Deltec Bank, Bahamas – Quantum Computing and AI, and Blockchain and Its Impact on Banking

Deltec Bank, Bahamas - Quantum Computing and AI, and Blockchain and Its Impact on Banking

“Jean Chalopin”

There is a lot that could be said about the massive changes shaping the banking industry today. Entrepreneurs can take advantage of BaaS (Banking as a service), or BaaP (Banking as a platform) to bring their Fintech ideas swiftly to market. EMI (Electronic Money Institutions in EU), MSB (Money Service Business) and payment processing fintech companies all are trying to find a niche in this fast-evolving ecosystem.  The big question is how should one differentiate when tech sigmoid curve is getting shorter and shorter?

The quest to be different has merged the tech and finance companies into Fintech with Fin leading the Tech and something vice versa let’s call it Tech-Fin. The truth is business is technology and technology is business, a seamless overlap of UI, A.I, Deep learning mashed with quantum computing coupled with blockchain and 5G. What is the niche one wants to establish and how fast the competitors will catch on and provide a better differentiator? Let’s look into a few of these technologies like quantum computing, AI and blockchain and understand their potential to transform the banking sector in the very near future.

Artificial Intelligence

The financial institutions, which will benefit the most from Artificial Intelligence, will be those who are geared to change the way how they design products and services around their customers with constant innovation. A.I will make overall operations niftier and more fecund with dynamic learning and decision- making.


The Blockchain technology that powers Bitcoin transactions provides a lot of benefits like faster transactions, lower fees, greater transparency, and better accessibility. Mr. Jean Chalopin of Deltec International said, “shared, decentralized, cryptographically secure, Immutable digital ledger is the wonder child of Blockchain.” A new era of accountability in the financial sector is in the wind with Blockchain.

Quantum Computing

Financial organizations will tap on the high-powered processing abilities of quantum computing and streamline big data analytics. Integrating this technology in the banking and finance sector will help to speed up transactions task and grouping of incongruent assets.

What’s more, quantum computing in the banking sector will pave the way for the next-generation cryptography to protect confidential data, faster detection of anomalies and fraud as well as stronger encrypted data.

Bottom line is, so much of the potential of these technology remains to be seen as it is still early innings in the game. Overlooking these technologies is not an option, either we stay ahead of the curve with panache or the curve will become too steep to climb at a later date.


The author of this text, Robin Trehan, has an Undergraduate degree in economics, Masters in international business and finance and MBA in electronic business. Trehan is Senior VP at Deltec International The views, thoughts, and opinions expressed in this text are solely the views of the author, and not necessarily reflecting the views of Deltec International Group, its subsidiaries and/or employees.

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Country: Bahamas