Technological innovations present us with the opportunity to not only improve our existing processes but also to engage in activities that were previously unattainable. The banking industry has historically been at the forefront of adopting a number of these innovations, with the first commercial mainframe, for example, being procured by a bank.

In its essence, banking business remains unchanged, however, the environment around it is continuously evolving. Technology has affected the way customers engage with banks, investment opportunities, the risks faced by banks, and the relationship with employees. A growing number of individuals now have access to the financial system, new currency types have emerged, and the increasing presence of tech-based firms has introduced innovative digital solutions that significantly impact our tasks and interactions. Social awareness, ethical issues, and equality and diversity debates propelled by social media may affect banks’ reputation and their ability to attract funding at reasonable costs. Applications of artificial intelligence and machine learning in finance and related areas take advantage of abundant data easily available to some players that can become new competitors to traditional banks.

The advances in technology have made us aware of new possibilities in the near future that we would not have considered otherwise. Simply keeping abreast of all these changes is not enough for banking leaders to deal with the multiple factors influencing the sector. Understanding them and acting accordingly is essential to identify business opportunities and avoid losses for their institutions.

Reflecting on the rapid growth of technological applications in banking over the last decade raises intriguing questions about future developments. Although the future may be uncertain, those who are better equipped to navigate the potential impacts of technological innovations will likely enjoy a competitive advantage.

The Emerging Banking Leaders Programme will allow participants not only to face the above-mentioned challenges in a more efficient way but also to explore opportunities arising from new business, professional and social practices. It combines a number of different activities such as seminars with academics and guest speakers from financial firms, case studies, discussions on presented topics, networking with practitioners, as well as a visit to a financial institution. This diverse range of learning methods aims to enhance participants’ experiences and enable them to translate the insights gained into actionable strategies within their organisations.

Designed specifically for high potential talent on a fast track to a leadership position from banking and finance-related institutions, the Emerging Banking Leaders Programme is organised by the Asian Banking School in collaboration with the University of Edinburgh Business School.