Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
During the presentation, the Australian executives also gained insights into this trend and the use of cryptocurrencies as well as traditional currency to provide instant bank-to-bank payments, a potential application for CommBank to offer its own customers.<\/p>\n\n\n\n Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
The technology on which these payment infrastructures could be based? Blockchain.<\/p>\n\n\n\n During the presentation, the Australian executives also gained insights into this trend and the use of cryptocurrencies as well as traditional currency to provide instant bank-to-bank payments, a potential application for CommBank to offer its own customers.<\/p>\n\n\n\n Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
If there is one defining trait of the digital world, it is immediacy. And customers now expect the same in their banking services. As a result, payment systems around the world are increasingly being revamped to offer real-time payments through multiple channels, including mobile apps and digital wallets.<\/p>\n\n\n\n The technology on which these payment infrastructures could be based? Blockchain.<\/p>\n\n\n\n During the presentation, the Australian executives also gained insights into this trend and the use of cryptocurrencies as well as traditional currency to provide instant bank-to-bank payments, a potential application for CommBank to offer its own customers.<\/p>\n\n\n\n Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
If there is one defining trait of the digital world, it is immediacy. And customers now expect the same in their banking services. As a result, payment systems around the world are increasingly being revamped to offer real-time payments through multiple channels, including mobile apps and digital wallets.<\/p>\n\n\n\n The technology on which these payment infrastructures could be based? Blockchain.<\/p>\n\n\n\n During the presentation, the Australian executives also gained insights into this trend and the use of cryptocurrencies as well as traditional currency to provide instant bank-to-bank payments, a potential application for CommBank to offer its own customers.<\/p>\n\n\n\n Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
However, as CommBank learned during Token's presentation, banking incumbents who develop smart strategies to engage with blockchain may find valuable business models within the technology. Over a Q&A, the executives heard about profitable opportunities with cryptocurrency in foreign exchange and after the presentation were very keen to discuss these opportunities with clients they advise.<\/p>\n\n\n\n If there is one defining trait of the digital world, it is immediacy. And customers now expect the same in their banking services. As a result, payment systems around the world are increasingly being revamped to offer real-time payments through multiple channels, including mobile apps and digital wallets.<\/p>\n\n\n\n The technology on which these payment infrastructures could be based? Blockchain.<\/p>\n\n\n\n During the presentation, the Australian executives also gained insights into this trend and the use of cryptocurrencies as well as traditional currency to provide instant bank-to-bank payments, a potential application for CommBank to offer its own customers.<\/p>\n\n\n\n Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
A report<\/a> by the World Economic Forum has forecast that 10% of global GDP will be stored on blockchain by 2027.<\/p><\/blockquote>\n\n\n\n However, as CommBank learned during Token's presentation, banking incumbents who develop smart strategies to engage with blockchain may find valuable business models within the technology. Over a Q&A, the executives heard about profitable opportunities with cryptocurrency in foreign exchange and after the presentation were very keen to discuss these opportunities with clients they advise.<\/p>\n\n\n\n If there is one defining trait of the digital world, it is immediacy. And customers now expect the same in their banking services. As a result, payment systems around the world are increasingly being revamped to offer real-time payments through multiple channels, including mobile apps and digital wallets.<\/p>\n\n\n\n The technology on which these payment infrastructures could be based? Blockchain.<\/p>\n\n\n\n During the presentation, the Australian executives also gained insights into this trend and the use of cryptocurrencies as well as traditional currency to provide instant bank-to-bank payments, a potential application for CommBank to offer its own customers.<\/p>\n\n\n\n Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
Cryptocurrencies have been described as a money revolution<\/a> and are based on the highly disruptive blockchain technology. Blockchain, by definition, is a decentralized ledger shared across a private or public network and at its core is the absence of third-party intermediaries. With a central premise in such direct opposition to the role of banks, it would seem a major competitor to established financial institutions and the traditional banking ecosystem.<\/p>\n\n\n\n A report<\/a> by the World Economic Forum has forecast that 10% of global GDP will be stored on blockchain by 2027.<\/p><\/blockquote>\n\n\n\n However, as CommBank learned during Token's presentation, banking incumbents who develop smart strategies to engage with blockchain may find valuable business models within the technology. Over a Q&A, the executives heard about profitable opportunities with cryptocurrency in foreign exchange and after the presentation were very keen to discuss these opportunities with clients they advise.<\/p>\n\n\n\n If there is one defining trait of the digital world, it is immediacy. And customers now expect the same in their banking services. As a result, payment systems around the world are increasingly being revamped to offer real-time payments through multiple channels, including mobile apps and digital wallets.<\/p>\n\n\n\n The technology on which these payment infrastructures could be based? Blockchain.<\/p>\n\n\n\n During the presentation, the Australian executives also gained insights into this trend and the use of cryptocurrencies as well as traditional currency to provide instant bank-to-bank payments, a potential application for CommBank to offer its own customers.<\/p>\n\n\n\n Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
Cryptocurrencies have been described as a money revolution<\/a> and are based on the highly disruptive blockchain technology. Blockchain, by definition, is a decentralized ledger shared across a private or public network and at its core is the absence of third-party intermediaries. With a central premise in such direct opposition to the role of banks, it would seem a major competitor to established financial institutions and the traditional banking ecosystem.<\/p>\n\n\n\n A report<\/a> by the World Economic Forum has forecast that 10% of global GDP will be stored on blockchain by 2027.<\/p><\/blockquote>\n\n\n\n However, as CommBank learned during Token's presentation, banking incumbents who develop smart strategies to engage with blockchain may find valuable business models within the technology. Over a Q&A, the executives heard about profitable opportunities with cryptocurrency in foreign exchange and after the presentation were very keen to discuss these opportunities with clients they advise.<\/p>\n\n\n\n If there is one defining trait of the digital world, it is immediacy. And customers now expect the same in their banking services. As a result, payment systems around the world are increasingly being revamped to offer real-time payments through multiple channels, including mobile apps and digital wallets.<\/p>\n\n\n\n The technology on which these payment infrastructures could be based? Blockchain.<\/p>\n\n\n\n During the presentation, the Australian executives also gained insights into this trend and the use of cryptocurrencies as well as traditional currency to provide instant bank-to-bank payments, a potential application for CommBank to offer its own customers.<\/p>\n\n\n\n Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
Hearing from Token not only brought the CommBank team up to speed on the developments and potential of these tools, but also gave them the chance to gain insights on two growing trends where fintechs are leading the way: instant payments and peer-to-peer transactions with cryptocurrency and blockchain technology.<\/p>\n\n\n\n Cryptocurrencies have been described as a money revolution<\/a> and are based on the highly disruptive blockchain technology. Blockchain, by definition, is a decentralized ledger shared across a private or public network and at its core is the absence of third-party intermediaries. With a central premise in such direct opposition to the role of banks, it would seem a major competitor to established financial institutions and the traditional banking ecosystem.<\/p>\n\n\n\n A report<\/a> by the World Economic Forum has forecast that 10% of global GDP will be stored on blockchain by 2027.<\/p><\/blockquote>\n\n\n\n However, as CommBank learned during Token's presentation, banking incumbents who develop smart strategies to engage with blockchain may find valuable business models within the technology. Over a Q&A, the executives heard about profitable opportunities with cryptocurrency in foreign exchange and after the presentation were very keen to discuss these opportunities with clients they advise.<\/p>\n\n\n\n If there is one defining trait of the digital world, it is immediacy. And customers now expect the same in their banking services. As a result, payment systems around the world are increasingly being revamped to offer real-time payments through multiple channels, including mobile apps and digital wallets.<\/p>\n\n\n\n The technology on which these payment infrastructures could be based? Blockchain.<\/p>\n\n\n\n During the presentation, the Australian executives also gained insights into this trend and the use of cryptocurrencies as well as traditional currency to provide instant bank-to-bank payments, a potential application for CommBank to offer its own customers.<\/p>\n\n\n\n Executives from Commonwealth Bank hear about applications of blockchain and cryptocurrency from fintech Token.<\/p>\n\n\n\n Key takeaway from Token<\/strong>: blockchain applications like cryptocurrency are very new and there is space for banks to shape this growing ecosystem. Banks can integrate cryptocurrency to their operations and transform their payment infrastructure on blockchain technology to offer customers real-time transactions, a service with increasing adoption worldwide.<\/p>\n\n\n\n During their custom immersion program in Silicon Valley, Commonwealth Bank of Australia executives learned about the future of banking and the crucial role innovation will play in the industry\u2019s future. At Google and SVIC, the group was able to dive into the culture of innovation and the way companies can engage with it through startups. A session with Token gave them a thorough overview of digital banking, the role of banks in the future and potential applications of blockchain and cryptocurrencies at finance institutions like their own.<\/p>\n\n\n\n Commonwealth Bank came away with the tools and knowledge to become a simpler, better partner to its customers and a leader in the digital banking future.<\/p>\n\n\n\n Silicon Valley Innovation Center<\/strong><\/a> helps financial sector executives experience and connect with the Silicon Valley fintech startup ecosystem through a fintech executive immersion program<\/strong><\/a>. As Silicon Valley is a hotbed of fintech innovation, company executives will benefit greatly from visiting the innovation hub and interacting with startups<\/strong> like the ones mentioned in this article. Through this immersive experience, executives will also gain deep insights<\/strong> into how partnering with Silicon Valley startups<\/strong> can be a game-changer<\/strong> for their businesses.<\/p>\n\n\n\n
\n
Latest
\n\n\n\n
\n
Latest
\n\n\n\n
\n
Latest
Heading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
Heading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
Heading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
![\"](\"https:\/\/siliconvalley.center\/wp-content\/uploads\/2019\/12\/IMG_20181008_115200-1.jpg\")
<\/figure>\n\n\n\nHeading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
<\/figure>\n\n\n\nHeading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
<\/figure>\n\n\n\nHeading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
<\/figure>\n\n\n\nHeading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
Blockchain applications for instant transactions<\/strong><\/h3>\n\n\n\n
<\/figure>\n\n\n\nHeading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
Blockchain applications for instant transactions<\/strong><\/h3>\n\n\n\n
<\/figure>\n\n\n\nHeading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
Blockchain applications for instant transactions<\/strong><\/h3>\n\n\n\n
<\/figure>\n\n\n\nHeading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
Blockchain applications for instant transactions<\/strong><\/h3>\n\n\n\n
<\/figure>\n\n\n\nHeading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
Emerging (crypto)currencies in finance<\/strong><\/h3>\n\n\n\n
Blockchain applications for instant transactions<\/strong><\/h3>\n\n\n\n
<\/figure>\n\n\n\nHeading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
\n
Latest
Emerging (crypto)currencies in finance<\/strong><\/h3>\n\n\n\n
Blockchain applications for instant transactions<\/strong><\/h3>\n\n\n\n
<\/figure>\n\n\n\nHeading into the future<\/strong><\/h2>\n\n\n\n
\n\n\n\n
