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
Comment: Why digitalisation poses a real risk to banks
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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