BNY Mellon CIO: Blockchain Useful for Resiliency

Suresh Kumar discusses his firm's approach to one of the hottest technologies in the space.

suresh-kumar

While one could argue blockchain is one of the most talked about technologies in the financial technology, the opinions are all generally in the same vein. The majority of experts see distributed ledger technology having the biggest impact in the settlement space—in particular, processes that are complex or still have paper requirements, such as credit default swaps or syndicated loans, are viewed as the most disruptable.

Suresh Kumar, CIO at BNY Mellon, who was profiled in a 2013 issue of Water

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