“Digital strategies should reflect changing economic fundamentals, industry dynamics, and what it means to compete. Strategic agility will enable organizations to be prepared to pivot as it tests, learns, and adapts.” – McKinsey & Company
The open ecosystem of the future will feature new roles challenging traditional banking assumptions. Banks and FinTechs need to collaborate with other ecosystem players around open architecture adoption. There are four fundamental shifts in the industry: emphasizing customer experience over products; data over assets; shared access over ownership; and partnering over building or buying.
The FCA has carried out work on cryptoassets, both as part of a broader UK Cryptoasset Taskforce and independently. This consultation paper is the next step in the FCA’s work on cryptoassets and sets out details on where different types of cryptoassets might fall in the regulatory perimeter.
Published by the World Economic Forum System Initiative on Shaping the Future of Environment and Natural Resource Security in partnership with PwC and the Stanford Woods Institute for the Environment, this report focuses on the application of blockchain to address pressing environmental challenges such as climate change, biodiversity loss and water scarcity, looking at emerging applications.
The Deloitte US Center for Financial Services fielded a global digital survey in May 2018, querying 17,100 respondents in 17 countries. Deloitte set minimum quotas for age and gender for each of the 17 countries. The survey emphasized consumers’ digital engagement, including channel preferences for various banking activities and buying new products, their emotional connection to their banks, and other attitudes and perceptions about their primary banks.
Deloitte found that while executives conceptually understood the profound business and societal changes that Industry 4.0 may bring, they were less certain how they could take action to benefit. The Fourth Industrial Revolution enables an increasingly globalized world, one in which advanced technologies can drive new opportunities, diverse ideas can be heard, and new forms of communication may come to the fore.
This is a checklist for corporate directors to ensure they are asking the right questions, so they can inform themselves about blockchain technology and the technology’s potential to impact (and possibly disrupt) their business.
With technologies such as AI and blockchain, personal data is consumed daily by sophisticated systems, with the likelihood that the public knows little about what happens to their data. Regulations are in place aiming to ensure that your personal data is kept safe and used only for legitimate purposes. The question is: are these regulations up to the challenge?