The S&P Kensho Democratized Banking Index is designed to measure the performance of companies focused on innovations within financial services, including direct lending, crowdfunding, automated wealth management, usage / on-demand insurance services, and digital currencies and related capabilities.

A sector index within the S&P Kensho New Economy Index Series, the S&P Kensho Democratized Banking Index intends to represent companies in the S&P Kensho Alternative Finance Index, the S&P Kensho Future Payments Index, and the S&P Kensho Distributed Ledger Index. Alternatives to the established paradigms are now emerging, powered by exponential progress in artificial intelligence, the abundance of readily accessible compute power, and a cultural shift by consumers demanding more direct determination of their financial outcomes.