Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say
PYMNTS
MARCH 20, 2018
The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said. According to the BCG’s “Corporate Banking Executive Survey,” “front-to-back digital transformations” are essential to halt this shrinkage. The financial stakes are very high,” he continued.
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