Swift Payments CEO Doesn’t See Block Chain Replacing Current ‘Efficient’ Banking Systems
While Swift CEO Gottfried Leibbrandt acknowledges that block chain technology is here to stay, he believes some of the current fintech being spoken about is “hype” and notes that blockchains in the private sphere are more substantial than it getting to replace existing commercial banking systems. Speaking to the Financial Times, international payments network Swift CEO believes there to be an underlying “hype” when it comes fintech and claims that the current financial industry ought to be more worried about the current state of cybersecurity rather than disruptive technology. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) hosts the annual […]
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