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The international financial system is the cornerstone of global economic activity and critical for long-term economic growth and development. The global financial crisis, however, revealed systemic vulnerabilities. The System Initiative on Shaping the Future of Financial and Monetary Systems aims to build a more efficient, resilient and equitable international financial system. It does this by providing a platform for all stakeholders to connect, identify shared needs and collaborate to achieve actionable solutions.
This project aims to enable the opportunities and mitigate the risks related to the technology-enabled transformation of the financial system. It will achieve this by developing a deeper ...
Cyber breaches recorded by businesses have almost doubled since 2013 and the estimated cost of cybercrime is USD 8 trillion over the next 5 years. This consortium presents a concerted eff...
The advent of open data regulation combined with shifting customer preferences are driving established financial institutions to consider radical shifting their operating models from silo...
In the face of new technologies financial institutions and policy makers alike are re-imaging the role of money and the systems built around it with potentially transformative implication...
The current anti-money laundering regime is not fit for purpose and the amount of illicit proceeds from criminal activity is estimated to account for 2-5% of global GDP (around $2 trillio...
The application of emerging artificial intelligence and automation technologies in financial services has already begun to have a transformative impact; altering the operating structure o...
This project aims to foster full access to, and use of, affordable financial services for the underserved through digital means. It will accomplish this through regional activities focusi...
The Appropriate Use of Customer Data in Financial Services is the result of multiple senior leadership discussions and 50+ expert interviews with executives from incumbent financial insti...
Artificial intelligence is fundamentally changing the physics of financial services. It is weakening the bonds that have held together the component parts of incumbent financial instituti...
The Global Future Council on Financial and Monetary Systems published this report singling out three key aspects of the risks and challenges associated with the two seemingly opposed forc...
The framework described in this white paper provides a toolkit to identify cyber-risk management improvements in the innovative and fast-changing Financial Services environment through pu...
There is a realistic opportunity to reach the financially excluded – estimated to be 2 billion – and the many more that are underserved.
For years Fintech has been the hottest topic of discussion in financial services, with incumbents, regulators, and consumers all asking the same question: “Will small technology-enabled ‘...
In an effort to understand better the implications of the Fourth Industrial Revolution – a technology-led transformation that is fundamentally altering the way people work, live and relat...
The report, Disruptive innovation in financial services: A blueprint for digital identity, calls on financial institutions to lead the charge in developing robust digital identity solutio...
The report builds upon the findings from Deloitte/World Economic Forum report Disruptive Innovation in Financial Services and looks at the impact of implementing distributed ledger techno...
