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The financial services sector is facing a radical disruption. From banking to insurance, from payments to wealth management, from regulation to innovation, the way we provide and access financial services is changing dramatically. Here are some topics and trends to provide an industry overview.
According to our latest estimates, the global financial services market will reach a whopping $26.5 trillion by 2030. This growth will be driven by several factors:
Of course, no sector is immune to challenges. However, where there’s a challenge, there’s also a savvy consultant with a solution:
For the ambitious lot ready to tackle these issues, the rewards are more than just a competitive edge. Robust security and compliance measures will enhance trust and reputation. Advanced analytics and insights will improve decision making and performance. Agile transformation and experimentation will foster innovation and differentiation. As for customer centricity, ecosystem collaboration, and technology adoption? That’s the winning formula to deliver superior value and experience to customers in 2030.
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