The Future of Work in Financial Institutions
Technological disruption is blurring the lines across sectors and industries.
We are at the beginning of a 4th industrial revolution driven by technology, transforming the way we work and live. How will this affect financial institutions?
Financial services disrupted
We’re at the beginning of a fourth industrial revolution, characterised by the fusion of technologies and the convergence of the physical, digital and biological spheres. Its effects are already being felt in financial services, with the advent of robo-advisers in wealth management, online-only banks and peer-to-peer funding.
This technological disruption is also blurring lines across sectors and industries, a development that is especially relevant to financial services. The use of common technologies and platforms is bringing global industries closer together and changing the competitive landscape.The new players include fintech and insurtech companies as well as disruptors in other industries.