DCA Digital Digest

DCA Digital Digest: The Biggest Technology Trends That Will Disrupt Banking in 2020

1. The Biggest Technology Trends That Will Disrupt Banking in 2020

The rapidly changing technology landscape, led by the global rollout of 5G networks, will impact every component of the banking industry. 5G will open the door for exciting use cases and cross-industry collaborations only dreamed of in the past. These new use cases will change business models, provide the platform for innovation, and create the opportunity for monetization.

2. Research: How Technology Could Promote Growth in 6 African Countries

Africa is closely watched as the next big growth market – a description that has persisted for a while. There are many reasons for optimism: the African continent is home to some of the youngest populations in the world, it promises to be a major consumption market over the next three decades, and it is increasingly mobile phone-enabled. An emerging digital ecosystem is particularly crucial as multiplier of that growth, because access to smart phones and other devices enhances consumer information, networking, job-creating resources, and even financial inclusion.

3. Africa Could Power a Green Revolution

However, from off-grid solar home systems to utility-scale solar and wind, the potential for major advances in the use of renewable energy is also growing rapidly on the African continent. With stepped-up adoption of these technologies, African countries could contribute significantly to mitigating the global climate crisis. This would also reduce the ongoing damage to the health of their citizens, whether from kerosene lamps in rural areas, gasoline generators to backup unreliable power grids, or massive coal pollution in South Africa.

4. Putting tech in its place: controls and human values that underpin tech must be saved

Given the growing digitisation of human relations, and people’s seeming inability to ‘opt out’ of this new digital ecosystem, there is much talk about ‘putting tech in its place’. The current debate is about how to ensure that the human safeguards, controls and values that underpin the tech are not lost.

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