A report from World Economic Forum and Deloitte
The adoption of emerging technologies across the global financial services ecosystem continues to drive considerable benefits for institutions and consumers. However, it also introduces new risks, some of which may threaten the stability of the financial system if not properly identified and managed.
To better understand these risks and identify approaches to address and mitigate them, the World Economic Forum and Deloitte launched the Technology, Innovation and Systemic Risk initiative. In 2022, the initiative published its first report, Beneath the Surface: Technology-driven systemic risk and the continued need for innovation. This report raised new questions about the sectoral and regional conditions under which risk can originate and spread across the ecosystem, and the targeted mitigation solutions that warrant further exploration.
In this new study, Pushing through undercurrents, we explore the implications of technology-driven risk originating in five sectors (banking, capital markets, payments, insurance and investment management), and investigate the regional implications of critical cross-sector risks.
The outcomes…
