Breaking Banks Europe

Breaking Banks Europe

Episode 228: The Bankers’ BookShelf – Banking in 2035: three possible futures

May 14, 2024

In a dynamic conversation on the Bankers’ Bookshelf podcast, Paolo Sironi and Edwin Saliba from Economist Impact delve into the future of banking through qualitative scenarios and quantitative data. They explore Economist Impact’s report “Banking in 2035: Three Possible Futures,” outlining five Mega Trends shaping banking, including digital transformation and economic fragmentation. The discussion focuses on three potential scenarios: trust-building in a transformed banking sector, collective action on climate change, and navigating a fragmented world. Each scenario presents unique challenges and opportunities, from rebuilding trust through digitalization to addressing cybersecurity risks. Despite banking executives’ cautious optimism, there’s a gap between awareness and action, highlighting the need for proactive strategies to prepare for an uncertain future. The podcast concludes with a glimpse into future episodes, promising continued exploration of critical topics in banking and fintech.

About our guest:

Edwin Saliba has more than 10 years of experience working with governments, UN agencies, and the private sector on solving pressing public policy challenges. His interests lie in the areas of climate change, technology, and public finance. Edwin completed his undergraduate studies in Economics at the American University of Beirut, and graduated with an MPA from Columbia University. He is originally from Lebanon, and currently lives in New Jersey, US. In his free time, Edwin enjoys volunteering, reading, and outdoors activities, among many other hobbies.