Summary of How decentralized finance will transform business financial services
- Decentralized finance (DeFi) is emerging as a tool for smaller businesses in developing markets, particularly for remittances and small loans;
- The transaction banking industry is beginning to see DeFi's potential to overhaul the inflexibility of present processes;
- Uptake of DeFi in transaction banking could open up new capital opportunities for larger companies and increase liquidity for SMEs.
