How to ensure your financial institution doesn’t survive past 2030
08 April 2019
by Vinay Prabhakar, Vice President, Product Marketing
Gartner recently predicted that by 2030, 80% of financial firms would go out of business or be rendered irrelevant by new competition. If they’re correct, with over 25,000 banks and financial institutions worldwide, within the next 12 years 20,000 institutions will exit the global financial services ecosystem.
Is that really possible? It is – if banks follow these simple steps to ensure that they don’t make the cut: