Emmanuel Daniel, founder of TAP International and author of "The Great Transition," explores the fascinating connections between ancient snake mythologies, humanity's quest for immortality, and the rise of artificial intelligence in the financial industry.
• Mythologies across cultures show humanity's aspiration for godlike powers and immortality, with snakes symbolizing renewal without true immortality
• AI represents our latest attempt to achieve godlike status but may contain built-in limitations that prevent humanity from self-destruction
• Different governance approaches exist globally: European principles-based systems versus American rules-based frameworks
• AI fundamentally transforms financial services by enabling unprecedented disintermediation between institutions and customers
• Banks must redefine their intermediation role as agentic AI allows end users to build their own interfaces
• Back-office operations are being dramatically simplified, reducing technology's status as a competitive differentiator
• Financial institutions should prioritize adapting to AI's core impacts rather than just resisting disruption
For more information, visit Emmanuel Daniel's blog at emmanueldaniel.com
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Koen Vanderhoydonk
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