Moving forward faster
It's no secret that slow and steady no longer wins the race.
Yet, for banks, the need for speed is becoming more important than
ever before.
Banks have certainly made progress in recent years. In many
respects, they are in good shape and are optimistic about the
future. In fact, 87 percent of the 100 US banking
executives1 surveyed in our 2016 Banking Industry
Outlook Survey foresee revenue growth over the next year.
Approximately two-thirds of respondents believe their organizations
are actively embracing change, and more than half rate their
current digital capabilities in the above average to excellent
range.
But perception today may not match reality tomorrow. There is
much more to do. And quickly. Today, any and all parts of a
bank's business model are fair game. Newer, tech-savvy entrants
have speed and agility on their side and continue to successfully
nip away at different facets of a bank's business. Meanwhile,
consumer
