A brief look at the emerging financial disruptions
The landscape of financial ecosystems is changing. Present technology systems of financial institutions are commonly decades old and consist of patches, updates, and integrations that are difficult to navigate. These kind of systems are costly, constrain organizational agility, and limit the strategic options as the financial ecosystem keeps evolving. Across many parts of the Western world, the critical infrastructure and financial infrastructure that links together institutions is approaching the point of replacement. Meanwhile, the critical components that comprise the financial ecosystem are progressively vulnerable to threats from hackers.
However, there can arise new opportunities if the cutting edge technologies are integrated into these systems…
Sources:
1. Arslanian, H., & Fischer, F. (2019). Fintech and the Future of the Financial Ecosystem. In The Future of Finance (pp. 201–216). Palgrave Macmillan, Cham.
2. Arslanian, H., & Fischer, F. (2019). The Crypto-asset Ecosystem. In The Future of Finance (pp. 157–163). Palgrave Macmillan, Cham.
3. Wang, A. W. (2018). Crypto Economy: How Blockchain, Cryptocurrency, and Token-Economy Are Disrupting the Financial World. Simon and Schuster.
