01 Mar 2023

Myth-busting the metaverse: Why financial services should be pioneers of metaverse technology; Recording

In this session, techUK looked at some real-life applications of the metaverse in the financial services sector beyond the immersive VR glasses we often see in imagery accompanying the word. We’ll consider a plurality of applications, including how digital twins (virtual models designed to replicate an object or entity) can be used to test product launches, operational resilience and financial modelling – all in the metaverse

Watch the recording here:


The aim of the session included:

  • Understand what is meant by the metaverse – in terms of both consumer and enterprise applications
  • Explore what banking and finance may look like in metaverse worlds, and the transition banks may need to make
  • Learn some of the benefits that the financial services can achieve by using this technology;
  • Have a better idea about the speed of roll-out;
  • Be conversant in what is digital twinning and how it can help financial services firms.
  • Differentiate between the metaverse, DLT and blockchain technologies, digital twinning, and the use cases that converge these together

Laura Foster

Laura Foster

Associate Director - Technology and Innovation, techUK