Monday September 21, 2020

Comment: Why digitalisation poses a real risk to banks

The rapid digital shift resulting from lockdown measures to combat Covid-19 suggests that the pace of change in the banking sector may take everyone by surprise

9th July, 2020
Digitalisation will increase competitive pressures on banks and constrain their profitability

The Covid-19 crisis has revealed banks throughout the world to be not part of the problem but, for a change, part of the solution. They have so far proven to be resilient, mostly as a result of the stricter capital and liquidity requirements imposed on them following the 2007-2009 global financial crisis. Today many governments are using banks to channel funds to households and firms hit by the pandemic’s economic fallout.

Furthermore, governments...

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