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Though deliberately exaggerated, all five scenarios represent an urgent call to action for retail banks and point specifically to three priority areas where banks should act immediately and proactively to adapt: tech-powered transformation, data-enabled customer focus and broad-based trust.
- John Garvey
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- John Garvey
Though deliberately exaggerated, all five scenarios represent an urgent call to action for retail banks and point specifically to three priority areas where banks should act immediately and proactively to adapt: tech-powered transformation, data-enabled customer focus and broad-based trust.
18 lut 2019 · Retail banks that capitalize on current shifts in the market will emerge with a winning position in their core markets and begin to compete across borders. This article is an edited extract from the full report, Rewriting the rules: Succeeding in the new retail banking landscape (PDF–680KB).
10 paź 2024 · 1. A turning point. The outlook, however, for global retail banking is more muted than its recent performance would suggest. External forces are combining to pressure the sector in the key economic metrics of asset growth, margins, and operational and risk costs.
6 wrz 2022 · Five scenarios for the future of retail banking. To help retail banks adapt to these current market changes—and prepare for the future—here are the five scenarios we’ve developed for how the industry might look in the coming decade. Front-end revolution.
By drawing on the global, collective experience of PwC professionals in retail banking, we’ve developed five extreme scenarios that leaders can use to strategize how they will fit into the future retail banking ecosystem: Front-end revolution: New players outside of traditional finance capture client relationships.
The US retail banking sector has been transforming at a fast pace, like the rest of consumer financial services. And the COVID-19 crisis has only accelerated consumer shifts toward digital. With a depressed macro environment, banks have little choice but to embrace digital transformation.
