We even launched a blockchain project of our own in cooperation with the Deutsche Börse, the stock exchange in Frankfurt in 2016. Today, I would like to make the most of you and today’s audience, by considering a wider question: why exactly is it so difficult for many banks to fully embrace the many opportunities presented by the digital era and become successful?
We spent quite a lot of time and energy last year discussing whether we should exit the business of processing check and ACH payments.