The Need for Speed

The Need for Speed

According to a KPMG 2016 Banking Industry Outlook survey, 87 out of 100 American bank officers expect future revenue of banks to improve.

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the need for speed

According to a KPMG 2016 Banking Industry Outlook survey, 87 out of 100 American bank officers expect future revenue of banks to improve. Furthermore, the survey respondents selected (1) the development of new investment services, (2) cross-selling, and (3) sales of innovative high-value- dded products as the top three growth engines for the future in the banking industry. 

The survey expects the sources of revenue maximization to come from digital technology and entry of FinTech companies and IT companies to the banking industry, intensifying competition among banks. 

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