Revolutionizing financial services and markets through FinTech and blockchain

"The use of information and communication technology (ICT) in the business processes and operations of the financial services industry has undergone significant transformations during the last decade. Because of the growing number of customers who use mobile phones, laptops and the internet, the financial industry has begun to provide services based on ICT. Consequently, all types of financial services, such as stock trading and banking, are now accessible electronically or digitally over the internet. Most financial organisations have realised the importance of an IT department and identified cost-saving and efficiency-boosting solutions. Furthermore, improved financial services have enhanced client satisfaction and demand. Since the concept of blockchain was first conceived, the financial sector has been widely regarded as its primary use case. After Bitcoin's base notion in 2009, the idea became widely known. Because of its unique qualities, blockchain technology has the potential to benefit the financial sector greatly. Major stock exchanges are studying blockchain for its capacity to provide nearinstant settlements and automate compliance via smart contracts while providing improved security and transparency. Therefore, the current project's prime objective is to describe the application of blockchain technology to financial services and financial markets"--