Rethink the Banking Sector
30 June 2020
The crisis of COVID-19 poses structural, credit and capital costs for the banking industry, thus adversely affecting its competitiveness and financial stability. COVID-19 impacts banks in a number of ways, based on the form of bank, its size and its geographical position.
Throughout this global report, our BDO Banking experts offer insights into the problems that banks face and provide realistic guidance on how BDO should help the banking industry at all levels of the COVID-19 crisis and beyond.
BDO Malta Head of Technology Advisory, Ivan Spiteri stated: “COVID-19 is driving the movement towards digital banking. The surge of digital services in other sectors has primed customers to expect satisfying and complete online interactions in all areas of their life, including banking. COVID-19 has just served to increase people’s desire for digital services, turning it into a priority.”