Want to Grow Your Bank? Embrace These 3 Mandates
KPMG released a report highlighting challenges and opportunities banks face in the current business environment.
1. Embrace ChangeFor banks to effectively move forward and continue to grow the business, a culture that is not afraid to embrace change is necessary, KPMG argues. New, more efficient operating models must be sought, and being nimble and innovative is key to success.
"Banking leaders must choose to adapt and evolve, or risk irrelevance," the report reads. "In the future, when banks look back on this time of change, an organization's resilience will not be measured by how much adversity it endured throughout the financial crisis and this period of recovery; rather, it will be measured by how well it adapted to it."
NEXT: Focus On The Customer, Not Products
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