Summary of Future Factors

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Future Factors summary
Start getting smarter:
or see our plans

Rating

7

Qualities

  • Analytical
  • Overview
  • Scientific

Recommendation

Powerful forces are reshaping the retail banking business: The tectonic plates of customer demand, technological innovation, regulation, demographics and economics are grinding together, sending tremors through already reeling banks and creating an imperative to change. The Economist Intelligence Unit’s survey and analysis suggests that retail bankers who fail to act now will be on shaky ground, while those who find the right balance will ride out the shocks and thrive in the future. getAbstract recommends the report’s thought-provoking take on retail banking’s prospects to bankers, analysts and strategic planners.

About the Author

The Economist Intelligence Unit is an independent research and analysis unit.

 

Summary

For retail banking leaders, the pressure is on. A survey of 242 senior retail-bank executives from around world reveals that the factor having the greatest effect on the industry until 2020 will be regulation. However, regulation isn’t the only transformative issue with which these chiefs must grapple: Banks that cater to individuals and small businesses have to keep up with evolving customer demands, technological innovation and new competitors encroaching on banking’s traditional turf. These changes pose big challenges for banks’ business models and place a high premium on structural and operational...


More on this topic

By the same author

Industries in 2019
8
Order and Progress?
8
The Global Liveability Index 2018
8
The Hinrich Foundation Sustainable Trade Index
8
Preparing for Disruption
9
Trade War Brewing?
8
A Digital Future
7
M&A in a Changing World
8
Turning Tides
8
Changes on the Institutional Investment Horizon
7
The Marriage of High Tech and High Finance
7
Innovation in Investment
9
China’s Supply-Side Structural Reforms
9
Symbiosis
8
Worldwide Cost of Living 2017
7
2016 The Year in Crisis
7
Innovation in Life Sciences
9
Democracy Index 2016
9
The Chinese Consumer in 2030
9
Towards Disaster-Risk Sensitive Investments
7
Industries in 2017
8
Managing Risk in Challenging Economic Times
8
Terms of Trade
7
The Workforce of the Future
8
Global Microscope 2016
8
“One Belt, One Road”
8
US Mid-Market Enterprises
7
Global Food Security Index 2016
8
Latin America’s Innovation Gap
8
The Hinrich Foundation Sustainable Trade Index 2016
8
Factors
7
Out and Down
8
Retail Banking
7
Europe Stretched to the Limit
8
Worldwide Cost of Living 2016
7
The Well-Connected Treasurer
7
All That Glitters
8
Governance, Cost and Sustainable Investing
7
Democracy Index 2015
8
Industries in 2016
8
Rethinking Risk in a More Uncertain World
7
The Disruption of Banking
8
The Never-ending Sale
8
After the Freefall, What to Expect from Commodity Prices
8
A Delicate Stage
8
Cultivating Sources
7
The Wealthy Migrant
7
Financing the Fragile Economic Recovery
7
Long-Term Macroeconomic Forecasts
8
The Cost of Inaction
9
The Blue Economy
8
Chinese Investment in Developed Markets
8
Private Sector Development in the Caribbean
7
Prospects and Challenges on China’s ‘One Belt, One Road’
8
Generation ¥
8
Future Cities
8
Digital Adoption in the Insurance Sector
8
Future Factors
7
Spotlight on the New Wealth Builders
8
The Road from Principles to Practice
7
Singapore
8
Worldwide Cost of Living 2015
8
Redefining Banking to Survive and Thrive in a Digital World
7
The Future of Business: Supply Chains
7
Democracy Index 2014
8
Still Making It
8
Retail Banks and Big Data
7
Navigating the Waters of Foreign Exchange and International Payments
7
Industries in 2015
8
Global Challenges in Asset Management
7
The Business of Cheaper Oil
8
China Going Global Investment Index
7
Financial Services: United States of America
6
Global Microscope 2014
8
Evolution of Work and the Worker
7
Cyber Incident Response
8
Business Environment Rankings
7
The Business Environment in Gulf Co-Operation Council Countries
8
Consumer Goods and Retail
7
United Kingdom
7
Financial Services
8
Energy
8
Japan
7
Germany
7
Value-Based Healthcare
7
Worldwide Cost of Living 2014
7
China’s Urban Dreams, and the Regional Reality
9
The Search for Growth
8
Brazil
8
Is 75 the New 65?
8
Succeeding in a Value-Based Environment
8
Industries in 2014
8
The End Isn't Nigh
8
Diminishing Dependence
8
China
8
World Risk Alert April 18th 2013
8
Telecommunications
8
Women’s Economic Opportunity 2012
8
Consumer Goods and Retail
7

Customers who read this summary also read

Whose Customer Are You?
7
Global Corporate Banking 2018
8
The Spider Network
8
How Pricing Can Solve European Banking’s Earnings Crisis
8
Automating the Wall Street Rainmaker
8
How Do Banks Interact with Fintechs?
7

Related Channels

Comment on this summary