Are we on the cusp of another monetary revolution? Huw van Steenis cites the move from analogue to digital, centralised to decentralised operations, batch to real time, and expensive to frictionless. Tech is essential to digest the sheer volume of data in financial services companies and ensure compliance and reduce risk. Cybersecurity and stress testing are becoming more important, as is moving to the cloud, which many regulators remain nervous about but kept the banks operating during the global pandemic.

Dr. Diana Mantel

Huw van Steenis, co-Chair of the World Economic Forum’s Global Future Council on Finance, ends our Accelerate22 sessions with a look at what the future holds for data-driven companies in the next five years and beyond. He evaluates the importance of data, the need for financial services companies to build out digital capabilities, and the investments that are vitally important going forward.

Dr. Diana Mantel