Study highlights greatest risks, challenges and areas of opportunity for banks and credit unions over the next 12 months.
What do financial executives say are their biggest threats, challenges and opportunities in 2016? An annual study from Computer Services Inc. (CSI) examines the priorities, initiatives and areas of focus that will define the strategies for community-based institutions in the coming year. The report includes survey data and industry-specific analysis on the issues commanding attention from banks and credit unions.
2016 promises to be an exciting year – and perhaps challenging – year in Banking. In addition to pressures from traditional competitors, namely banks and credit unions, new products, innovation will continue to be offered by fintech and payments providers as well. Consequently, today’s financial institutions need to be vigilant about new threats – and open to new opportunities – in their markets.
For more information on expected movements and innovation in Banking and Payments in the coming year, Mercator Advisory Group has published several industry outlooks that focus on specific service areas as well as the broader Banking and Payments markets.
Overview by Ed O’Brien, Director, Banking Channels Advisory Service at Mercator Advisory Group
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