What technology has the potential to disrupt the financial services sector the most?
It’s not the tech giants like
Apple AAPL +1.34%,
Facebook FB +0.22% or
Google GOOGL +1.24%, who have all made
recent moves into payments services.
According to Oliver Bussmann, CIO of Swiss bank
UBS UBSN.VX +5.77%, the biggest disrupting force is the blockchain – the underlying technology behind Bitcoin, the electronic-only currency which is created on computers and isn’t controlled by any government or centralized authority.