Banks in the UAE operate in a highly competitive and dynamic environment where change is one of the few constant factors.
Doing business is made more complicated by continuing regulatory and accounting changes. The relevance and reliability of tried and tested business models is being threatened in a digital era with new market participants who are encroaching on traditional hunting grounds. New threats, like cyber security, are on everyone’s radar. The quality of talent available to help executives navigate through these challenges can be variable. But banks with a real competitive advantages will be those that use these challenges as impetus for improvement.