No Match Found
Shifting regulations, new technologies and FinTech start-ups are all reshaping the sector. What’s more, the need for banks to build and maintain trust with customers has never been greater. Thriving in this changing world means understanding the market, knowing your risk profile and finding new opportunities to deliver customer value.
Changing regulations, the arrival of FinTechs and the digital disruption of banking are all having a profound effect on the landscape for established banks. Responding to these changes will take new thinking, grounded in a deep knowledge of the transformational forces that are reshaping the sector, as well as an effective strategy for managing risks. It’s a big challenge, but established firms now have an opportunity to reinvent their service offering, internal processes and governance structures to match the demands of the 21st century banking sector.
The explosion in FinTechs and the emergence of new banking models over the last few years has been transformative for the banking sector. Rather than offering an end-to-end banking solution, these start-ups have succeeded by targeting specific niches within the industry and offering a superior customer experience that is driven by technology. The challenge for these companies now is to widen their client base, potentially by partnering with existing firms, while also meeting the regulatory and compliance requirements that come with working in the finance sector.
Digital disruption in banking is certainly one of the biggest trends that the industry is facing. Both technology-enabled FinTechs and established firms are looking to realise the benefits that technology can offer in order to become more transparent, more efficient and offer a better customer experience.
Our team of Banking and Capital Markets experts have the skills to help you navigate the increasingly complex future of the industry. Whether you’re a start-up in the FinTech space or an established bank looking to prepare for the future, our team can help.
Specifically, our Banking and Capital Markets teams can assist with: