DLT is one of several tech initiatives in custody and fund services, says Asia head C.P. Yap.
Major blockchain initiatives prove the technology offers privacy and scalability, but banks waiting to see which models prevail.
State Street’s Pinar Emirdag says the bank consortium behind USC wants to create DLT-based infrastructure for cash-leg settlements.
Morgan McKenney, a leader in Citi’s internal innovation efforts, says blockchain can improve cross-border payments but is skeptical about its revolutionizing trade finance or correspondent banking.
The trade-finance fintech must convince B2B customers they are safer using blockchain instead of manual processes.
