The Future of Banking: Digital, Embedded, Decentralized

Banking is being transformed by technology on three fronts. Digital banking moves services from branches to apps. Embedded banking puts financial services inside non financial products.

Decentralized finance challenges banks entirely using blockchain. Central bank digital currencies could reshape the entire financial system. The bank branch is becoming obsolete.

Cash is declining. Smartphones are replacing wallets. The changes raise fundamental questions: Will banks remain relevant? Will central banks provide accounts directly to citizens? Will cryptocurrency replace fiat money? The next decade will reshape banking more than any since the Renaissance..