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By Marie Tatibouet, CMO of Gate Technology

In the technology driven world that we live in today, the distributed ledger, blockchain, allows digital information to be dispensed in a secure and efficient manner. By allowing digital information to be distributed, but not copied, the technology has created the backbone of a new type of internet for its users.

With the fast developing pace of the blockchain industry and with many sectors now utilising the technology, it is important to address the misunderstanding and confusion of the market that remains. It’s now more important than ever for companies to ensure that customers are not fazed by the myths that circulate the blockchain industry.

Here we take a look at some of the most common myths surrounding blockchain.

Myth #1: Blockchain isn’t secure or trustworthy

One of the main myths related to blockchain is that it isn’t secure or trustworthy, when in fact it is said to be the securest transaction system in the world. Blockchain is a distributed ledger, which means that the elements of the system are stored on a number of different networks and storage for the data is not connected to the same processor. As a result of this, it means that the records cannot be retroactively altered without changing all of the blocks involved. Therefore, this makes it difficult for hackers to change the recorded block without detection.

Myth #2: There is only one…

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Quality Multibanking Solutionsfor Switzerland and Beyond

“Our solutions act as the glue that connects corporates to the financial institutions and payment providers of their choice, using the channels of their choice, regardless of location or messaging format,” says Simon Kaufmann, Head of Client Relations and Marketing at Fides Treasury Services.

Fides is the winner of the Global Banking and Finance Review award for “Best Multibanking Solution Provider 2019 – Switzerland”.  Founded in 1910 as Fides Trust, the Zurich-based company, which is a wholly owned subsidiary of Credit Suisse, has been focused on multibank connectivity and messaging solutions since 1985.

Kaufmann, who leads sales and marketing for Fides, including customer relations and partnerships, came to Fides in 2014 from parent company Credit Suisse. In 2018 he was appointed to the firm’s executive leadership team. We sat down with him to talk about multi-banking, Fides, and the future.

Q: What are the challenges you see Swiss clients facing with regards to multi-banking? 

While Fides is based in Zurich, we have clients around the globe. What we see with our Swiss clients is fairly typical: corporations that need to streamline their connectivity to four or more banks to save time and effort, increase security and be confident in their cash…

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