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What Will Banking Look Like in 2030?
October 4, 2022 , 2:00 pm EDT – 3:00 pm EDT
Some policymakers believe that Web3, a blockchain-based option for the Worldwide Web, will replace fintech as the next “new thing” in financial services. Web3 has the potential to enhance consumer privacy and counter the power of “Big Tech” firms to dominate internet activity. Built on “permissioned blockchain” technology, Web3 enables consumers to transact without middlemen while ensuring that ownership of data remains with consumers. By giving consumers more control over how their personal data is collected, used, and shared, Web3 could reset the relationship between consumers and financial institutions.
While Web3 may change the retail customer experience, it will profoundly impact the business of how financial services are packaged and offered and raises questions about how to strike the right balance between commercial viability and consumer protections. In a conversation between a regulator, an innovation sector thought leader, and a serial founder and CEO, learn the opportunities and challenges of Web3.
Register now to hear from a regulator, an innovation sector thought leader, and a serial founder and CEO, and learn the opportunities and challenges of Web3.
Shamir Karkal, Co-Founder and CEO of Sila
Jo Ann Barefoot, CEO and Founder of Alliance for Innovative Regulation
Donna Murphy, Deputy Comptroller for Compliance Risk Policy at the Office of the Comptroller of the Currency