Our vision
How will the next waves of digital possibilities affect people?
This is a key question facing Financial Services providers that are already undergoing profound transformation. Technological advances may offer up the ‘art of the possible’. But they still have to be balanced with the ‘art of the permissible’ – fairness, trust, and an understanding of the impact on individuals and society. Here, we interpret the underlying issues and set out our vision for overcoming today’s Digital Dilemmas:
Digital meets physical
Our digital and physical lives are becoming increasingly interconnected. Thanks to digital twins, hyper-personalization, and robotics, this blurring of the boundaries is set to continue. Yet it raises clear issues around security, regulation, and constant change. So how can banks and insurers respond and provide trusted systems and services that meet evolving personal and societal demands?
Business models and society
The vast potential of data. Continual organizational transformation. Changes in the underlying economic foundations. Such forces will determine the success or failure of many established banks and insurers in the years to come. So what is the right business model for you? What will the future of work look like for your employees? How will you embrace the new demand for Corporate Digital Responsibility?
Human-centric AI
Artificial intelligence (AI) is not a future technology in Financial Services. It is already here. Chatbots, digital assistants, and voice banking are active. They are helping banks and insurers stay relevant for customers, simplify operations, and tackle competition from digital natives. But what if they are too invasive? Or the technology does not live up to the promise? Or regulation creates too many barriers? There is a wide range of ethical and human considerations when it comes to AI.