Banking is being forced to embrace crypto rules – Emmanuel Daniel | Futurist
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Banking is being forced to embrace crypto rules

In a recent episode of the Transform NOW Podcast with Michael Marchuk, I explored how AI and cryptocurrencies transformed financial services and what these changes meant for the future of traditional banking.

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August 27, 2024
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Banking is being forced to embrace crypto rules

In this conversation with Michael Marchuk, I explain how banking is being forced to give up its legacy core banking approach to be able to operate more like cryptocurrencies. Banks need to be 24X7, provide their own liquidity, be less leveraged than they are today add functionalities into their transactions.

The rise of AI and quantum computing will also see a resurgence in interest in areas like peer-to-peer platforms because this time they will be processing much more data about the participants.

 

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Tags: Agile InfrastructureAIbanking industryBanking TransformationCBDCsCentral Bank Digital CurrenciesCompetitivenesscore bankingCryptocurrenciesCustomer ExperienceDecentralised financeDigital Agedigital assetsdigital currenciesfinancial innovationfinancial transactionsfuture of financeMichael MarchukMoney ManagementPersonalised ServicessecurityStabilitytechnological advancementsTraditional BanksTransform NOW
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