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.    Nobody can stand up as a soothsayer to the future with certainty, but its certainly a lot of fun having a go and being part of the movement to shape a better future!

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

DYNAMIC 4: CONNECTED FINANCE - FINANCIAL SERVICES BECOMES A FACILITATION OF ECOSYSTEMS

Source: Unsplash

Some headlines:

• 2 Million: Open data employees in Europe by 2025.
  
• 50%: Of users globally in 2027 will use a super app on a daily basis.
  
• $10 Billion: Held in Decentralised Autonomous Organisation (DAO) Treasuries in 2022.
  
• $135.2 Billion: Global Market value of Open Banking (2024).

Major #CONNECTEDFINANCE trends we will see build momentum in the coming years in the Middle East and beyond:

Open Data: 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.

Community Banking: 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.

Super Apps: Next-gen digital wallets will be vital in managing our identities and assets, including a wide variety of tokenised valuables. They will feature prominently throughout our daily lives, enabling access to services and payments in any environment.

Finance As An Orchestrator: 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.

.......and in conclusion what do these four dynamics really mean?  They give us signals on what exists today and the future horizons.

1. The themes identified and the exponential growth of technology will transform all aspects of financial services.
2. We will transition towards a fully interactive and inclusive smart economy, without borders, giving us access to finance in not only the real world, but across vast virtual spaces.
3. Finance will supercharge industry and be at the heart of every service, bringing with it a new way to live and work, which will transform every aspect of life.

Source: #Mingzulu | Foresights, Insights & Analytics

Which in turn bring the industry a new set of focus areas over the coming 5+ years:

Source: #Mingzulu | Foresights, Insights & Analytics

And creates massive opportunities for those who are prepared to embrace the change.   Those who evolve will thrive in this evolution of financial services, new skills access and learning will continue to be a challenge for the industry - but one that we should all embrace to stay relevant.

Source: #Mingzulu | Foresights, Insights & Analytics