eR Pr PY rY | 5 ROM CCRC RNP CMC RMT: Tel auCeatS Ala Naat UMM now bank has developed their system, people can do banking with online and on SIN ASIC Riel UMMC mC manic sul ckiet provide convenience to people by their technology. So banks have to keep updating Bat ashen UIA IN oe Banks hove their own financial technology which are ATMs, credit cards, debit cards and online payment. However, other FinTech start ups are competing with banks, hence, banks have to improve their financial technology too. CUNT HL Ce Lona eake kata OME UR R Com era CES C aries gee enti] Eales It can refers to start-ups, technology j i Cooln) Lola Rom lel [VM kool There are many FinTech which can do some of the banking activities such as loaning. For example, lending club in America allow people to loan money from people without bank. Moreover, e-commerce such as Ali pay do not need bank to transfer money, money can go from buyer to seller. More secure Tranparent Easy to check BLOCKCHAIN A secure transaction ledger that is shared by all parties in a distributed network creating a irrevocable and can be audit transaction history. Furthermore, blockchain can reduce friction in financial network when different intermediaries use different infrastructure. PWT C aE ih) CENTRALIZED DECENTRALIZED - dota are stored in one - everyone can check place - transparent - easy to be hacked - don't need intermediary - only one copy many copy (can check if it is changed = no evidence (if it is hacked) BANK CHANGING SYSTEM I eta CMM oMeae late Maca) Ai aoe oa Rie Rik Colo) Melero a oT-lae) more secure. Blockchain can lower the transaction cost for bank because block chain can transfer money from people to people. Bank do not have to transfer the money from userl to bank] to bank2 and to user2. BLOCKCHAIN WILL BE USED BY =! FP™ (7 OF BIG BANKS BY 2017 . ges /U FURTURE BANK: NEOBANK The word neo means new in Greek, but this is not a new bank. This is a updated and upgraded bank. It is a conventional bank with no physical branches. On the other hand, it is a bank that will use mobile applications and websites to provide their services Advantages - lower the cost for bank: no more branches, no more employees - increase serving speed: everything is online and will definitely be faster than bank branches - more convenient for people: can do transactions anywhere - many features: personal finance management poweredby Piktochort make information beautify