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The transition will not be seamless. Many institutions will fail or go out of business entirely amid this upheaval, as the old systems are replaced or rendered obsolete by more innovative, decentralized solutions. The competitive landscape will be reshaped, and resilience and adaptability will determine which players thrive.
Final Reflection: A Future of Transformation and Innovation
The overarching theme underscores that the future of banking is intertwined with technological evolution. The boundaries between traditional finance and software engineering will blur, creating a landscape where some banks become key facilitators of decentralized currencies and blockchain-based assets.