Ep. 73: The Great (Digital) Transition in Banking
Emmanuel Daniel
Author and Founder
Asian Banker
On This Episode
Emmanuel Daniel, author and founder of the Asian Banker, has been a longtime advocate for the financial world. On the podcast, he shared some of his insight into the future of finance and recent developments in the market.
Daniel has a front-row seat in the development of Asia’s financial markets, and recently released a book titled The Great Transition. This book highlights many aspects of the financial world, specifically the transition from traditional finance to digital banking and crypto.
Digital banking has become a leader in financial services, and technology is the driving cause. New technologies have made banking more personalized and given users more power in their financial lives. Now, nearly 2.8 million people have some form of a digital wallet. The relationship between users and banks is growing by allowing users to take control of their finances.
Trust is essential for financial relationships, and Daniel noted that digital America is still learning to trust digital banking. People can be hesitant to hand over their personal data to financial platforms and confused about the concept of cryptocurrencies, but the future of finance is here and it’s digital.
“The world is moving towards greater personalization where the individual has greater control over the data he has and because of technology like blockchain and so on, he gets to interact with whoever he wants,” said Daniel.
In the future, Daniel is excited to see where future innovations will take us and how they will play into the next financial crisis. Due to how digital the market is now, businesses are more united and can have investments anywhere in the world. The financial world is more networked than in previous years, making the next financial crisis more interconnected as well.
Listen to this podcast episode to learn more about financial innovations with Hunter and Emmanuel.
More About Emmanuel
Emmanuel Daniel is a global thought leader in the future of finance. He is an entrepreneur, writer, and listed as a top 10 global influencer in the “Fintech Power50” list for 2021 and 2022. Much of Emmanuel’s writing covers the future of finance, with a special focus on how cryptocurrencies, blockchain, gaming, and other technologies are opening the doors to new transactional opportunities. Emmanuel travels widely and has visited more than 100 countries and is working on his next book tentatively titled “The Winning Civilization.” As an entrepreneur, he was previously a member of the Entrepreneurs Organization (EO), a prestigious grouping of young business owners worldwide. Emmanuel was trained as a lawyer, has degrees from the National University of Singapore and the University of London, and attended a course on economics at Columbia University in New York. He travels widely and divides his time between Singapore, Beijing, and New York.
