Bank of America veteran Cathy Bessant to lead North Carolina nonprofit americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
5G, not digital currency: What BofA tech chief Bessant is bullish on americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
But not everyone is as sold on where the tech can be used in finance.
Speaking at a Bank of America virtual roundtable on Monday on the future of digital banking , Cathy Bessant, Bank of America s chief operations and technology officer, shared her thoughts on the potential for DLT.
When asked by a moderator what cutting-edge tech she is excited about, Bessant s first response was to say what isn t as intriguing to her.
Bessant said that while DLT, which underpins digital currencies and exchanges, is a new and exciting technology, the bank has yet to find a solid use case for it in financial services.