Central Banks in the Age of Blockchain
SummaryMany global central banks are independently exploring distributed ledger technology for use within their financial systems. The Forum’s shared platform streamlines and enhances the...
Building a more efficient, resilient and equitable international financial system that protects customers, enabling saving and investment for growth while supporting the creation of jobs and enterprises.
Financial and monetary systems represent the cornerstone of economic activity. Over the past decade, important steps have been taken to strengthen system resilience. At the same time, a rapid transformation of the system is defining new economic poles, driving power away from public institutions to non-state actors, and accelerating technological disruption, with significant implications for existing and future value chains and employment. Demographic shifts and political polarization are also significantly influencing the system.
Our Platform provides an impartial and trusted space for stakeholders to connect, identify shared needs and collaborate to navigate challenges faced by the financial services industry.
SummaryMany global central banks are independently exploring distributed ledger technology for use within their financial systems. The Forum’s shared platform streamlines and enhances the...
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 ...
Climate change is not only a systemic risk to the banking sector, but also an opportunity. Banks are critical in financing the transition to a low-carbon economy, play an important role i...
As technology develops at an accelerated pace, cognitive abilities and tasks that were once thought to be reserved for humans are increasingly being automated. There is a window of opport...
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 application of emerging technologies such as AI, cloud, blockchain, and IOT in financial services has already begun to have a transformative impact – altering the operating structure ...
The world has entered a new phase of demographic development: people are living longer and healthier lives. Government pension schemes are generally ill-equipped to manage this change, an...
Established by the UN Secretary General, António Guterres, the Task Force on Digital Financing of the SDGs is mandated to identify how digitalization will reshape finance and to identify,...
As China’s financial services system continues to evolve and grow, private and public leaders have the opportunity to shape its future to ensure efficiency and resilience. The Forum is co...
Illicit proceeds from criminal activity are estimated to account for 2-5% of global GDP (around $2 trillion USD), yet less than 1% is ever seized or frozen by law enforcement agencies – t...
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 Forum’s Global Future Council (GFC) on Financial and Monetary Systems takes stock on how the global financial system has evolved since the previous GFC published its visionary documen...
As previously explored by the Future of AI in Financial Services research at the World Economic Forum, artificial intelligence is fundamentally changing the physics of financial services....
The World Economic Forum aims to harness the power of entrepreneurship in the global public interest to improve the state of the world. This report summarizes insights generated by a dive...
This report explores an emerging set of technologies known as "privacy enhancing techniques" (PETs), and their ability to unlock new value in the financial services industry by facilitati...
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...
Financial inclusion is at a turning point. Due to advances in technology, the unprecedented advent of transactional and behavioral big data and greater multistakeholder collaboration, the...
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...
Disruptive innovation in financial services: A blueprint for digital identity – a report from the World Economic Forum
The transformation of the financial services industry is top-of-mind for everyone in the field and blockchain might be the hottest topic in the rapidly changing world of Fintech. But how ...
