Once Upon a Time

Things were boring in the BFSI world. That meant that everything was going well, like clockwork. Institutions, markets, regulations and even customer-habits had taken a rigid and predictable texture. But just when one thinks something is set in stone, explosions wake, and shake, up the industry. As soon as the word ‘technology’ unleashed its power and potential in this space, nothing was familiar anymore. In a big spin to the fundamental structures of finance and money systems, everything became strange and new. Democracy took centre-stage and decentralization grabbed a stronghold on many long-standing financial edifices. AI and Blockchain redefined everything about how money is created, logged, locked, passed on, earned and speculated over. Fin-tech became a reality that came in a harsh torrent of new start-ups and disruptors.s