Strategic Foresight in Fintech : Harnessing Scenario Planning for Future Readiness

Strategic foresight is an essential approach for anticipating and preparing for potential developments in a rapidly evolving ecosystem. This white paper explores the critical importance of future thinking and foresight methods. It highlights scenario planning as a powerful tool for strategic foresight in fintech ecosystem. It examines the value of SP for businesses, governments, and regulators, while addressing the challenges and limitations of its application. The paper reviews specific use cases of scenario planning in government and financial institutions, offering insights into how it can further benefit these sectors. Ultimately, the paper calls on stakeholders to embrace future thinking and scenario planning as integral elements of their strategic planning processes