The Need for Speed
The Need for Speed
According to a KPMG 2016 Banking Industry Outlook survey, 87 out of 100 American bank officers expect future revenue of banks to improve.
According to a KPMG 2016 Banking Industry Outlook survey, 87 out of 100 American bank officers expect future revenue of banks to improve. Furthermore, the survey respondents selected (1) the development of new investment services, (2) cross-selling, and (3) sales of innovative high-value- dded products as the top three growth engines for the future in the banking industry.
The survey expects the sources of revenue maximization to come from digital technology and entry of FinTech companies and IT companies to the banking industry, intensifying competition among banks.
© 2024 Copyright owned by one or more of the KPMG International entities. KPMG International entities provide no services to clients. All rights reserved.
KPMG refers to the global organization or to one or more of the member firms of KPMG International Limited (“KPMG International”), each of which is a separate legal entity. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. For more detail about our structure please visit https://kpmg.com/governance.
Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.