financial services
Overview
Most of the solutions of the future are AI-driven and will increasingly use blockchain and cryptocurrencies. They will promote responsible, proactive financial planning and lifestyle choices, as well as transparency regarding how those choices affect the environment. What will the future Metaverse's currency look like and what services will it need?
Banks need to be ready to handle this complicated business climate by making themselves open for collaboration, wisely using their technological investments, and assets. In order to bridge gaps in their client offerings and shared system architecture for embedded and contextual banking, banks are currently collaborating more closely with fintech and non-financial businesses.
Banks now feel pressure to offer embedded products and services like Purchase Now Pay Later and digital assets in order to become on-demand ecosystem suppliers. As rivals—including fintech, big tech, and retailers—invade their market, they must maintain their relevance and avoid disintermediation.