You may have heard of bitcoin and even own some form of digital cryptocurrency or bitcoin Exchange-traded Fund (ETF) launched recently. Cryptocurrency is shaking up the financial world by making it possible for parties to exchange money without the need for intermediaries like banks and exchanges. However, you may not be as familiar with blockchain, the technology that underlies cryptocurrencies and is increasingly being used in ways that range from trading, lending, payment, contract management, and inventory management in the supply chain.

Organizations routinely launch ambitious change projects that are inevitably riddled with complexity. A digital transformation of the front-to-back customer experience, the introduction of a complex testing program impacting multiple systems, or a new regulation that requires legal entity restructuring, to name a few. Such immense projects can seem overwhelming given the various intricacies involved and the seemingly endless roadblocks.

Over the last 25 years, the wholesale lending market has seen a tremendous uptick in change, innovation, and growth within the global financial services sector. Once a straightforward business model of borrowing and lending (i.e., ‘traditional lending’), is now multifaceted. In today’s market, trillions of dollars in loans are underwritten, traded, and used for hedging purposes globally every year.