German Gref presented two scenarios for the future of the banking system

The head of Sberbank, German Gref, suggested two possible scenarios for the development of the banking future - either the presence of a Central Bank with a digital ruble and artificial intelligence, or banks with artificial intelligence and a digital ruble, but without a Central Bank, he announced this at the Moscow startup summit.

Commenting on the opinion expressed during the event about the likelihood of having in the future only a Central Bank with a digital ruble and AI, Gref suggested that there are two options.

“Either there will be a Central Bank with a digital ruble and artificial intelligence, or there will be only banks without a Central Bank with artificial intelligence and a digital ruble, but something will happen,” he noted.

Gref also emphasized that banking in its classical form will not survive for long. “What we see today is that banking has very few functions left,” explained the head of the credit institution.