The current financial system is by no means perfect, but it’s hard to argue against its success in overseeing one of the most significant periods of economic growth in human history.
The thinking underpinning this was simple: nations interconnected through trade and finance were less likely to engage in conflict with each other. However, the world has moved on significantly since the second world war, including a global population that has more than tripled to almost eight billion today — a population that is more globally spread and mobile than ever. With rising inequality and worsening climate change, we are at a civilisational inflection point. Financial services need to innovate and evolve to be at the heart of solving these challenges.
