Yet, whatever the chosen strategy, it will involve executing a balance across these six priorities.
Banking executives agree that these priorities are very important, with each
of them scoring between 4.3 and 4.5 (out of 5) in our survey. However, we found a striking gap between those ranking these priorities as ‘Very important’ (46%–64%) and those stating that they saw themselves as ‘Very prepared’ (11%–17%) and/or that they were making a ‘Significant investment’ (18%–25%) in these areas. Technological, organisational, talent and cost constraints were viewed as the greatest obstacles
to success.
Below, we discuss each priority in turn.
In this short paper we can barely scratch the surface of these complex issues. We welcome the opportunity to have a deeper conversation with you on these topics, as well as on crafting your overall strategic response.