At Sibos 2022, “Spotlight on Digital Value: Conquering the Metaverse” on Swift’s Innotribe stage looked at the case for banks to carve out space in nascent virtual worlds.

The metaverse begins with purpose, place, population, ownership, and portability.

Michael Abbott, global leader of Accenture Banking and responsible for its vision and strategy, set out to change the hearts and minds of the skeptics in the audience, defending the installation in cyberspace through a five-point alliterative argument.

Your five Ps; purpose, place, population, property, Y portabilitygave an insight into Accenture’s motivations for encouraging banks to remain trapped in these developing virtual worlds.

“If you’re going to be in the metaverse, start with a…