Blockchain could put the squeeze on fee-heavy Canadian banks, Moody’s warns
Geoff Zochodne Blockchain could one day take a bite out of the fees and commissions charged by the Big Six over cross-border transactions Blockchain technology could someday take a bite out of the fees and commissions charged by Canadian banks, Moody’s Investors Service warned Monday in a report. The rating agency’s report looked at two specific areas that could be affected by blockchain: cross-border transactions and fee income. Moody’s found that the distributed ledger technology has the potential to cut down on the time and money connected to cross-border banking transactions, but that it also raises risks for some...
Geoff Zochodne Blockchain could one day take a bite out of the fees and commissions charged by the Big Six over cross-border transactions Blockchain technology could someday take a bite out of the fees and commissions charged by Canadian...
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