Technological developments that lie at the core of all transformations are also changing our relationship with money, one of the ever-present elements of social life. It is a very old story: When two Native Americans were riding their horses as fast as lightning one of them suddenly stopped. The other one halted his horse a little bit further down the road and backtracked to his friend’s side to ask him why he stopped. The answer was brief and to the point: “We were going so fast that I left my soul behind. I stopped to wait for it to catch up to me.” Today’s world is changing at such a fast pace that whatever we know is redefined day in day out. Technological developments that lie at the core of all transformations are also changing our relationship with money, one of the everpresent elements of social life. A report that was prepared by Switzerland based World Economic Forum in the month of June with the participation of more than 300 leading financial institutions demonstrates the form that our relationship with money would take in the wake of the technological transformations we will be going through. In this 176-page “Future of Financial Markets” titled report that has been produced as a result of a 15-month study, the subject of how technology would reshape the structure, creation and consumption of financial services is addressed. The following is briefly alluded to in the report: “The reason for the existence of the money and finance sectors would remain the same; however the way businesses are run and consumption habits of the public would change to such an extent that the resultant structure would have nothing resembling what we have today.” According to the report, the banks, financial institutions and insurance companies that get the gist of current technology would come out of this race the winners. However, the institutions that turn a deaf ear to the demands of new age consumers will have difficulties in sustaining their viability. In the meantime, as the relations between consumers and the monetary and financial world go through a transformation, data, regardless of its type, shall appreciate in value and the states will be required to come up with new arrangements to accommodate the rhythm of money that goes beyond borders. Is there an end to the things awaiting us, from robotic investment consultants to new monetary models? Let’s have look at the forecasts made in the report together: PAYMENT AND ACCOUNT SYSTEMS ARE BEING DECENTRALIZED According to the report, bitcoin and mobile payment systems shall become strong alternatives to the traditional banking systems. In time credit cards will be replaced with direct online payment systems and mobile wallets. According to the report that gives different definitions of the world on the basis of different scenarios, regardless of the scenario concerned, the bank account infrastructures will be globalized. What does this mean: The money transfers and bank account system will become highly global, more transparent, faster and more economical. The banks will no longer be able to charge fees for money transfers as alternative systems that could handle such transfers will be created. The banks that operate in collaboration with developers of these new systems will be able to survive. As a matter of fact we are already experiencing the said transformation. It is now possible to rent a place anywhere in the world via USA based housing rental agency Airbnb as the money transfer for payments are handled over the company’s interface. The same thing could be said for online shopping sites and the recently controversial cab hiring company Uber. As consumers, we are no longer required to pay any transfer charges. ALTERNATIVE CREDIT PLATFORMS ARE BEING DEVELOPED Like entities extending personal loans, alternative credit providers will be established. The people and companies will make short and medium term investments through these channels. The banks under the impact of the hit they receive in this field will be forced to develop custom-made services for their customers. The banks will no longer have the alternative of offering the same type of loans priced on predefined interest rates. While these developments are taking place, the differentiation between people’s accumulations and investments will be eliminated. Instead of the money “set aside as accumulation”, money that is continuously “transformed into investments” via various instruments will be the norm. PEOPLE SEEKING INVESTORS SHALL MEET THEM IN THE “CLOUDS” As the cloud technologies develop, “cloud financing” models will be created. In other words, people seeking investments will get into contact with potential investors through this type of model, and, in time, traditional asset management companies will no longer be necessary. The surfacing of this type of brokers shall create pressure on the risk capital funds as the ones seeking investors and the investors themselves will be discussing all relevant investment terms on a one to one basis. ROBOT INVESTMENT CONSULTANTS WILL BE DEVELOPED As the consumers lean towards online systems that offer asset management service over miscellaneous algorithms, the financial systems will start to question the usefulness of traditional consultancy services. In time the return on traditional services will decrease and the financial institutions will attempt to render their price and service policies more attractive so as not to lose their customers. According to the futuristic report of the World Economic Forum, consumers will be considered justified as never before. In the meantime, companies, which can ensure data security that will have essential importance, listen to its clients’ demands and cooperate with technology companies will survive.