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The traditional banks need to reconsider their strategies to face competition from non-bank financiers

The traditional banks need to reconsider their strategies to face competition from non-bank financiers

According to the report ”Securing your tomorrow, today. The future of financial services” conducted by PwC globally, the main role of the traditional banks in financing the economy is increasingly threatened by alternative capital providers

The main role of the traditional banks in financing the economy is increasingly threatened by alternative capital providers (non-financial institutions), according to the report ”Securing your tomorrow, today.The future of financial services” conducted by PwC globally.

The study estimates that in the post-pandemic period the contribution of these non-traditional players will increase, after, in the last decade, we have witnessed a reversal of trends.

For more information, please see the Romanian version of the article, here.