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Bullion

Keywords

Technology innovations, Financial services industry, Financial innovations, Financial systems

Abstract

This article explores the future of the financial services industry in the context of new technologies. Technological innovations were reviewed and likely implications for the industry were highlighted. The article suggests that a symbiotic relationship among new and incumbent financial services providers will benefit the industry. Since technology is re-defining the financial services industry and the global financial system as undergone transformation in the last couple of decades.

Author Bio

The author is a staff of Banking and payment systems Department, Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

3

Volume

40

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