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May 11, 2022
Strategy for Growing Digital Competition According to Banking Executives Worldwide, Jan 2022 (% of respondents)
Note
Respondents were asked, "What is your financial institution doing to meet growing digital competition?"Methodology
Data is from a May 2022 Economist Impact report titled "Threat Assessment 2022: Digital Competition in Finance" commissioned by WSO2. 300 banking executives worldwide were surveyed during December 2021-January 2022. A minimum of 30 respondents from Africa, Asia-Pacific, Europe, Latin America, the UK, and the US were surveyed. One-third of respondents represent corporate banking institutions with another third in investment banking and the final third in retail banking. A third represents institutions with assets under management below $500 million, and the same number of survey takers represent organizations with assets of $500 million-$2 billion as well as $2 billion and above. About one in ten (11%) respondents come from a digital-only or digitally-native bank; the remainder represent a traditional bank with either significant digital operations (36%), limited digital operations (43%), or no digital operations (9%).Featured In
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Chart Title
Strategy for Growing Digital Competition According to Banking Executives Worldwide, Jan 2022 (% of respondents)Publication Date
May 11, 2022