Consultant group Kearney is out with a warning for retail banks that costs must be reduced or profitability in the coming years may evaporate. According to a study by the firm, retail banks must reduce costs by €35-€45 billion (£25-£32 billion) within the next 3… Read More
Read more in: Fintech, Global | Tagged banking, digital banking, europe, Kearney, research, simon kent
Global consulting group Kearney has distributed a report predicting that 1 in 4 European bank branches will close in the next three yeas as the shift away from brick and mortar bank branches ups the pace. Kearney states the obvious that new customer habits, boosted… Read More
Read more in: Fintech, Global, Opinion | Tagged banking, europe, Kearney, research, simon kent
One out of eight retail banks will most likely face substantial losses this year due to the Coronavirus (COVID-19) outbreak and associated economic problems, according to Kearney’s European Retail Banking Radar. The consultancy company noted that revenue for retail banks is expected to decline by… Read More
Read more in: Fintech | Tagged consumers, digital transformation, europe, Kearney, Retail Banking, retail banks, simon kent
© 2024 Crowded Media Group. All Rights Reserved.