Straight Talk Special Issue: Financial Services - 38
Big Risks,
Major Opportunities
Bitcoin, the blockchain-based cryptocurrency, has been
the darling of investors over the past few years. And while
there have been concerns about theft, price volatility and
an economic bubble, the enthusiasm for the underlying
technology is palpable. Blockchain's potential across a
number of industries is already being tested and POCs
developed. For banks and financial services institutions,
this presents a massive opportunity to modernize - and a
long-term threat to their monopoly as the guarantor of
economic transactions.
But blockchain is just one link in a chain of emerging and
disruptive technologies which threaten to upend the
established economic system and severely impact the
bottom lines of financial institutions. There is a growing
fear that the ramifications may be more than this, that the
next generation of customers may opt out of the system
all together. This has led to a huge churn within top
decision-making bodies of banks and financial
organizations, with many asking what they need to do to
stay relevant to their customers' needs.
A massive host of new capabilities, powered not only by
blockchain but by such technologies as artificial
intelligence, robotics, big data analytics and more, are
38
emerging that offer customers and businesses new
opportunities to sustain and grow their businesses. At the
same time, in this hyper-connected and hyper-regulated
business environment, there is constant pressure on
security, integrity and institutional trust. These myriad
factors place financial institutions in a unique, if
unenviable position: to be both drivers of a generational
change in technology and its applications, while also
contending with amplified governmental and consumer
scrutiny. These changes call into question the
fundamental values and principles of an organization, and
require companies to also focus on building strong
internal cultures that can be sustained under these
massive changes.
This issue has featured different tools, techniques and
strategies that can be employed by financial services and
allied industries to survive and thrive in these disruptive
times. They provide industry change managers, including
CIOs, CDOs and engineering heads, ways to build a
consensus on what can be a positive, long-term approach
to digitization.
We have seen some common themes running through the
articles in the issue:
Straight Talk Special Issue: Financial Services
Table of Contents for the Digital Edition of Straight Talk Special Issue: Financial Services
Contents
Straight Talk Special Issue: Financial Services - Cover1
Straight Talk Special Issue: Financial Services - Cover2
Straight Talk Special Issue: Financial Services - 1
Straight Talk Special Issue: Financial Services - Contents
Straight Talk Special Issue: Financial Services - 3
Straight Talk Special Issue: Financial Services - 4
Straight Talk Special Issue: Financial Services - 5
Straight Talk Special Issue: Financial Services - 6
Straight Talk Special Issue: Financial Services - 7
Straight Talk Special Issue: Financial Services - 8
Straight Talk Special Issue: Financial Services - 9
Straight Talk Special Issue: Financial Services - 10
Straight Talk Special Issue: Financial Services - 11
Straight Talk Special Issue: Financial Services - 12
Straight Talk Special Issue: Financial Services - 13
Straight Talk Special Issue: Financial Services - 14
Straight Talk Special Issue: Financial Services - 15
Straight Talk Special Issue: Financial Services - 16
Straight Talk Special Issue: Financial Services - 17
Straight Talk Special Issue: Financial Services - 18
Straight Talk Special Issue: Financial Services - 19
Straight Talk Special Issue: Financial Services - 20
Straight Talk Special Issue: Financial Services - 21
Straight Talk Special Issue: Financial Services - 22
Straight Talk Special Issue: Financial Services - 23
Straight Talk Special Issue: Financial Services - 24
Straight Talk Special Issue: Financial Services - 25
Straight Talk Special Issue: Financial Services - 26
Straight Talk Special Issue: Financial Services - 27
Straight Talk Special Issue: Financial Services - 28
Straight Talk Special Issue: Financial Services - 29
Straight Talk Special Issue: Financial Services - 30
Straight Talk Special Issue: Financial Services - 31
Straight Talk Special Issue: Financial Services - 32
Straight Talk Special Issue: Financial Services - 33
Straight Talk Special Issue: Financial Services - 34
Straight Talk Special Issue: Financial Services - 35
Straight Talk Special Issue: Financial Services - 36
Straight Talk Special Issue: Financial Services - 37
Straight Talk Special Issue: Financial Services - 38
Straight Talk Special Issue: Financial Services - 39
Straight Talk Special Issue: Financial Services - 40
Straight Talk Special Issue: Financial Services - Cover3
Straight Talk Special Issue: Financial Services - Cover4
https://magazine.straighttalkonline.com/hi_tech
https://magazine.straighttalkonline.com/issue12
https://magazine.straighttalkonline.com/assetheavy2020
https://magazine.straighttalkonline.com/lifesciencesandhealthcare2019
https://magazine.straighttalkonline.com/womenintech2
https://magazine.straighttalkonline.com/financialservices2019/
https://magazine.straighttalkonline.com/issue11
https://magazine.straighttalkonline.com/issue10
https://magazine.straighttalkonline.com/issue9
https://magazine.straighttalkonline.com/womeninit
https://magazine.straighttalkonline.com/financialservices
https://magazine.straighttalkonline.com/issue8
https://magazine.straighttalkonline.com/issue7
https://magazine.straighttalkonline.com/issue6
https://magazine.straighttalkonline.com/issue5
https://magazine.straighttalkonline.com/issue4
https://magazine.straighttalkonline.com/issue3
https://magazine.straighttalkonline.com/issue2
https://magazine.straighttalkonline.com/issue1
https://www.nxtbookmedia.com