stable revenue pool OUTLOOK At the beginning of a bank report, we pointed out to the stable revenue pool of German banks. Let us dampen the excitement about these otherwise good news a bit: Continued stable revenues also mean that growth opportunities of banks in Germany are limited; additionally, higher
Starting points Starting points for innovation exist – but many banks are not aware of this German banks are actually well-positioned to take on the challenge of innovation in many respects, but they often overlook their own potential: • Banks with extensive branch networks have access to various client groups.
Banks need to innovate Why banks need to innovate Due to organisational constraints arising from size, available skills and resources in general, many banks will find themselves at a disadvantage when it comes to adopting and implementing new innovations and technologies in a timely manner. Hence, it is likely that
Innovation-friendly environment Creating an innovation-friendly environment Often, the internal processes within banks do not go well with innovation-friendly cultures. Given the fast pace at which changes happen in the digital age, only four software release cycles per year are no longer appropriate. It will be vital for banks’ senior management