Future of Banking 5.0

Bernardo Nicoletti ()
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Bernardo Nicoletti: Temple University

Chapter Chapter 15 in Banking 5.0, 2021, pp 431-458 from Palgrave Macmillan

Abstract: Abstract This chapter explores the future of banking 5.0. It underlines the characteristics and the perspective of new banking models that are appearing on the horizon. The short-term future of financial institutions will be banking 5.0. Once the banking 5.0 approach is adopted, changes should become the organization’s permanent mode for all the business model components. Fintech organizations can change the banking scenario in the next few years. A collaboration, or even better, a partnership of traditional financial institutions and fintech organizations, could be more successful. Apart from fintech organizations, bigtech organizations, such as Amazon or Google, are potentially a significant threat to traditional financial institutions. This chapter dedicates attention also to the multi-sided platforms and their connection with banking 5.0.

Keywords: Banking future; Fintech organization; Bigtech; Fintech organization; Regtech organization; Green banking; Sustainable banking; Green public (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-3-030-75871-4_15

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DOI: 10.1007/978-3-030-75871-4_15

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