Get ready for “Self-Driving Banks” according to Brian Brooks (USOCC)

In a Financial Times OpEd, Brian Brooks looks at the future of finance and opportunities of decentralized finance (DeFi).

He compares the current regulation landscape to what we experienced when self-driving cars came sooner than anyone anticipated; outdated laws regulating drivers but no laws regulating the car itself. He believes banking is heading down the same road by the technology behind DeFi.