History shows the financial services industry has frequently been a catalyst for progress, helping organisations and people manage economic and societal changes. By decade’s end, FSI leaders may look back at 2024 as the year the future started to unfold, in real terms. Those who choose to invest in that future now—to catalyse the creation of new products and services that can enable positive outcomes—could set the stage for competitive advantage for some time to come.
Mingzulu and our Pioneers conducted extensive work over the last 6 months by engaging with leading founders, investors, enterprise businesses and the research community. Our recently published research and point of view is designed to present the signals for what the future holds. You can download a copy via link below and reach out to us directly for the full report and more detail discussion:
https://www.mingzulu.com/mega-trends-research
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We identified FOUR FUTURE DYNAMICS that are creating a possible future in the FS sector and broader global economy. These dynamics will emerge as the virtual world grows in influence and emerging values dictate everyday interactions. The first dynamic we see is NEW FORMS OF VALUE & NEW FORMS OF INTERACTION, WILL REIMAGINE MONEY.
Some headlines:
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Major trends we will see build momentum in the coming years in the Middle East and beyond:
A Tokenised World: Anything can be represented as a discrete digital token. The emerging applications could lead to new assets serving as payment instruments, changing how we conceive of personal property and delivering greater financial flexibility.
Programmable Money: APIs, smart contracts and artificial intelligence will combine to enable business logic typically executed before or after the payment to be coded into the payment itself.
Virtual Hubs: Next-gen digital wallets will be vital in managing our identities and assets, including a wide variety of tokenized valuables. They will feature prominently throughout our daily lives, enabling access to services and payments in any environment.
Data as Currency: Data will become a token that will be used as a utility or a means of exchange that will need to valued and will operate as a new form of currency.
Source | Mingzulu | Foresights, Insights & Analytics
