Axel Weber, Chairman of the IIF and UBS Group AG, discusses the future of the financial services industry. We discuss how the pandemic has accelerated the process of digitalization throughout the industry and across society, and Axel relates how this has impacted on the ways that UBS engages with its clients.

We discuss how the industry’s economics are shifting, the rise of tech platforms and the growing importance of technologies such as cloud and artificial intelligence. Axel also highlights the need for global collaboration on data rules, as well as greater market integration, and the important roles that regulators and central bankers play in supporting stability amidst such a dynamic environment.