Blockchain Won't Kill the Banks, It Is There to Collaborate With Them, Says Fintech Exec

Collaborating with banks is the key to blockchain success, Maria Pennanen, co-founder of Accelerator Frankfurt Gmbh, said Monday at a fintech conference held in Tel Aviv by Calcalist, Bank Leumi’s tech banking arm LeumiTech, and accounting firm KPMG.

“We’re not there to kill the banks, we’re there to collaborate with them,” Pennanen said.

Accelerator Frankfurt works to connect Israeli companies with Frankfurt-based startups, among other activities. Pennanen is also the CEO of German crypto data insights startup Santiment Inc.