In some areas of the world, particularly in the emerging countries of Asia, the economic development and the improvement in living conditions have been extraordinary.
The question of whether digitalisation will lead to a revolution in financial services and infrastructure, as some commentators argue, remains unanswered for the time being, in my view. However, one certainly can’t deny that new technologies like blockchain, robo advisors or crowd funding could have the potential to make financial markets and services faster, more efficient, more convenient, and more inexpensive for everyone.