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By André EHLERDING, Katja HEUSCHRÖCK, Jochen MANEGOLD und Arnd HESSELER, zeb consulting*
In the aftermath of the financial crisis, numerous regulatory initiatives have tied up considerable resources tasked with ensuring that the requirements were met. The situation has been exacerbated by a historically low level of interest rates putting pressure on interest income. Together with the general reluctance of the industry to come up with innovative solutions, this has restricted the efforts of many banks to further develop and implement digitalization initiatives. The ongoing digital revolution and the associated disruption have only been dealt with to a limited extent.
However, advancing digitalization requires a comprehensive transformation of...
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