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Banking in 2035: Trust, climate risks and geopolitical rivalry shape a purpose-driven industry, forecasts study

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A new SAS-sponsored study by Economist Impact predicts three potential futures for banking, examining the risks and opportunities ahead

CARY, N.C., Oct. 5, 2022 /PRNewswire/ — As disruptive forces roil today’s financial sector, banking execs are scrutinizing the evolving role of banks in the most competitive market they’ve ever faced. What does the future hold? And how can they meet the challenges ahead to forge a brighter future – both for the industry and the greater world? Such is the focus of a new future of banking study, Banking in 2035: three possible futures, by Economist Impact and sponsored by AI and analytics leader SAS.

What will #Banking in 2035 look like? SAS-sponsored study by Economist Impact explores three scenarios. #FutureofBanking

The first in a two-part study, the report presents three possible scenarios for the 2035 banking landscape. Through extensive desk research and expert interviews, Economist Impact’s analysis:

Snapshots the “megatrends” primed to resculpt the banking landscape over the next decade.Uncovers risks and opportunities presented in different combinations of trends.Highlights specific ways banks can evolve to support a more equitable, ethical and sustainable future.

In confronting quandaries like climate change, economic fragmentation, and pervasive economic and social inequities, the study is clear: Banks face a defining moment.

“The sector’s rapid evolution amidst prevailing uncertainty begs a fundamental question: What is the purpose of banks?” said Yuxin Lin, Senior Manager of Policy and Insights at Economist Impact. “How banking leaders answer this question – and the business decisions they make as a result – will redefine the entire industry.”

“Banks have the power to elevate not just our global economy but all of humankind,” said Alex Kwiatkowski, Director of Global Financial Services at SAS. “By embracing technology and innovation with intention, banks can pave a more purpose-driven path, where higher purpose and profitability go hand-in-hand. And if they don’t embrace this fully, a golden opportunity to make a genuine difference will be squandered, potentially with very serious consequences.”

Scenario 1: Can transformed banks regain public trust?
Since the 2008 financial crisis, banks have faced reputational trouble. In fact, financial services consistently ranks among the least trustworthy sectors, currently inspiring confidence in just over half (54%) of the public, according to the 2022 Edelman Trust Barometer.

Flashing forward to 2035, Scenario 1 envisions a world where banks wield digital transformation to rehabilitate their image. Banks have strengthened data privacy and cyber fraud safeguards and championed consumer-focused regulation. Greater transparency and consumer protections buoy public trust, fueling open banking and partnerships that ignite lucrative new offerings. Digital platforms frictionlessly unify every facet of customers’ financial lives in personalized, customizable ways.

“Consumer trust, built over many years, can be lost in an instant,” said Stu Bradley, Senior Vice President of Fraud and Security Intelligence at SAS. “As digitalization accelerates, it is critical that banks create hyper-personalized engagement as they address rising risks. In balancing customer experience and risk, an enterprise decisioning approach – where fraud, risk and engagement decisions integrate holistically across the customer journey – can cut costs and streamline banks’ IT infrastructures, while boosting revenue and customer retention.”

Scenario 2: Might banks catalyze cross-industry climate action and power the green transition
Addressing the climate crisis will require unprecedented global cooperation and collaboration. According to the United Nations, governments’ current commitments for reducing greenhouse gas emissions fall far short of what’s needed to limit global warming to 1.5°C above pre-industrial levels. Averting the worst impacts of climate change demands quick, decisive action.

Scenario 2 foresees a global community committed to climate action in 2035, where decarbonization is a foremost consideration across energy, infrastructure and transportation. Cities have been redesigned for energy efficiency and climate resiliency. Cost-effective renewable energy sources and green technologies are the norm.

“Climate leadership in the banking sector will drive greater cross-industry progress toward net-zero emissions by 2050 – and it starts now with better analytics, modeling and management of climate risk,” said Troy Haines, Senior Vice President and Head of Risk Research and Quantitative Solutions at SAS. “In enhancing their ability to model climate risk scenarios and understand potential impacts to their balance sheets and capital, banks can help propel the green transition and advance worldwide climate resilience.”

Scenario 3: How will banks fare in a geopolitically fragmented world?
Even as the world tries to put the worst of COVID-19 in the rearview mirror, economic and market uncertainties abound. The pandemic’s aftereffects have magnified tensions between the world’s economic superpowers while overburdening developing ones, whose populations suffer outsized consequences.

Against this backdrop, it isn’t hard to imagine Scenario 3, which depicts a geopolitically contentious world stage in 2035, colored by divergent interests and a retreat of multilateralism among the world’s economic giants. Bilateral and regional agreements have supplanted the World Trade Organization. The global financial system has been fractured by rivals’ alternative payment systems and the rise of digital currencies.

“Deglobalization, accelerated by recent global events, will likely widen the staggering societal inequalities that plague us today,” said Theodora Lau, Founder of Unconventional Ventures. “Indisputably, banking and money are at the heart of it all. Each of us has a role to play in championing a more inclusive and sustainable future with our actions of today.”

Reimagining banking for the 21st century – at Sibos and everywhere
Lau, also a renowned author, speaker and industry commentator, will join SAS’ Kwiatkowski on the Meet the Experts stage at next week’s Sibos conference in Amsterdam. The duo will delve into the study at their joint session, Embedding Generosity Into the Global Economy, on Wednesday, Oct. 12, at 12:30 p.m. CEST.

Attendees can also engage with SAS throughout the conference at Sibos Booth B115.

SAS will debut part two of this future of banking study in November. Banking in 2035: global banking survey report will explore the results of an international survey of banking industry professionals. In the meantime, learn how better insights beget better banking at SAS.com/betterbanking.

About Economist Impact
Economist Impact combines the rigor of a think-tank with the creativity of a media brand to engage a globally influential audience. We believe that evidence-based insights can open debate, broaden perspectives and catalyze progress. For more information, visit impact.economist.com.

About SAS
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2022 SAS Institute Inc. All rights reserved.

Editorial Contacts:

Danielle Bates

Julia Norton

danielle.bates@sas.com

julia.norton@sas.com

919-531-1959

919-531-4661

sas.com/news

sas.com/news

 

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SOURCE SAS

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Cognizant Propels AI Workforce Training with Cognizant Skillspring™: New Talent Transformation Platform Designed to Accelerate Clients’ Workforce AI Readiness

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New AI-native platform equips organizations to achieve AI fluency, aligns workforce capabilities with the demands of an AI-powered economy and drives outcome-based learning tailored to business objectives

Skillspring leverages Cognizant’s long-standing workforce training expertise to help enterprises address skilling as a critical AI infrastructure investment

TEANECK, N.J., April 21, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH) today unveiled Cognizant Skillspring™, a multimodal, AI-native, conversational learning platform designed to redefine learning in the AI era and help businesses cultivate AI-ready talent at scale. The platform moves beyond static courses and compliance-driven training to enable organizations to respond to rapidly changing roles, technologies and skills demands, and help learning investments translate to business outcomes.

Cognizant’s New Work New World 2026 research found AI is reshaping work far faster than anticipated, with AI now capable of handling $4.5 trillion in U.S. work tasks and impacting up to 93% of jobs today, outpacing the speed at which conventional learning systems can respond. As enterprises redesign work across human and agentic teams, skilling is becoming a core part of the AI infrastructure every organization needs – building the fluency people require to adapt as work evolves, contribute in new ways and grow into emerging roles.

Cognizant Skillspring uses AI agent-driven tutoring and content creation to deliver high-quality, personalized learning across large workforces while helping organizations manage learning and development costs more efficiently. The platform maps skills directly to roles, projects and performance outcomes, and adapts learning paths as roles and skill requirements evolve. Conversational, multimodal experiences embed learning directly into clients’ daily workflows so employees build skills while work gets done.

Internally, Cognizant Skillspring is complemented by the AI Fluency Dashboard, a personalized, real‑time view that gives every associate visibility into their AI readiness while encouraging real‑world AI usage and innovation across the enterprise. The dashboard provides Cognizant associates with insight into their AI skills, learning progress, usage and innovation – using scoring and gamification to accelerate adoption and drive stronger application of AI in day‑to‑day work. 

“The AI era requires more dynamic learning systems designed to evolve as work, roles and technologies change. Cognizant Skillspring is purpose-built for the pace and complexity of this moment, enabling continuous talent transformation in the flow of work,” said Kathy Diaz, Chief People Officer, Cognizant. “As an AI builder, Cognizant focuses on turning AI investment into real-world outcomes for our clients. Cognizant Skillspring improves time-to-competency and alignment between skills investments and business priorities – helping ensure workforces remain ready as roles and technologies continue to dynamically evolve.”

Cognizant Skillspring is also available for universities, colleges, community and workforce development partners, underscoring Cognizant’s commitment to creating pathways for talent from all backgrounds to thrive in the AI age. This effort builds on the company’s ongoing investments in skilling and workforce readiness, including Synapse, Cognizant’s global upskilling program, and the company’s White House pledge, to invest in America’s youth and AI education.

“Like all education institutions, The Marcy Lab School must evolve in order to meet the pace of change in the economy and prepare our fellows for a rapidly shifting world of work,” said Reuben Ogbonna II, Executive Director, The Marcy Lab School. “In the age of AI, nearly every workflow is being reshaped and we see this as a significant opportunity to strengthen how we prepare young adults for meaningful careers. Through Cognizant’s support and the Skillspring platform, our fellows will build job skills faster through high-quality learning aligned to the roles and projects they’ll take on at leading companies.”

Already deployed internally at Cognizant, Skillspring builds upon the company’s award-winning learning and development expertise and investments that provide a framework to upskill hundreds of thousands of Cognizant employees each year.

“Our upskilling engine combines advanced technology and digital and critical human skills, with learning programs recognized for future-forward curriculum, innovation and measurable impact,” said Thirumala Arohi, Chief Learning Officer, Cognizant. “Cognizant Skillspring brings an AI-native learning experience to businesses, community and academic ecosystems, supporting enterprise-scale workforce transformation as well as partners preparing learners for in-demand roles and evolving skill requirements.”

About Cognizant:

Cognizant (NASDAQ: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.com or @cognizant.

For more information, contact:

U.S.
Name: Bill Abelson
Email: william.abelson@cognizant.com 

Europe / APAC
Name: Sarah Douglas
Email: sarah.douglas@cognizant.com 

India
Name: Vipin Nair
Email: Vipin.Nair@cognizant.com

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CNN to bring its Global Perspectives events series to Bangkok

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Conversations to be led by CNN journalists including Dr. Sanjay Gupta, Richard Quest and Kristie Lu Stout

HONG KONG, April 21, 2026 /PRNewswire/ — CNN will hold the inaugural Asia chapter of its Global Perspectives events franchise in Bangkok, Thailand, on 14 October 2026, reinforcing the network’s commitment to convene global leaders and fostering dialogue on the critical issues shaping international business, policy and economic development.

CNN will bring together dignitaries, visionaries, political and business leaders for Global Perspectives: In Bangkok, to explore big ideas, bold leadership and the dynamic economies at the forefront of global transformation. On-stage conversations will be led by CNN’s esteemed anchors and correspondents, including Dr. Sanjay Gupta, Richard Quest, Kristie Lu Stout, Will Ripley and Hanako Montgomery, with editorial content and news-making interviews from the event featured across CNN platforms.

Expanding the Global Perspectives series with this Bangkok edition underscores CNN’s long-standing engagement in Asia. As a historic economic and cultural crossroads, Bangkok sits at the intersection of global economic dynamism, regional influence and vibrant cultural energy. The event will take place as global leaders, investors and policymakers gather in the city for the International Monetary Fund and World Bank Group Annual Meetings, creating an exclusive platform for CNN to examine a world in transition and the forces reshaping power and influence.

Ellana Lee, Group SVP, GM APAC, & Global Head of Productions at CNN, said: “Global Perspectives: In Bangkok will reflect CNN’s deep commitment to Asia and will aim to foster conversations that matter most on the global stage. At a time of rapid transformation, this event will bring together influential voices to examine the ideas, opportunities and challenges shaping the region and the world.” 

James Hunt, SVP, Head of Client Solutions & Business Lead, Global Perspectives, CNN International Commercial said: “Global Perspectives provides a unique platform for leaders and partners to engage in meaningful dialogue and connect with the forces driving global change. Hosting the event in Bangkok creates new opportunities for brand partners and sponsors to be associated with important conversations about collaboration, insight and impact at the heart of one of the world’s most dynamic regions.”

Expanding its events franchise by holding Global Perspectives: In Bangkok builds on CNN’s long-standing presence in Asia which includes a network of bureaus and correspondents across Hong Kong, Beijing, Bangkok, Taiwan, Seoul, Tokyo, New Delhi and Islamabad.

Global Perspectives is an invitation-only gathering for international decision-makers and influential leaders from across industries, including technology, finance, investment, trade, geopolitics, healthcare, media, entertainment and more. The event will be attended by heads of state, regional and global leaders, and participants can expect to form meaningful connections that will last well beyond the event itself. Global Perspectives will be hosted at The Ritz-Carlton, Bangkok. 

Further details on speakers and programming will be announced in due course. People interested in attending Global Perspectives: In Bangkok can register their interest at: https://cnnicevents.cnn.com/gpbangkok/prl

About CNN Worldwide

CNN Worldwide is the most honored brand in cable news, reaching more individuals through television, streaming and online than any other cable news organization in the United States. Globally, people across the world can watch CNN International, which is widely distributed in over 200 countries and territories. CNN Digital is the #1 online news destination, with more unique visitors than any other news source. HBO Max, Warner Bros. Discovery’s streaming platform, features CNN Max, a 24/7 streaming news offering available to subscribers alongside expanded access to News content and CNN Originals. CNN’s award-winning portfolio includes non-scripted programming from CNN Original Series and CNN Films for broadcast, streaming and distribution across multiple platforms. CNN programming can be found on CNN, CNN International and CNN en Español channels, via CNN Max and the CNN Originals hub on discovery+ and via pay TV subscription on CNN.com, CNN apps and cable operator platforms. Additionally, CNN Newsource is the world’s most extensively utilized news service partnering with over 1,000 local and international news organizations around the world. CNN is a division of Warner Bros. Discovery.

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SOURCE CNN International

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Quality Executive Partners, Inc.® Announces Exclusive Partnership with Vi’eNnI® Training and Consulting LLP to Accelerate Workforce Development in India’s Huge Pharmaceutical Sector with Virtuosi®

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ATLANTA and BENGALURU, India, April 21, 2026 /PRNewswire/ — Quality Executive Partners, Inc.® (QxP), a global leader in pharmaceutical quality, workforce development, regulatory compliance, and manufacturing consulting, today announced an exclusive strategic partnership with Vi’eNnI® Training and Consulting LLP to introduce and scale Virtuosi® across the Indian biopharmaceutical market.

Virtuosi helps biopharmaceutical manufacturers to solve one of their most critical operational challenges—the readiness of the workforce to perform in high-risk, high-complexity GMP environments—by building and sustaining operational capability across the employee lifecycle.

Under this agreement, Vienni will be QxP’s exclusive partner for Virtuosi in India, leading market engagement, client identification, and commercial activities.

Vi’eNnI® TRAINING & CONSULTING LLP: Enabling Scalable Training Excellence Across India

Vi’eNnI® is a recognized leader in pharmaceutical training and capability development in India, with a strong track record in GMP education, regulatory compliance, and industry engagement. Vi’eNnI® through its association with Eduoriens Skill Development LLP and professional bodies such as Parenteral Drug Association (PDA) India, Vienni operates at the center of India’s pharmaceutical training and compliance ecosystem.

With this established network, operational credibility, and relationships across India’s leading pharmaceutical manufacturers, Vienni is uniquely positioned to drive the adoption of Virtuosi at scale across the Indian market.

“This alliance is intended to deepen, enrich, and embed the field of training. The advantage of this collaboration is expected to make learning stick, with recall much higher when a participant leaves the learning zone,” said Vishal Sharma, Co-Founder Director, Vi’eNnI® TRAINING & CONSULTING LLP

“This marks the beginning of driving innovation and shaping outcomes that matter. Together, we forge a partnership that speaks the language of impact, influence, and enduring progress for teaching-learning & implementation,” said Ivy Louis, Founder Director, Vi’eNnI® TRAINING & CONSULTING LLP

“Vi’eNnI®’s mission is to empower doers to excel in their craft. This association with QxP for Virtuosi marks a pivotal step in advancing workforce capability and highlighting the strategic value of immersive training in India. We are proud to continue driving this mission forward.”

“We are honored to partner with Vi’eNnI® , a highly respected organization with deep roots in the Indian pharmaceutical industry,” said Crystal Mersh, Chief Executive Officer of Quality Executive Partners, Inc. “Together, we are enabling broader access to Virtuosi in a way that allows clients to build and sustain the knowledge, skills, and behaviors required to perform under real operating conditions. This embeds compliance and capability into daily execution in order to deliver high quality medicines to patients around the world.”

Virtuosi by QxP: Advancing Workforce Capability in India’s Globally Critical Pharmaceutical Hubs

India is one of the most critical pharmaceutical manufacturing markets globally and is poised for significant growth in the coming years, particularly across biologics, biosimilars, and advanced therapies. As manufacturers expand into more complex product categories and face increasing scrutiny from global regulatory agencies—including the U.S. Food and Drug Administration (FDA) and European Medicines Agency (EMA) —the ability to rapidly build, standardize, and sustain a high-performing, inspection-ready workforce has become a strategic priority.

cGMP experts at QxP created Virtuosi to address this exact challenge. Virtuosi is an immersive workforce readiness program accredited by the International Accreditors for Continuing Education and Training (IACET), aligning with globally recognized standards for continuing education and distinguishing it as the only virtual reality–based training program to achieve such accreditation.

Combining virtual reality interactive experiences with digital course content, Virtuosi enables professionals to practice critical manufacturing and quality processes—such as aseptic operations, microbiology, and advanced therapies—in realistic, risk-free environments. The platform includes over 100 hours of education, 56 technical courses, and 20 immersive VR experiences, and is available in seven languages—English, French, German, Italian, Mandarin, Spanish, and Swedish—to support global workforce standardization. Virtuosi helps organizations reduce human error, accelerate time to competency, and improve compliance and operational performance across global pharmaceutical operations.

By shifting training from passive instruction to experiential learning, Virtuosi helps reduce time to competency and human error, improve inspection readiness, and drive measurable quality outcomes which translates directly to revenue protection and growth. This partnership strengthens not only the competitiveness of individual organizations, but also the long-term resilience, regulatory standing, and global leadership of India’s pharmaceutical sector.

About Quality Executive Partners, Inc.® (QxP)

Quality Executive Partners, Inc. (QxP) is a premium CGMP consulting firm focused on solving complex operational and regulatory challenges in pharmaceutical manufacturing. QxP services pharmaceutical manufactures and CDMOs globally across all major modalities – OTC, oral solid dosage, sterile, biologics, ATMPs, clinical-stage manufacturing, and combination products. We support clients throughout the product lifecycle, including clinical operations, commercial readiness, regulatory strategy, quality transformations, and remediation. Through our ‘Teach and Do®’ model, QxP embeds senior GMP experts / former regulators into day-to-day operations to execute alongside client teams and build internal capability. This model ensures solutions are effective in practice, sustainable, and directly reduce operational risk. .

About Vi’eNnI®

Vi’eNnI® Training and Consulting LLP is a pharmaceutical training and consulting organization based in Bengaluru, India, focused on advancing workforce capability, regulatory compliance, and operational excellence across the life sciences sector, for the past 16 years. The company delivers targeted training and consulting services across GMP, quality systems, aseptic processing, microbiology, and inspection readiness, competency and culture building initiatives, helping organizations strengthen performance, consolidate efficiency and achieve sustainable compliance. Known for its practical, implementation-focused approach, Vi’eNnI® enables pharmaceutical and biotechnology companies to translate training into measurable improvements on the shop floor, supporting continuous improvement and long-term capability development across India’s pharmaceutical industry with a variety of options and tools.

Media Contact (Global)
Robin Mersh
SVP, Virtuosi Sales
Quality Executive Partners, Inc.
Email: RobinMersh@QualityExecutivePartners.com
Phone: (+1) 678-496-7503

Media Contact (India)
Ivy Louis
Founder-Director
Vi’eNnI® Training and Consulting LLP
Email: Ivy_louis@vienni.com
Phone: +91 9986821045
WhatsApp: +91 9986821045

Vi’eNnI® & Virtuosi® are registered trademarks for VIENNI & Quality Executive Partners, Inc., respectively.

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