Monday, 08 July 2024

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Issue No 194

Bridging the technology gap in banking


Despite a global surge in technology spending, many bank boards lag in tech expertise, significantly affecting their strategic decisions and ability to innovate. With 49% of the world’s top banks having less than 10% of board members versed in technology, the gap between traditional banking systems and modern digital demands widens.

This issue covers a range of subjects that reflects the industry as it confronts legacy systems and increasing technological disruptions, and the imperative for board-level tech fluency critical for navigating today’s financial landscape.

Also in this issue, we demystify the world of digital assets, tokenisation, and cryptocurrencies. Financial institutions and regulators are moving in tandem to transition the industry to new forms of money, increasing asset liquidity, and democratising wealth. In the end, old and new money will coexist.



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