Foremost among the drivers of disruption should still be technology, says Deloitte Insights of the 2020 banking and capital markets outlook. These forces can change how banking is done. Banking should become more open, transparent, real-time, intelligent, tailored, secure, seamless, and deeply integrated into consumers’ lives and institutional clients’ operations.
Newly appointed ISO President Eddy Njoroge explains in his opening remarks: “With technology evolving at a fast pace, challenges are bound to rise in areas of information management, data management and cybersecurity.
“To this end, it is essential not only to promote the use of standards that can give the sector a competitive edge, but also to ensure the development of financial standards that can leverage on emerging technologies like blockchain, which promote efficiency and financial inclusion.”
Each of these forces presents exciting opportunities for finance. But they also engender new risks: How do we make long-term finance standards in the face of so much uncertainty?
This question is at the heart of the latest ISOfocus. Enriched throughout with international case studies and contributions from industry experts, the January/February 2020 issue provides a comprehensive and lively overview of today’s and tomorrow’s finance industry. A special focus on e-commerce also highlights the role of International Standards in shaping this technological disruptor and what’s in store for 2020.
Other highlights in this edition include articles on digital currencies, financial messaging systems for the banking industry and universal access to financial services.
Uncover all the latest trends in the newest ISOfocus issue!