Source: https://fnlondon.com/The world's most powerful industry happens to be the financial services industry; it manages the global financial system by moving trillions of dollars on a daily basis, serves billions of people, and is the backbone for global economy.State-of-the-art technology is advancing rapidly and the industries marginally connected with technology find it very tough to keep up with the change. New buzzwords like FinTech are coming in and becoming hot yet the storm of disruption is still brewing and yet to disrupt. As it turns out, when swiping credit card at a shop, there would be couple of intermediaries through which the money will pass until it finally ends up in the shop's account. The transaction takes just a second to get clear but may take days to settle. Apart from this, there are a myriad of problems that have eclipsed the efficiency of financial services industry. For instance, transferring money cross-border is a long and risky affair. If anything goes wrong by any chance, money vanishes into thin air.


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