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THE BROAD VIEW

Banking needs its Back to the Future moment when it comes to technology 

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    • For the industry to thrive in future, words such as platform banking, ecosystems, embedded and decentralised finance are the primary orchestrators of the new financial economy, and often it will require banks adopting fintechs’ disruptive potential to deliver them.
    • For the industry to thrive in future, words such as platform banking, ecosystems, embedded and decentralised finance are the primary orchestrators of the new financial economy, and often it will require banks adopting fintechs’ disruptive potential to deliver them. PHOTO: BT FILE

    Shayan Hazir

    Published Sat, Jul 20, 2024 · 05:00 AM

    IF YOU’RE a fan of the Back to the Future movie series, you will know how Marty McFly had to unravel the past, in order to secure the future.

    I had a similar “back-to-the-future” epiphany at the Point Zero Forum held in Switzerland this month (July).

    At the event, 2,000 central bankers, regulators, policymakers and industry leaders convened to address the latest developments in financial technology and its implications on the future of finance.

    Banking

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