ICO Radio

Banks v fintechs – the Blockchain battle of the brands All financial services companies will tell you they’re technology companies now. Today’s guest is Charlie Kerrigan, Banking Partner at CMS Law, who explains that this new ecosystem of Blockchain, ICOs and cryptocurrency is really capital raising by new routes. And everyone’s interested in using Blockchain technology to provide efficient, speedier payment services. He says that most banks in the market today already have relationships with smaller fintech businesses, in a competitive, but symbiotic, market. For their part, the banks see their own value in their customer relationships; but they can also see that as things change quickly, it may not be possible for them to innovate organically - especially given the challenges inherent in their legacy systems. Which is why banks want relationships with maturing fintech companies - and for the fintechs, the banks present as large customers. There is a point, however, where symbiosis yields to competition - an