Hardtalk : What could be the role of banks?

Check out our interview with Bo Harald, Independent Advisor, Entrepreneur, ex Executive Vice-President of Nordea and Head of Executive Advisors Tieto, Helsinki Finland

 

 

Some see a bleak future for banks if they do not become a central player in the digital economy. They should orchestrate sharing of data, become a provider of identity and leverage their position as centre of trust. 

Others think that banks should stick to what they are best at: namely banking ! (and issuing loans, managing risks, providing reliable/trusted payment services) and that they will lose any fight to compete with digital natives and GAFA/BATX. 

Should banks embrace and shape the digital economy or will they inevitably become just dumb data pipes for others or should they stick to what they do best and build on that? 

Watch this Hard Talk to find out!