2022 Banking Industry Survey
Navigating in choppy waters
Banks are facing competitive, economic, and geopolitical obstacles. Even so, there is optimism among senior executives at the largest U.S. banks about the future.
The 2022 KPMG State of Banking Survey features insights from 100 senior executives – many representing some of the largest banks in the industry with nearly 40 percent having assets totaling $100 billion or more.
Dive into our thinking :
2022 Banking industry survey
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Growth
Credit risk is the number one threat to growth over the next three years.
2
Digitization
60% are investing to develop digital and fintech capabilities
3
Crypto / Digital assets
85% are offering or planning to offer digital wallets.
4
Metaverse
53% say failing to have a presence in the metaverse will result in significant market share loss.
5
Cybersecurity
81% of respondents think cybersecurity threats will increase as digital banking increases.
6
M&A
31% say M&A is one of their organizations top 5 priorities.
7
ESG
45% say banks lack the tech solutions to achieve climate ambitions.
8
Talent
61% say the Great Resignation is a significant concern.
9
Tax
56% say they are increasing their budget to expand tax department’s capabilities due to domestic and global tax reform
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