The current economic, regulatory and commercial climate can lead to conflicting messages when trying to grasp the challenges and opportunities facing the retail banking technology industry throughout 2012.
Economic growth continues to elude many fragile economies throughout Europe and the West. This, alongside an international context of increased scrutiny and regulation as a result of failings exposed by the banking crisis, provides a difficult context for the world’s financial services industry. The UK is no exception. With dwindling growth figures and the looming regulatory upheaval of a retail banking ring fence, UK banks will certainly feel pressure upon their balance sheets in 2012. (more…)
