The future of value: Rethinking banking in an era beyond money

As money unbundles from traditional forms and extends beyond currency, the discussion within banking transitions from the future of money to the future of value. This requires banks and credit unions to evolve business models from being the providers of monetary-based products to orchestrators of multi-dimensional exchanges of value.

For decades, discussions of the future of banking and finance have centered on money — how it may be digitized, dematerialized and disrupted. But money itself is now being unbundled from its traditional forms, prompting a more profound shift in perspective. As banking becomes embedded into broader non-financial ecosystems, the relevant lens is no longer just about money, but the exchange of value.

This requires rethinking the actual exchange process and the role of financial institutions. In the future, banks and credit unions must evolve from being providers of traditional financial products to facilitators of value transfer. This transition requires rethinking exchange fundamentally. When exchange was equated with money, the focus was on payments. In a world beyond money, exchange is not just about payment but about enabling value creation on a personalized level.

“The infrastructure we build must move beyond handling only money to being able to handle concepts such as privacy, data, control and consent at speed and scale since there is a value in time and simplicity.” — Ghela Boskovich, Financial Data and Technology Association

Future components of value

The nature of value is transforming in the digital era. Technologies are enabling new forms of value creation and exchange, while shifting social values demand more equitable and sustainable approaches. This prompts fundamental questions about how we conceive of, create and share value across interconnected systems.


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