Urgently Resetting Banks' Growth Strategy In The Current Climate

The banking industry is facing a number of challenges such as increased competition, the rise of fintech, and regulatory pressure, which have caused a 70% valuation gap compared to other industries. Banks need to rebuild their business models and reset their growth strategies to become strategic outperformers. This can be achieved by accelerating their growth and profitability with new business models and strategies driven by advanced technologies like artificial intelligence, blockchain, and cloud computing. The author of this text will be posting a series of blogs on this topic to share his vision on how banks can concentrate on constructing resilience while establishing novel sustainable growth engines.