GT Briefing April 2015 The future of Money

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GT BRIEFING APRIL 2015: THE FUTURE OF MONEY

www.globaltrends.com


InformaGon is power but money certainly is too!

Photo credit: hBp://www.arealchange.com/blog/creaDng-‐informaDon-‐products-‐steps


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


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


Will the US$ lose its power as reserve currency?

? ?

OR RESERVE CURRENCY

?


TradiGonal banking is under pressure and industry boundaries are blurring

Kickstarter

Upstart

My ideal city Bogotá

Invested.in Appbackr

Quirky

Crowdrise

RocketHub

Crowdfunder

Indiegogo


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.


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


Modern bartering is flourishing across the world

Trade what you have…

Get what you want.

HONDA

haymarket


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)


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


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.


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


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)!

GT Briefing April 2015 The future of Money

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