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Sunday, 25 October 2026

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Banks Are Being Told to Experiment With Digital Money. Waiting Has a Cost

A Bank of Italy official has warned that banks risk falling behind if they delay experimenting with digital financial technologies. As tokenisation develops, financial institutions must balance the cost of innovation against the strategic risks of waiting too long.

By Katherine (Kay)3 min read

Milan, 24 October 2026 – Banks face a difficult strategic decision as digital financial technologies develop: invest before the market becomes established or wait until the risks are better understood.

Speaking at an international banking conference on 23 October, Bank of Italy Deputy Governor Chiara Scotti warned that institutions could lose valuable opportunities if they postpone experimentation with emerging financial infrastructure.

Her remarks highlighted technologies such as tokenisation, which could influence how financial assets and bank deposits are represented and transferred digitally.

The future of these systems remains uncertain. But that uncertainty creates a challenge of its own.

Banks must decide how much to invest in capabilities that may eventually become essential to financial services.

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Author

  • Kay like to explores the intersection of money, power, and the curious humans behind them. With a flair for storytelling and a soft spot for market drama, she brings a fresh and sharp voice to Southeast Asia’s business scene.
    Her work blends analysis with narrative, turning headlines into human stories that cut through the noise. Whether unpacking boardroom maneuvers, policy shifts, or the personalities shaping regional markets, Kay offers readers a perspective that is both insightful and relatable — always with a touch of wit.