B ack in the early days of cryptocurrency the most fervent disciples of digital assets dreamt that this new financial tool would replace traditional financial institutions. But as the digital assets market has matured, it has become clear that the digital and ‘tradfi’ worlds have more to gain by working together. BCB Group’s strategy has been to build links across the digital community and with the traditional financial system, and Claire Barratt, Head of Banking and Strategic Partnerships, is at the coal face of this endeavour. “It is true that fintechs have completely disrupted the market, but it's also really important to have those partnerships with banks. They are the ones that have direct access to local payment rails, and so through our banking partners, we can tap into that,” says Barratt. “There are several players in the market that have been very successful in supporting the fintech space. These banks have been expanding globally, either through acquisition or by going through the application process to obtain the appropriate licences to achieve direct connectivity to local payment rails,” she adds. Barratt is well placed to build bridges between digital asset markets and traditional banks having spent her early career in mainstream banking. She began at Commerzbank before joining Wells Fargo, where she focused on correspondent banking – the transaction side of the business – and gained her qualifications in compliance. This experience and skillset have proved invaluable in forging ties with the banking sector. →
It is true that fintechs have completely disrupted the market, but it's also really important to have those partnerships with banks. They are the ones that have direct access to local payment rails, and so through our banking partners, we can tap into that. Claire Barratt
Claire Barratt Head of Banking and Strategic Partnerships BCB Group
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