Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > BLOCKCHAIN SET TO TRANSFORM THE FINANCIAL SERVICES MARKET

BLOCKCHAIN SET TO TRANSFORM THE FINANCIAL SERVICES MARKET

Published by Gbaf News

Posted on September 28, 2016

5 min read

Last updated: January 22, 2026

Elon Musk's influence on US finance probes amid regulatory chaos - Global Banking & Finance Review — Featured image depicting Elon Musk's growing influence over financial probes as U.S. investigations into his business practices intensify. This image highlights the intersection of finance and regulatory challenges Musk faces.

Report from Infosys Consulting and HHL Leipzig Graduate School of Management highlights disruption created by blockchain pilot projects

Infosys Consulting, in partnership with HHL Leipzig Graduate School of Management, has today published its latest white paper, Blockchain Technology and the Financial Services Market: State-of-the-art Analysis.

An increasing number of banks are realizing the urgency of the blockchain technology and are exploring ways of using it. Drawing from a broad range of statements from experts from both Infosys Consulting and institutions from various sectors of the industry, the new white paper provides a high-level business-case viewpoint on the potentials and limitations of the blockchain technology for various areas of the financial services industry. Key findings include:

Blockchain may decrease costs, increase security, transparency and efficiency in various financial markets. Most promising use cases were identiifed in cross-border payment transactions, trade finance and in the Over the Counter (OTC) market
Trusted third parties and clearing houses could face strong competition due to the advantages of distributed ledgers over existing centralised ones
Despite a lack of regulation, blockchain will become widespread in financial services in the next 5-10 years with 47 per cent of financial institutions evaluating it
Collaboration between banks and the fintech sector is essential for improving and popularising blockchain

Quotes:

Jun.-Prof.Dr.Vivek K. Velamur, HHL’s Schumpeter Junior Professor for Entrepreneurship and Technology Transfer:

“Blockchain can reduce the cost, increase the speed, and improve the security of transactions in many industries and contexts. For example, it is being used to authenticate the source of minerals by tracking diamonds from mines to jewellery stores. Another project in Sweden is looking at how blockchain can be used to reduce errors and improve security of the land-title registry. We are only just beginning to explore the potential of blockchain. It is not surprising that many believe it may be the most important IT invention of the century.”

Dr. Eric Günter’ Krause, Partner, Infosys Consulting:

“The research shows that the financial services industry has woken up to the value and importance of blockchain. We are certain that the pace of blockchain development will only grow in the near future. However, going forward it is vital that banks, businesses and regulators work together to evaluate and properly integrate the technology in the regulatory frameworks. Only then can blockchain achieve its maximum spread and capability.”

Methodology:

The whitepaper research was based on outreach to 81 experts in the banking and fintech sectors. In total, 33 interviews were conducted with experts from the banking and fintech industries.

For more information and to download the report, please visit SlideShare here, or click here for the full report.

Report from Infosys Consulting and HHL Leipzig Graduate School of Management highlights disruption created by blockchain pilot projects

Infosys Consulting, in partnership with HHL Leipzig Graduate School of Management, has today published its latest white paper, Blockchain Technology and the Financial Services Market: State-of-the-art Analysis.

An increasing number of banks are realizing the urgency of the blockchain technology and are exploring ways of using it. Drawing from a broad range of statements from experts from both Infosys Consulting and institutions from various sectors of the industry, the new white paper provides a high-level business-case viewpoint on the potentials and limitations of the blockchain technology for various areas of the financial services industry. Key findings include:

Blockchain may decrease costs, increase security, transparency and efficiency in various financial markets. Most promising use cases were identiifed in cross-border payment transactions, trade finance and in the Over the Counter (OTC) market
Trusted third parties and clearing houses could face strong competition due to the advantages of distributed ledgers over existing centralised ones
Despite a lack of regulation, blockchain will become widespread in financial services in the next 5-10 years with 47 per cent of financial institutions evaluating it
Collaboration between banks and the fintech sector is essential for improving and popularising blockchain

Quotes:

Jun.-Prof.Dr.Vivek K. Velamur, HHL’s Schumpeter Junior Professor for Entrepreneurship and Technology Transfer:

“Blockchain can reduce the cost, increase the speed, and improve the security of transactions in many industries and contexts. For example, it is being used to authenticate the source of minerals by tracking diamonds from mines to jewellery stores. Another project in Sweden is looking at how blockchain can be used to reduce errors and improve security of the land-title registry. We are only just beginning to explore the potential of blockchain. It is not surprising that many believe it may be the most important IT invention of the century.”

Dr. Eric Günter’ Krause, Partner, Infosys Consulting:

“The research shows that the financial services industry has woken up to the value and importance of blockchain. We are certain that the pace of blockchain development will only grow in the near future. However, going forward it is vital that banks, businesses and regulators work together to evaluate and properly integrate the technology in the regulatory frameworks. Only then can blockchain achieve its maximum spread and capability.”

Methodology:

The whitepaper research was based on outreach to 81 experts in the banking and fintech sectors. In total, 33 interviews were conducted with experts from the banking and fintech industries.

For more information and to download the report, please visit SlideShare here, or click here for the full report.