Basic issues affecting the banking sector are digital disruption, rising competition, regulatory change and post-pandemic economic fluctuations, etc.. Tomorrow’s winners will take steps to not only mitigate or manage these issues—they will find creative, disruptive ways to address them proactively. The specific future of banking is impossible to predict. Still, many of the most potent forces shaping that future can be closely tracked. They include the influence of digital tools like machine learning and cryptocurrency,…

Digitising and customising the retail banking process for the clients will attract more customers and ensure incremental growth Although many things changed in the last few years, particularly in 2021, many more seemed to stay the same. Whenever the banking industry thought the end of the Covid-19 pandemic was nigh, a nascent variant of Covid would make their collective hopes redundant.Despite these holdups, banks continuously tried to transform the way they deliver services and sought to…

Although previous myths about millennials not being valuable customers have been disproven, significant challenges remain for retail banking leaders who want to engage the millennial banking segment Md Kafi Khan. Illustration: TBS The world is adjusting to living with Covid-19 and the growing impacts of climate change. Financial institutions will learn just how successful they have been at helping people through the recent challenging times. As financial institutions take stock of their successes and failures,…

Training and skill development are extremely important in the face of emerging technological advances. They decrease job ambiguity and skill obsolescence, providing job security In January of this year, the Chief Executive Officer of the Royal Bank of Canada, Dave McKey said that they were struggling to acquire talented, skilled and competent employees. Bank jobs have always been highly coveted for candidates. But as tech firms are redefining our society and business practises on a near daily…

To better understand it is needed the efforts to continue growing in the face of competitive threat from major banks, challenger banks and other fintechs. How to play and how to win: How Strategy Really Works, which describes an integrated cascade of choices which companies can use to develop their strategy time has come to review and to know how the growth is happening and expanding. It is observed that nor do the industry planning…