The future is all about the data

Abstract

There is a range of trends affecting payments and transaction servicing, culminating in radical changes to the whole way of thinking about banking and money. In part, these changes are being forced on the industry through the regulatory agendas of politicians but, in larger part, these changes are being required by customers and corporates, as technology changes their relationships with financial providers. This paper looks at the outcome of such changes and finds that financial institutions will be radically restructured around data assets within the next decade, to cater for these new world needs.