How the next wave of finance tech will transform banking

Smart contracts are programs enforcing a specific logic on a blockchain. FILE PHOTO | NMG

What exactly will the future of banking look like? Although the sector has already gone through tremendous revolution, more advances in technology look set to disrupt the sector even more.

The forthcoming changes are riding on the development of peer-to-peer blockchain financial solutions, setting the stage for a future where Decentralized Finance (DeFi) will control banking.

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