The Asia Pacific banking sector has largely weathered the pandemic crisis. But with revenues being squeezed by low-interest rates and sluggish loan growth, APAC banks will make big bets and increase their spending on technology, talent, and fintech to drive growth. Tapping into the opportunities brought on by the digital momentum gained during the pandemic, banking executives will take a leaf out of disruptors’ books to expand digital offerings, pursue innovation by launching new digital and sustainable products, and experiment with digital currency initiatives:
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This post was written by Forrester’s senior analyst Zhi-Ying Barry and analyst Meng Liu, and it originally appeared here.
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