The COVID-19 health crisis has reshaped almost all industry including retail banking. Discuss the trends you can
Question:
The COVID-19 health crisis has reshaped almost all industry including retail banking. Discuss the trends you can observe in retail banking during the pandemic and what could be future banking trends toward economic recovery.
(To be supported by real examples)
Guideline:
The assignment is a very open ended question. As from the statements in the question, no specification to the geographical areas or corporate level of discussion. There are a few approaches to discuss this question,
eg 1. top down approach
global retail banking -> regional retail banking -> country retail banking (of course it will be meaningful if discuss about our own country) -> companies discussed for your group assignment
eg. 2 differentiation approach
global retail banking trends after pandemic -> business segment/retail banking product most affected -> new business opportunity created or need to divest certain existing business segment or any kind of restrategise or change in the assets portfolio etc etc
NOTE: Mentioned above are just some suggestion, not exhaustive
Supporting examples: Can be domestic or international
However, ultimately, your discussion should be meaningful for the domestic banking to improve further.
May I know how to discuss and explain the trends and what could be future banking trends toward economic recovery.
I hope to listen to your explanation and suggestion. Thank you so much.
Expert Answer:
Answer Lets delve into some trends observed in retail banking during the COVID19 pandemic and potential future banking trends toward economic recovery Digital Transformation Acceleration The pandemic ... View the full answer
