UBS: big bank blockchain exposes competitive tech gap

A recent UBS Evidence Lab survey found a predictably yawning gap between big and small banks: larger banks are getting a competitive advantage from emerging tech, are more likely to cite revenue growth as a key benefit of technology investment, indicate that they are implementing emerging technologies, and believe it is important to be an innovator in digital banking, versus a fast follower strategy cited by most smaller bank participants.

The way that this plays out in blockchain is worth scrutinizing: despite being cited by respondents as one of the least promising technologies for all sizes of banks, it also presents a wide divergence between who is investing amid a broad consensus for what reasons.

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