Mark Williamson, chief operating officer of FX cash trading and risk management, said the bank’s blockchain system helped them to save 25 percent in forex trading; “We’re able to demonstrate that this is not a one-off proof of concept or just one or two trades,” Williamson said as reported by CoinDesk; the bank settled more than $250bn worth of transactions in the last month alone; the company has been testing blockchain since 2015 and recently joined a Utility Settlement Coin (USC) project for interbank transactions. Source.
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.