Digital innovation in financial services is poised to revolutionize the industry, driven by convergence of multiple technologies each with their own maturity path such as artificial intelligence (AI), 5G, cloud computing, decentralized identity and the Internet of Things (IoT). AI and cloud computing are at the center of the latest wave of technology driving how information is process, combined with integration of 5G and IoT that is bridging the gap between physical and digital financial worlds, additionally, privacy-enhancing technologies (PETs) and decentralized identity are enhancing and creating new ways of data access and security. Adoption of these technologies are creating powerful clusters to reshape financial services, and collectively can offer new opportunities for businesses that will benefit customers.
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