Economist & SAS - Banking in 2035

This report, written by Economist Impact and sponsored by SAS, explores the potential future of banking in 2035. It presents three possible scenarios for the industry, each of which is based on different combinations of trends such as digitalisation, the shift away from fossil fuels, and geopolitical fragmentation. The report also discusses challenges and opportunities that banks may face in the coming years, including those related to the climate crisis, economic inequality, political instability, and technology ethics. To develop this report, Economist Impact conducted extensive desk research and interviewed experts in the field, including Tobias Adrian, financial counsellor and director at the IMF, and Chady El-Khoury, deputy-unit chief at the Financial Integrity Group. While the report does not provide a definitive prediction of what the future of banking will look like, it aims to help banks prepare for potential challenges and opportunities by illuminating how they can evolve their mission and business models to deliver value to customers, shareholders, communities, and the natural environment. It is important to note that while every effort has been taken to verify the accuracy of the information in this report, Economist Impact cannot accept any responsibility or liability for reliance by any person on this report or any of the information, opinions, or conclusions set out in this report.