Bitcoin’s blockchain is being hailed as revolutionary. But will the likes of UBS, ING and Nasdaq, who are exploring the potential of the technology, be able to overcome the challenges that remain, not least security and regulatory issues?
As Dubai has grown, so has its role in the global transaction services industry, with the emirate now serving as the nerve centre of all trade taking place across the Middle East and north Africa. And as Dubai sets out its stall to become the next renminbi hub, this role only looks set to grow.
Ahead of Sibos 2013, chief executive of the Society for Worldwide Interbank Financial Telecommunication (Swift) Gottfried Leibbrandt talks exclusively to The Banker about the challenges and opportunities in a global market that is continually evolving with new regulations, technologies and infrastructures.