{"id":39374,"date":"2022-02-07T11:32:41","date_gmt":"2022-02-07T10:32:41","guid":{"rendered":"https:\/\/intellias.com\/?p=39374"},"modified":"2023-10-04T14:27:29","modified_gmt":"2023-10-04T12:27:29","slug":"the-future-of-finance-an-outlook-for-the-next-decade-2022-2030","status":"publish","type":"blog","link":"https:\/\/intellias.com\/future-of-finance-outlook-for-next-decade\/","title":{"rendered":"The Future of Finance: An Outlook for the Next Decade (2022\u20132030)"},"content":{"rendered":"
The past two years were a litmus test of sorts for all standard operating procedures and technical systems in the financial sector. It showed both inefficiencies and deficiencies \u2014 broken digital account opening processes, subpar back-office procedures, and a lack of online customer engagement mechanisms.<\/p>\n
We\u2019ve all learned our lessons and know who\u2019s a winner. But let\u2019s be real: this was just another crisis. More will come and go. Yet banking will remain an in-demand service.<\/p>\n
The question many are now asking is who will own the banking experience?<\/em> Traditional financial service providers, digital-first players, or tech companies? Because all of them are trying to dominate.<\/p>\n As consumers, banks, and governments alike progressively recover from the economic slump, the financial sector is getting more bullish about growth prospects.<\/p>\nThe changing shape of financial ecosystems<\/h2>\n
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