Introduction

Bernardo Nicoletti ()
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Bernardo Nicoletti: Temple University

Chapter Chapter 1 in Banking 5.0, 2021, pp 1-12 from Palgrave Macmillan

Abstract: Abstract The global recession and the pandemicPandemic hit hard. They have affected all organizations and functions. After these crises, it is vital to develop and manage innovative strategies in banking. Except for fintech organizations, banking has almost remained outside of the trend of digital transformations. Some financial institutions have begun to innovate, create new business models, invest in emerging technologies, and partner with fintech organizations, either financing or buying them. AccentureConsultant and advisoryAccenture, in a survey, found that only 1 in 10 banks were committed to digital transformation; 4 in 10 were trying to transform but had no integrated strategy, and 5 out of 10 were not making any progress.

Date: 2021
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DOI: 10.1007/978-3-030-75871-4_1

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