The era of exponential banking

Banking in 2020: exponential technologies in financial Services. This point of view outlines GFT's vision for leveraging exponential technologies as key enablers of growth for financial services organisations through the generation of new business models.

Exponential banking is a natural evolution of increasingly rapid digitalisation in the financial services industry, and is itself powered by the exponential growth in technology over the past half-century. This technological growth is embodied by Moore’s Law, but while the initial application of Moore’s Law was primarily concerned with the size and power of hardware, it has now evolved to include mobile computing, the cloud, artificial intelligence, the Internet of Things, augmented and virtual reality, and other fields in which more and more information is available for processing at greater and greater speeds.

This is the arena in which banks can most broadly benefit from exponential technologies – delivering more personalised and more customised products and services to more customers (and prospective customers) at the most appropriate time with the least time lag between concept and availability.

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