Throughout history, the banking industry has always been vulnerable to a range of risks, but somehow, it has been able to survive for over three thousand years. But now, traditional banking is increasingly under threat from geopolitical uncertainty and, most significantly, from the advent of new technologies, including artificial intelligence and Bitcoin. As a result, behemoths like Deutsche Bank are now undergoing efforts to radically transform their business model.
New technologies, may have already profoundly disrupted existing banking and financial systems. Some banks are taking drastic steps to ensure that they survive by trying to catch up on innovation.