Becoming digital natives
The next evolution of banking will be digitally native. Accenture believes, however, that the leap from where most banks are today to becoming a digitally native bank is almost impossible given the complexity, scale and cost of change required.
The future-ready bank is an interim stage with strong economics (an indicative cost-income ratio of 40 percent and ROE of 14 percent) to generate the funding needed for the transformation journey. It will be significantly simplified, much clearer in its purpose and ethics, and far closer to its clients through the use of integrated “big data” analytics.
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