Technology and Innovation in Financial Services: Scenarios to 2020 - Preface and Executive Summary
This report explores how technology and innovation may reshape the financial services industry by 2020, presenting three scenarios: Global Ivy League, Next Frontier, and Innovation Islands, each with distinct futures for globalization and innovation in financial services.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | World Economic Forum |
| Geographic focus: | Global, Brazil, China, India, Russia, United_States, European_Union, Singapore, New_Zealand, Africa, Latin_America, Asia_Pacific |
| Time horizon: | 2020 |
| Page count: | 84 |
Methods
The research method involved workshops with leaders in business, society, government, and academia from various regions. Participants developed scenarios through discussions, focusing on key questions about globalization and innovation in financial services.
(Generated with the help of GPT-4)
Key Insights
The report presents three scenarios—Global Ivy League, Next Frontier, and Innovation Islands—depicting different futures for financial services by 2020. It examines the impact of technology, regulatory changes, and globalization, considering the role of large global providers, new entrants, and geopolitical tensions. The scenarios explore how access to and delivery of financial services could evolve, the potential for leapfrogging in emerging markets, and the implications of increased competition and innovation.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2020 time horizon | 2020s time horizon | English publication language | Africa geographic scope | Asia Pacific geographic scope | Brazil geographic scope | China geographic scope | India geographic scope | Russia geographic scope | European Union geographic scope | Global geographic scope | Latin America geographic scope | New Zealand geographic scope | Singapore geographic scope | United States geographic scope | consumer behavior | digital security | financial services | globalization | innovation | market trends | regulation | technology