Talking shops should do more than simply gloomily prognosticate or ardently cheer, even for financial technology. The Bank of England’s Andy Haldane and Deutsche Bank’s boss, John Cryan, are among 53 luminaries backing a new forum to debate financial technology.
Data abuse is a concern, as they note in a paper published by the World Economic Forum. They also want new standards to stay ahead of the game. But the biggest risk is how fast and obscurely money can move. Monitoring that should be the new forum’s main task.
