The future monetary system is already here

Through the BIS Innovation Lab, central banks have been busy thinking through and piloting how the new monetary and financial system could work. — Bloomberg

CHATGPT is touted as the tech breakthrough that may revolutionise daily operations, raising productivity and ushering the world into a new era.

However, a series of technological innovations, beginning with fintech or the digitisation of financial services, including blockchain and the arrival of cyber-currencies, is gradually but surely transforming the financial landscape.