Essays on rational absurdity of banking
How technology, data, and digital infrastructure are reshaping banking, from internal systems to ecosystem-wide rails.
Global payment systems rely on encryption powered by mathematical formulas that classical computers cannot solve, keeping stored and transmitted data secure. But the rise of quantum computing threatens to unravel this security, with the potential to compromise payment systems entirely. Sunil Landge delves into the looming quantum challenge and how financial institutions can safeguard themselves for a secure future.
Metaverse offers the potential to revolutionise banking by creating full-service virtual branches, transforming customer service, engagement, and transactions. However, for this to become mainstream, significant technical, regulatory, and economic challenges must be overcome to ensure secure and scalable banking in the virtual world. Amit Balooni explains
Hyper-personalisation promises to revolutionize banking by creating a “Segment of One” experience, but the path is riddled with complexities. Challenges of execution and technological demands can turn this potential goldmine into a costly misstep. What does it take for banks to truly harness this power?
Banks are diving headfirst into the digital age, eager to revolutionize their operations with cutting-edge technology. But beneath the sleek, modern facade lies a hidden “digital trap”—a complex web of outdated systems, spiraling costs, and endless customizations. This article uncovers the unseen challenges that deflate a bank’s push for digital change.