As anyone who was making forecasts this time last year now knows, it's a risky endeavor. But there's a good chance that 2021 will be remembered as the year we picked ourselves up after COVID-19, hopefully learning something in the process.
Banks in 2020 were forced to make years' worth of technology and business model changes in a matter of months. Demand for both digital solutions and secure work-from-home systems exploded. The pandemic has stretched the entire industry like an elastic band, and there is an understandable desire to let the band relax and go back to "normal" as soon as conditions permit.
But when you stretch an elastic band, you also create potential energy. In a slingshot, that energy can be transformed into rapid forward motion. For banks, that took the form of a sustained burst of innovation and improvisation. However, the question they face now is where to let the elastic relax and ease the strain of 2020 and where the experience and pent-up energy of last year can be used to propel the institution forward.
Alan McIntyre, our chief banking slingshot expert, has been tracking the debates and decisions taking place within the industry right now on what to do with this stretched elastic. As he does every year at this time, he once again presents the 10 key trends most likely to affect banking over the next 12 months.The "winner takes all" phenomenon is now emerging in retail banking. As the big get bigger, "too small to succeed" will replace "too big to fail.
Accenture And of course some are already becoming dated with regulatory appointments in the US and high profile moves on ESG in Europe. Hopefully a good snapshot of a rapidly changing industry Accenture
Accenture Investing today will save you the stress of financial crisis tomorrow.. Live the kind of life you want today by investing and trading Bitcoin option. Trade with a professional trader and start making good profits today. lisaMakT for transparency and trust.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the meteoric rise of Jon Gray at private-equity giant Blackstone - Business InsiderJon Gray is the future of Blackstone. 50 insiders reveal how the superinvestor consolidated power, elbowed out rivals, and is remaking the firm in his golden-boy image. horrible Check out this, gonna be the next dogecoin
Source: BusinessInsider - 🏆 729. / 51 Read more »
How a quest to build ethical AI detonated a battle inside Google - Business InsiderGoogle employees consider jumping ship for Facebook and Microsoft after firings, reorgs and mounting tension in its AI division Google/YouTube are crooks. They stole my 9/11 video. They disrespect 9 /11 survivors. 911TribMuseum techinsider not sure they're going to be satisfied with the state of ethical AI at FB techinsider Jumping ship? That is really funny. They must be reading the stuff I write? And it is also the reason why sundar is in charge - gummy and slopey made a huge devious mess then jumped ship.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the ultra-premium aircraft Singapore Airlines is using for world's longest flight - Business InsiderThe new world's longest flight is getting an upgrade as Singapore Airlines builds back up in the US — see inside the luxurious plane
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Exxon Mobil's 'God Pod' - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »