The prediction was made by futurist Rohit Talwar, who was the keynote speaker at the 2021 Guernsey Funds Forum in London, which was the first in-person, funds-focused event Guernsey Finance has staged since the pandemic began.
‘We’re probably going to see more innovation in the next decade than in the entire history of humanity,’ said Mr Talwar at the forum that was titled ‘Building Tomorrow’.
Financial services were already benefiting, he said: ‘We’re seeing a massive amount going on in the funds space [some companies] are using machine learning to look at 100,000 past deals and using robots in the decision-making process.’
Mr Talwar, who is chief executive officer of Fast Future, also said that Bitcoin had been the best performing financial asset every year since it launched in 2009 and noted the importance of blockchain in meeting the demand for visibility, security and transparency in cryptocurrencies.
Guernsey Finance chief executive Rupert Pleasant said: ‘It is these very times that highlight the role that Guernsey plays, offering stability, substance and flexibility in a world where, as Rohit described, those who are not changing fast enough will become obsolete.
‘Guernsey has always been at the forefront of innovation in financial services.
‘The island launched the first-ever commercial deployment of blockchain technology for the private equity market, which addressed the needs of investors seeking greater transparency, security and efficiency. It’s clear that innovation, people, power and ability to move at speed are important to emerge from the pandemic and build tomorrow.’