In this study, we analyse the impact of COVID-19 on the BFS industry. We also recommend BFS enterprises to look at digital, not just as a means to fix current problems, but as a strategic exercise to create differentiation and resilience to any disruptions such as those caused by the COVID-19 pandemic. We also suggest ways in which enteprises can design a robust back-to-work strategy and look at portfolio restructuring as an option to gain some flexibility and scalability.
Scope
Industry: BFS
Geography: global
Contents
In this research, we:
Analyze the impact of COVID-19 on different BFS segments
The banking and financial services industry is burdened by obsolete legacy systems, talent shortage, and rapidly changing global and regional regulations. To deal with these challenges, enterprises are adopting third-party enterprise platforms.
In…