THELOGICALINDIAN - Recently the Italian government was affected to bailout 2 above banks for 194 billion in one of its wealthiest regionsRoberto Ferrari Chief Digital and Innovation Officer at Italys Mediobanca Group believes that blockchain and fintech could accept prevented this issue
Two above Italian banks, the Banca Popolare di Vicenza and Veneto Banca were afresh rescued by the Italian government. The European Commission accustomed the plan of the Italian government, to accomplish as abundant as $19.4 billion into liquidating the two banks. Prime Minister Paolo Gentiloni said afterward about the bail-out:
The accomplishment plan will assure jobs at the banks, the accumulation of about 2 actor households and the banking interests of 200,000 businesses.
According to experts, the botheration lies aural Italian banking institutions because their methods are acceptable obsolete. Stefano Zamagni is an economics assistant at the University of Bologna and he said afterward about the Italian institutions:
Italian institutions and banks may not be co-operating abundant with fintech companies in adjustment to advance their business structures. Zamagni believes that banks should assignment afterpiece with Fintech and blockchain startups in adjustment to break and anticipate banking issues. The economics assistant acclaimed that there is currently alone one blockchain startup in Italy, Reply.
The Chief Digital and Innovation Officer at Italy’s Mediobanca Group, Roberto Ferrari, acclaimed that AI software could additionally advice Italian banks with their business issues:
What are your thoughts on the use case of blockchain and fintech at banks? Do you anticipate that they could break the banking issues of banks? Let us apperceive in the comments below!
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