Topic: Technology and innovation

As public awareness of Web 3.0, the metaverse and other associated technologies increases, there is further pressure on governments, businesses and regulatory bodies to keep abreast of both the possibilities and the risks of these new worlds. In light of this, the European Commission (the Commission) is looking even further ahead than Web 3.0 and recently published a communication entitled “An EU initiative on Web 4.0 and virtual worlds: a head start in the next technological transition”.

As digital banks gain global momentum, traditional banks face challenges from these new players that offer simple, user-friendly products, data-driven interactions, and quick loan approvals, often eliminating fees and commissions. With its tech-savvy population, Turkey is no exception to the worldwide shift in customer preferences toward digital platforms.

In this blogpost we summarise a recent interview with Jens Hachmeister, Managing Director, Issuer Services and New Digital Markets, Deutsche Börse Group, in relation to the D7 platform.