The banking industry has relied on centralized record-keeping systems which, for all their benefits, are too cumbersome and expensive a way to evolve our economy. In this video, RBC CEO Dave McKay discusses the potential of blockchain technology to enable a whole new business model through decentralized record-keeping systems and outlines how RBC is experimenting with this new technology.
Dave also spoke about changing technology and the growth of artificial intelligence, which present both new opportunities and challenges for the banking industry:
