Some Wall Street Banks Continue to Believe in Blockchain

There has been a lot of discussion in the last few years about blockchain technology and its potential impact on financial services; some banks like Bank of America and Wells Fargo have dismissed the technology and are not actively pursuing significant projects; other banks are believers and have begun sinking big dollars into long term efforts; American Banker takes a look at the blockchain progress for JPMorgan Chase, State Street, Northern Trust, Fidelity and BNY Mellon; Northern Trust had made advancements on smart contracts, State Street aims to be more efficient, JPMorgan Chase partnered with Microsoft to improve Quorom, BNY Mellon hired a new Blockchain head and Fidelity built a crypto trading desk. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.