LONDON–(BUSINESS WIRE)–A well-known market intelligence company, Infiniti Research, has worked with 100+ companies in the banking industry across the globe. Our expertise in the field of market research enables us to offer tailored solutions that empower banking industry leaders to gauge how prepared and well-positioned they are for the future. Request a complimentary proposal to learn more about our solutions for your business.
This article covers key questions such as:
- Over the next decade, what are some of the most disruptive factors that could transform the Asian financial service sector?
- What can CEOs of banking sector companies in Asia do to cope with these disruptive forces?
“The way in which Asian customers are exploring and changing the way they consume banking services and use digital channels for their banking needs is rapidly transforming with each passing year. The openness and agility to understand and embrace these changes will reward banking sector companies. This will be the only way incumbent banks can survive in the Asian banking sector in the long run,” says a banking sector expert from Infiniti Research.
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#1: Over the next decade, what are some of the most disruptive factors that could transform the Asian financial service sector?
Currently, the Asian banking sector is going through a period of turmoil. The environment in Asia’s banking sector is being largely influenced by geopolitical challenges, trade wars, and other political concerns. These could prove to be the three most disruptive factors concerning Asian banking companies and which can play a significant role in the banking decision taken by companies over the next decade. However, Asia being one of the biggest and the most lucrative markets for banking growth, companies in the sector must find new ways to adapt to these unfavorable conditions.
#2: What can CEOs of banking sector companies in Asia do to cope with these disruptive forces?
CEOs of banking companies in Asia must ensure that they are up-to-date with the changing market conditions. This includes the need to keep the costs at bay. Despite the margin squeeze and the pressure on volumes, companies in the banking sector must aim to discipline their costs. It is also crucial for them to strategically manage risks. This involves not only the creative risks that they take on board but, also the conduct risks. Banks also need to be aware of the increasing scrutiny that is being placed on dealing with customers. Finally, it is also necessary for CEOs must effectively manage their balance sheet and capital.
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About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us