Global financial services association BAFT is set to drive bitcoin and blockchain awareness with the launch of its new FinTech scheme.
The association, which deals with a wide range of topics affecting transaction banking, launched the initiative in an attempt to draw attention to the various innovative technologies that are currently transforming services such as cross-border payments and trade finance.
Tod Burwell, BAFT president and CEO, said:
With the launch, the association will also attempt to serve as a vehicle for addressing regulatory issues for both banks and FinTech companies and will attempt to engage more of the latter as members.
Additionally, BAFT will create a FinTech and Innovation Council to guide its efforts around emerging technology and payments and drive execution.
Among other tasks, the council will be responsible for building on the association's seven-part webinar series on blockchain technology, which launched on 15th September.
The association will also hire a senior vice president of payments and innovation.
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