Credit Suisse brands blockchain a 'game changer' after successful test

Credit Suisse's asset management arm and Banco Best, a Portugal-based bank, have used blockchain technology to process an end-to-end fund transaction and said "considerable benefits" would come from the technology. Chief digital officer for Credit Suisse, Pascal Nägeli, describes blockchain technology as "a great lever to increase efficiency" and notes how the experiment proves the advantages of distributed ledger technology for clients and asset managers alike. Claude Metz, head of shareholder services in Luxembourg for Credit Suisse, said: "Blockchain technology in connection with p...