Product Type: Market Research Report
Published by: TowerGroup
Published: December 2007
Product Code: R301-1396Description 2008 promises to be a year of adversity for some retail bankers and opportunity for others. The key issue for retail banks in 2008 will be managing growth and profitability while adapting to an ever-changing economic climate. The subprime mortgage crisis is far from over, and retail banks will be in a reactive mode for much of the year as new chapters in the subprime crisis unfold and spillover from the crisis seeps into related consumer lending sectors. Yet, opportunity can be found in adversity, and retail bankers that pursue cautious forward movement will be rewarded.
Table of Contents - Report Coverage
- Analysis of Key Issues
- The Top 10
- Exhibit 1 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Retail Banking (2008)
- Exhibit 2 Sample Mapping of a Top 10 Business Driver for Retail Banking (2008)
- Business Driver 1: Changing Economic Conditions
- Business Driver 2: Organic Growth
- Business Driver 3: Operational Efficiency
- Business Driver 4: Information Security
- Business Driver 5: Prevention of Fraud and Financial Crime
- Business Driver 6: Industry Consolidation
- Business Driver 7: New Competitors
- Business Driver 8: New Markets and Business Expansion
- Business Driver 9: Changing Customer Preferences
- Business Driver 10: Electronification of Banking and Payments
- Recent Trends and Predictions for the Future
- Summary
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