The Future of Banking

Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from these rules, in consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it. — Adam Smith, Wealth of Nations (1776)

Introduction

The Futility of Time

Hypothetical Illustration By : Abhishek Kothari

The Future Could be Quantum

Creating an Online Avataar

User Interface (U/X)

User Servicing

Automation of Processing

The challenge however is how do you build trust in technology?

Evolution of the Contract

A rule based system can be parsed through smart contracts.

Key Differentiators

Conclusion

Imagination is a very powerful prediction model which cannot be captured by numbers. However, it can create a very fascinating and human future. A future that I want everyone to have a front row seat to.

Writer @ The Intersection of Finance, Tech & Humanity. Stories of a Global Language: “Money”. Contributor @ Startup Grind, HackerNoon, HBR. Twitter@akothari_mba

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