Banking on the future! | How future focused are we?
“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten”.- Bill Gates
This thought as famously quoted by Bill Gates righly applies to the banking and financial industry. Banking in 2030 will be completely different from what it is today. While some transformations would be evolutionary, others would be revolutionary, out of which mobilization of everything and the disruption of AI, blockchain, crowdfunding platforms and cloud technology, will transform the banking landscape, enabling it be far more efficient and innovative in delivering ‘autonomous consumer experiences’ that are not possible today.
Banking 4.0 will be based on the foundational principles of banking and financial services, where AI advice will be greater and better than human expertise.