Blockchain

Autonomous Research Sees 22% Cost Reduction in Financial Services by 2030 through AI, Totaling $1 Trillion

Autonomous Research’s London-based NEXT unit, which focused on FinTech and the future of finance, predicts cost savings of 22% for financial services firms globally by 2030, totaling $1 trillion. The graphs above show a breakdown across banking, investment management and insurance, as well as front-, middle- and back-office. AR calls the outcome of AI applied …

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JP Morgan and Microsoft Announce Strategic Blockchain Partnership

JP Morgan and Microsoft this week announced a strategic partnership to accelerate the adoption of enterprise blockchain. JP Morgan’s Quorum, an enterprise-focused version of Ethereum, will be the first distributed ledger platform available through Microsoft’s Azure Blockchain service, so their customers can build and scale blockchain networks in the cloud. Based on Ethereum, Quorum is …

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