ECLAC report considers the use of blockchain technology to combat de-risking
A newly published report prepared by The Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean has found that recent developments in the field of financial technology (FinTech), namely blockchain technology, may offer potential solutions to some of the problems surrounding de-risking and the navigation of correspondent banking relationships. De-risking is the term used to describe the practice whereby banking institutions turn away from working relationships and lines of business for which the cost of regulatory compliance — and the ri…