The World Economic Forum in collaboration with The European Sting puts forward the interesting idea that the impact of fintech...
Forbes talks about the pace of change globally in financial services with Kirsty Roth, Global Head of Operations at HSBC...
According to a new World Economic Forum report, tech giants like Facebook, Google and Amazon have enormous potential to disrupt finance; the big tech companies already have scale and brand recognition, something most startups are still looking to achieve; AltFi reports that the 200-page report says: "Financial institutions increasingly resemble, and are dependent on, large tech firms to acquire critical infrastructure and differentiating technologies, the coming collision between financial institutions and large techs leads to tough choices for all firms: become dependent on large techs or risk falling behind."; the report goes on to say fintechs, while successful, have still yet to really disrupt big financial firms as many of their solutions are beginning to be built by the incumbents. Source
Jesse McWaters leads Disruptive Innovation in Financial Services research project for the World Economic Forum; McWaters believes many fintechs will...
central bank / CBDCcivilization and politicsenterprise blockchainmacroeconomicsnarrative zeitgeistphilosophyregulation & complianceSocial / Communitystablecoinsthings that are not true
·We anchor our writing around the World Economic Forum 223 page report on CBDCs and stablecoins. The analysis highlights the key conclusions across several white papers in the report. We then add a layer of meta analysis around the language in the report, and question what it is trying to accomplish, and whether that will work with the Web3 revolution. This leads us to think about the tension between populism, as represented by crypto, and institutionalism, as represented by banking structures. We discuss theories of cultural and national DNA, and the rise of populism, as difficult problems to solve for any global alignment.
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