Challenges
Banks face new adversity
Banks have to navigate in an environment marked by strict regulations, the emergence of new players and increased pressure on profitability. To transform themselves, they must :
- Innovate value propositions: respond to the entry of new, agile competitors such as neobanks, fintechs, GAFAMs and Chinese players.
- Optimize the costs of developing and reforming information systems (IS): adapt IS to new regulations on banking services, electronic payments and payments.
- Reduce the cost of multiple certifications: comply with new regulations without exploding costs.
- Continuously reconfigure structures: improve both IS and the functional organization of business lines to remain competitive.
