ECONOMIC UNCERTAINTY
“ BANKS MUST NOW RE-THINK THEIR DEPOSIT STRATEGIES AND INNOVATE TO DELIVER ENDURING CUSTOMER VALUE ”
AMIT DUA PRESIDENT , SUNTEC
more difficult for banking institutions now , many – including Convera CEO Patrick Gauthier – believe “ global markets will be bullish ” onwards from 2024 .
So , is the future of economic uncertainty in banking temporary , or will it be a longlasting issue ?
As far as Dua is concerned , “ the bank consolidation trend is likely to continue given the financial pressure and other factors at play .” While for Lange , “ there will continue to be winners and losers based on the risks taken by banks ”. He believes “ it is important for both consumers and regulators to ensure they understand these risks through diligence and oversight .”
So , while it is difficult to make any prediction , Synpulse ’ s Bakhtar believes “ there should be minimum standards and practices that banks should apply to how they run businesses , so they can move from being a passive compliance-driven approach to a proactive risk management culture .”
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