Future of banking
What will banking look like in the next ten years?
The future of banking provides a world of possibilities, but this change will take significant steps and audacity. Instead of being intellectually shut down by the current, banks must be open to fresh thoughts. Developments of the past are engines of the future. Radical new technologies and innovations will push banking to become more transparent, accessible, and human centric.
Some key drivers are already in motion, and others will become much more significant through the decade. Banks must rigorously determine and play to their strengths to compete in a world with more blurred boundaries, where transactions can be made through smart gadgets and technology platforms can give the banking experience, supply loans and integrate many more functions in an inclusive ecosystem.