How do you think AI will influence the world of finance over the next 10 years?
Jean-Pierre Faber: “The transformation of banks’ business models continues, with increasing automation of internal processes and customer interactions, as well as greater personalization of services. The integration of decision support tools for eco-responsible investments and real-time fraud detection will be essential, meeting customers’ expectations of transparency and security. In this context, it also becomes crucial to educate and train the younger generation on the risks of adopting AI in financial services. Indeed, a better understanding of the technological and ethical issues associated with algorithms will strengthen their ability to identify potential biases and adopt informed use of financial tools. Clients will be able to leverage predictive analytics tools to optimize their investment portfolios, while integrating increasingly complex compliance and regulatory requirements. Transparency and the fight against algorithmic bias will play a major role: banks are committed to guaranteeing non-discrimination through regular audits of their algorithms and monitoring protocols which allow their intelligent systems to be constantly adjusted. Thus, responsible innovation and the ethics of artificial intelligence, supported by targeted education among young people, will become the pillars of the bank of the future, aiming to strengthen customer trust and offer a smoother and more flexible experience. secure.
How will environmental and social criteria influence investments and financial decisions by 2035?
“ESG criteria are becoming essential to direct investors towards companies engaged in decarbonization and sustainable energy projects. Green finance will continue to support innovation in European economies, helping companies adapt their business models to the standards imposed by regulators and investors engaged with countries signatories to agreements such as COP21. In this context, European private investors will play a decisive role. They will be able to take advantage of the opportunities offered by ESG-compliant investments, reaping both the financial benefits and the positive impact of these investments. Their capital directed towards sustainable initiatives will strengthen energy transition efforts in Europe and the rest of the world. The transition to a low-carbon economy and the development of sustainable finance will be essential to meeting the climate challenge. Rating agencies and banks, by assessing the climate resilience of companies, will directly influence investment choices and encourage responsible business practices, thereby contributing to a more resilient and sustainable economy.
Which emerging markets could experience significant growth and attract investors in the coming years?
“Southeast Asia is becoming an alternative manufacturing hub thanks to a growing middle class, supporting the electronics, automotive and textile sectors through incentive policies. In sub-Saharan Africa, fintech and digital payments are revolutionizing financial inclusion and boosting entrepreneurship, requiring investments in road and technology infrastructure. India, which is establishing itself as an alternative to China, attracts investors in green energies and technologies thanks to attractive conditions. The Middle East is diversifying into tourism, renewable energy and advanced technologies to reduce its dependence on oil. Europe, facing difficulties, is losing its global competitiveness to the benefit of emerging economies which are quickly adapting to international capital flows. The dynamism of these regions contrasts with the challenges facing Europe.”
This article was originally written in and translated and edited for the Paperjam website in English.