Fidelity's Richards: Financial system set to be 'radically reengineered' by technology

Speaking at City Week 2022

The financial system is rapidly adopting “radically transformative” technology but not without issues, according to Anne Richards, CEO of Fidelity International.

Speaking on a panel at London's City Week conference on Wednesday 27 April, Richards said there were still some key questions when looking to digital transformation in finance services. "First of all, are we genuinely getting less correlated sources of return from some of these new asset classes which are emerging, and how do we take advantage of technology which allows us to make really illiquid stuff more liquid, for example, through tokenization of big real assets?" "And how do we take advantage and build portfolios around them for things which take intangible assets and make them ...