The Future of Finance...

Hello, 

I don't want to sound like a speculator but I'm genuinely concern about what the future holds for us.


If we're looking at the financial industry, I think that AI , automation, CBDC (if will be implemented, which I think definitely will for various reasons), Fintech companies, big tech companies (such as Apple de facto giving people credit and acts as a bank through "apple pay later") and technology as a whole - will make the way people are consuming financial services so much better for everyone, and that's exactly the problem - I'm concerned it will take away the power from the financial institutions, lower the barrier of entry and disrupt the market in ways that I can't forecast.

If the mentioned above will happen and the financial institutions won't be able to not only adapt but make sure they are keeping themselves in the front line of financial innovations, it might impact the opportunities both for those of us who want to work in the industry and climb the ladder and those who hope to one day start their own financial firm.  
Maybe even for the better as this disruption might create room for opportunities.

And yes I'm thinking in a long term approach - 10 years from now and on. 
For example I think that with all due respect to investment banking, commercial banking plays the biggest role in the financial industry and also might take the biggest hit.

Obviously nobody knows what will happen, including me, but I'd love to hear your perspective:

What is My background in finance:
What I think will happen:
Why I think it will happen:

Thanks.

3 Comments
 

Okay, but what are your Cartesian vector coordinates in a three-dimensional X Y Z frame of mechanical motion? 
Is your aim to stir up trouble in our scientific congregation? 

Isn't your existence collinear with the tangent vector One? 

This non-existence in the Galilean system over the interval x ∈[0;+∞] causes a certain incoherence among the natural numbers N 

I'm therefore entitled to ask you for the property to which you're attached with a period T 10s, so I'm asking you to be subtracted from your opposite in order to have a value x=0 in our eyes. 

You've obviously lost your way here, so we're going to escort you back to your faculty of social sciences as soon as possible.

Serenity on your frame of reference notwithstanding

 

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