Commercial banking top trends in 2023
The world of commercial banking faces uncertainty today. As a result, it is difficult to make confident decisions about the medium-to-long term. However, Accenture believes commercial banks have an op...
Well over a decade ago, I was fortunate enough to land a banking leadership role in commercial and corporate banking ...
Unless you’ve been living under a rock for the past few years, you’re aware that global trade and supply chains have ...
Banks have the opportunity of a lifetime. And if they don’t act now, it’s going to slip from their grasp. I’ve just ...
Having pulled through the Covid pandemic, the unravelling of international supply chains and a global energy crunch, ...
The world of commercial banking faces uncertainty today. As a result, it is difficult to make confident decisions about ...
Banks currently dominate the provision of treasury services for businesses in the United States, but they are beginning ...
At the recent Sibos conference in Amsterdam, commercial banking leaders from around the world gathered to share their ...
There have been impressive technological advances in banking systems in recent years. But banks can’t just purchase new ...
Updated September 19, 2022 The recent nCino nSight 2022 conference in Raleigh, North Carolina, was the first ...
Commercial banking, like many industries, has a workforce problem: their employees are getting older. People in senior ...
The world of commercial banking faces uncertainty today. As a result, it is difficult to make confident decisions about the medium-to-long term. However, Accenture believes commercial banks have an op...
Disclaimer: ChatGPT did not write our post, but we did ask it for title suggestions and picked our favorite one. Thanks, generative AI! We’re at an inflection point. Every day, we see how artificial i...
The pace of change is not slowing down. Customers’ expectations have radically changed, and they expect much more from their banking products and services than ever before. To maintain relevance, bank...
ISO 20022 is probably the biggest payments change of the last 30 years—if not more. It’s also no longer news. The industry has known for years that it’s coming. In fact, some institutions began thei...
A recent Accenture survey found that embedded finance offerings to small and medium-sized enterprises could increase global bank revenues by as much as US$92 billion by 2025. Embedded finance offers b...
As Yogi Berra once famously said, there is no difference, in theory, between theory and practice— but in practice, there is. That’s certainly true for tech transformation projects at banks. Most ban...
Banks face a trust paradox. While customers trust banks with their money, only 19% of them say they are interested in receiving advice from a bank. And the more digital banks become, the less connecte...
The COVID-19 pandemic increased the tempo of change in consumer behaviors and expectations. Payments, characteristically, is at the forefront of the change. In “Payments Gets Personal—Strategies to St...
As consumers experience economic turbulence due to inflation and rising interest rates, they want to be able to pay anywhere, anytime, anyhow. For banks to stay ahead of an increasingly complex paymen...
Having pulled through the Covid pandemic, the unravelling of international supply chains and a global energy crunch, commercial banks must now grapple with a spike in interest rates and the collapse o...