Today’s Banks Need To Transform To Remain Successf

by Forbes Middle East Forbes Middle East - Business News

In changing times for the financial services sector, there are significant opportunities for those who can show adaptability and relentless client focus says Punkaj Gupta.

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Review on Today’s Banks Need To Transform To Remain Successf

Banking is an incredibly fast-paced industry, constantly evolving with the sectors it services, economic change and geopolitical events. It is now a decade on from the start of the global financial crisis, the biggest change in several generations, which provides a good opportunity to step back and review the state of the sector. Regulation and commercial pressures have driven significant change during this time, leading to improved capitalization and asset quality, with focus on different service lines and products. Fintech is also having a huge impact, and there has been wave upon wave of mergers and restructurings.