Banking trends for 2022 and onward
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Trends to watch out for
Banks and financial institutions came out stronger after the pandemic, creating innovative solutions and unlocking alternative revenue streams.
The prevailing dynamic environment characterized by geo-political uncertainty, growing inflation, and an imminent recession requires banks to recalibrate their strategy to exploit emerging opportunities and unlock value. The accelerated pace of digitalization between 2020 and 2021 has catapulted the banking industry two-three years ahead with regard to technology adoption. How can the industry sustain this momentum?
The time to act is now.
TCS conducted a research study to understand the trends that banks need to focus on to stay on top of an ever-changing global order. Here’s what we found: