In my previous post, I’ve set the groundwork by outlining the challenges faced by the banking industry today, especially in regard to the increasing demands of digitization. In this second post we’ll examine some specific strategies that incumbent banks could consider in order to meet these challenges. Of course, that list is not completed.
The financial services industry is currently facing a perfect storm of disruption and upheaval, and the challenges that lie ahead will require an unprecedented level of agility and adaptability. To survive and succeed, organizations must be ready to anticipate, prepare for and pre-empt this disruption.