{"id":8865,"date":"2018-03-07T08:00:09","date_gmt":"2018-03-07T08:00:09","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=8865"},"modified":"2018-03-07T06:33:01","modified_gmt":"2018-03-07T06:33:01","slug":"experts-believe-retail-banking-will-move-completely-online-within-20-years","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/experts-believe-retail-banking-will-move-completely-online-within-20-years\/","title":{"rendered":"Experts believe retail banking will move completely online within 20 years"},"content":{"rendered":"<p>The results of a recent survey conducted in Russia show that a majority (75%) of independent experts and banking association members believe that all retail banking will move to the medium of online space within a period of 20 years, with 33% believing that this will happen within the next 5-10 years. The survey also found 63% of respondents believe that the growth of person-to-person (P2) transactions and the displacement of credit institutions from monetary circulation will significantly impact banking business in the future, with a further 12% holding that it will only have a slight impact. Furthermore, 83% believe that artificial intelligence with have an important role in the future of banking, while 17% believe it will only be moderately important.<\/p>\n<p>Interestingly, the survey was inconclusive on the fate of cryptocurrencies, with many respondents stating that strong volatility and problems with legalization in many countries leaves its future uncertain.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-8865 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Russia creates the first blockchain consortium'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/russia-creates-the-first-blockchain-consortium\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/12\/0ed7ad9c5e8f486863a57d216063fbd5-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-7388\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7388'>\n\t\t\t\tRussia creates the first blockchain consortium\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 17th \u2013 24th April'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-17th-24th-april\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/04\/9c820685-3efc-43bf-9e5e-114e68b2474e-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14824\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14824'>\n\t\t\t\tBFC FinTech Monitor 17th \u2013 24th April\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Banks need to develop their own mobile wallets'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banks-need-to-develop-their-own-mobile-wallets\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Banks-need-to-develop-their-own-mobile-wallets-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-6804\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Banks-need-to-develop-their-own-mobile-wallets-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Banks-need-to-develop-their-own-mobile-wallets-100x100.jpg 100w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-6804'>\n\t\t\t\tBanks need to develop their own mobile wallets\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The results of a recent survey conducted in Russia show that a majority (75%) of independent experts and banking association members believe that all retail banking will move to the medium of online space within a period of 20 years, with 33% believing that this will happen within the next 5-10 years. The survey also &hellip;<\/p>\n","protected":false},"author":5,"featured_media":8866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,12],"tags":[35,49],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8865"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=8865"}],"version-history":[{"count":4,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8865\/revisions"}],"predecessor-version":[{"id":9014,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8865\/revisions\/9014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/8866"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=8865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=8865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=8865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}