From a traditional banking arena in regulating transactions, the banking sector has come way far in recent years, emerging as a technology-driven horizon with improvised overall customer experience, per the soaring innovations in the European economy. Adopting a digitised practice in the industry, the banking sector has emerged as a frontier opening up formidable opportunities in the sector.
With the integration of blockchain-enabled smart contracts, financial transactions are streamlined, leading to enhanced transparency within the domain. As a result, digitisation and technology-driven practices have emerged as the future of the banking industry. It is anticipated that by the end of 2023, the median return on equity (ROE) will reach approximately seven per cent, surpassing the growth rate of the previous annual period at 6.3 per cent. A critical growth opportunity in the European banking sector prevails, despite the economic slowdown in the European continent, aiding increased funding capabilities.
In this edition of Banking CIO Outlook, we present banking solutions providers in Germany at the revolutionary forefront of improving efficiency in the banking sector via adapting to technology-driven practices to regulate and customise transactions. Featured companies, EFDIS and get it live proffer various measures to increase efficacy scores within the industry. These companies are dedicated to facilitating real-time digitised banking solutions for businesses with increased accuracy and transparency throughout the continent.
The magazine also includes insightful opinions of Joy Huesmann- Overmeer, Global Head Process Management & Optimisation, KYC Operations, Deutsche Bank and Jerome Adams, Head of Finance Insights & Data Analytics, Shawbrook Bank, imparting profound knowledge and experience in the banking industry. We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses.
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