gt briefing april 2015 the future of money
TRANSCRIPT
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GT BRIEFING APRIL 2015: THE FUTURE OF MONEY
www.globaltrends.com
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InformaGon is power but money certainly is too!
Photo credit: hBp://www.arealchange.com/blog/creaDng-‐informaDon-‐products-‐steps
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The BRICS rising economic strength is reshaping the global economic – and monetary – order
New Development Bank (NDB) headquartered in Shanghai was
founded by the five BRICS countries in July, 2014 as an
alternaGve to IMF and The World Bank
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The power of the Chinese renminbi is rising
Customer iniGated and insGtuGonal payments. Inbound + outbound traffic. Based on value.
January 2014 January 2015 38.75%
33.52% 9.37%
2.50% 1.80% 1.75% 1.39% 1.38% 1.09% 0.98%
#1 USD #2 EUR #3 GBP #4 JPY #5 CAD #6 AUD #7 CNY #8 CHF #9 HKD #10 THB
43.41% 28.75%
8.24% 2.79% 2.06% 1.91% 1.91% 1.74% 1.28% 0.98%
#1 USD #2 EUR #3 GBP #4 JPY #5CNY #6 CAD #7 CHF #8 AUD #9 HKD #10 THB
Source: SWIFT Watch
December 2013 The renminbi (RMB) overtook the Euro to become the second most-‐
used currency in global trade finance (currency by value for documentary credit) aaer the U.S. dollar
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Will the US$ lose its power as reserve currency?
? ?
OR RESERVE CURRENCY
?
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TradiGonal banking is under pressure and industry boundaries are blurring
Kickstarter
Upstart
My ideal city Bogotá
Invested.in Appbackr
Quirky
Crowdrise
RocketHub
Crowdfunder
Indiegogo
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The P2P lending industry is increasingly popular with the risk of changing from “peer-‐to-‐peer lending” to
“marketplace lending”
Lately banks and P2P companies have started entering partnerships, e.g. UK Santander and
Royal Bank of Scotland with P2P companies.
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A new era of invesGng is on the rise but there is sGll a long way to go
In 2014, US$46 billion of assets were classified as
impact investment under management, up 20% from 2013
US$210 trillion is invested in global financial markets
Source: Spotlight on the Market -‐ The Impact Investor Survey
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Modern bartering is flourishing across the world
Trade what you have…
Get what you want.
HONDA
haymarket
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From mobile to wearable payment, contactless payment is here to stay
More than two-‐thirds of US smartphone owners say they prefer to use a wearable device over a mobile phone to make in-‐
store payments. (Source: emarketer, December 2014)
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Paper money is sGll here but who knows: Perhaps one day money will be digital only!
TOP 5 CRYPTO CURRENCIES BY MARKET CAP (US$)
1. Bitcoin $ 3,625,544,073 2. Ripple $ 328,766,570 3. Litecoin $ 66,121,296 4. BitShares $ 20,586,980 5. Darkcoin $ 17,255,542
MORE THAN 500 CRYPTO CURRENCIES ALREADY EXIST
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Physical banking may (not quite) be a thing of the past – but it will be increasingly driven by technology
Photo credit: hBp://www.robertsoncooper.com/good-‐daily-‐banking-‐arDcle/1214-‐japanese-‐bank-‐employs-‐humanoid-‐robot-‐staff
Photo credit: hBp://www.balanceinc.com/porgolio/diebold-‐branch-‐of-‐the-‐future.html
The new employee Japan’s biggest bank Mitsubishi UFJ
Financial Group has employed ‘Nao,’ a mulDlingual 5.4-‐kg humanoid robot, to deal with customers. Nao will start working on a trial basis in two branches from April 2015.
Diebold’s self-‐contained banking Here customers can interact with a very human-‐like avatar to perform different transacDons. If they get frustrated with
the avatar, soaware can detect a problem and switch the customer over to
a real person.
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How will the changing landscape of money
impact your organizaGon and industry?
Read the full briefing: The Future of money
hnp://www.globaltrends.com/monthly-‐briefings/60-‐monthly-‐briefings/222-‐gt-‐briefing-‐april-‐2015-‐the-‐future-‐of-‐money
In March, look out for trends in acGon on Managing the next
generaGons at work
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This presentaGon is adapted from the GT Briefing April 2015: The future of Money. Electronic copies of the briefing and of our The Global Trends Fieldbook: From Data to Insights to AcGon are available on www.globaltrends.com, and printed copies of The Global Trends Fieldbook and The Global Trends Report can be purchased on Amazon.com and Amazon’s European sites. Don’t forget to register at www.globaltrends.com now to make sure you don’t miss our next monthly briefing (they are free)!