Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

The future of banking: Decentralized financial systems and beyond

Author(s): John Parker

The landscape of banking and finance is undergoing a profound transformation driven by technological advancements and evolving consumer preferences. Traditional centralized banking systems are facing challenges from decentralized financial systems (DeFi) built on blockchain technology. This article explores the future of banking, examining the rise of DeFi, its impact on financial services, regulatory considerations, and the potential evolution of banking beyond current paradigms

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