Transitioning from its initial position on the periphery of the financial world, blockchain technology has steadily progressed to become a pivotal element in the fabric of the US financial landscape. Its growing maturity is expected to trigger the widespread adoption of blockchain services, including smart contracts and decentralized applications (dApps). Experts predict that businesses that leverage these innovations can save over a quarter billion dollars of expenses related to international transactions by 2030.
Blockchain-as-a-service (BaaS) is another critical trend expected to impact the industry in 2024, enabling businesses to harness the technology’s advantages without building the necessary underlying infrastructure. The service streamlines operations and unlocks new revenue possibilities, becoming an attractive choice for diverse financial transactions and record-keeping.
Beyond economic advantages, recently revised regulatory frameworks for blockchain and cryptocurrencies, like the Responsible Financial Innovation Act (RFIA), encourage widespread adoption. The possibility of leveraging and analyzing user data and financial transactions to offer personalized advice and tailored payment solutions is also a significant determinative.
In the latest edition of Financial Services Review, we feature financial transaction advisory services providers for 2023. These pioneers offer businesses expert guidance, strategic planning, and risk management, positively impacting clients by facilitating well-informed decisions, optimizing deal outcomes, and ensuring regulatory compliance. The magazine showcases LCS Forensic Accounting & Advisory, a certified public accounting company specializing in forensic accounting and financial due diligence.
This edition also covers the unique industry insights of Pedro Mira Vaz, Chief Data & Analytics Officer at NOVO BANCO. In addition, the valuable opinions of Cristian Mazzoleni, Chief Financial Officer at KIKO MILANO, and Paul Park, Vice President, Private Equity & Transaction Advisory Group, Newfront, are highlighted in the magazine. We believe the insights these accomplished professionals share will empower you to make informed decisions for your business.
