Home / Perspectives / Global Banking & Finance Review: The Role of Geopolitical Tensions in Shaping Digital Banking’s Future in Emerging Markets Want to learn more? CONTACT US Contact Us First Name*Last Name*Company*Work Email* What can we help you with?*How did you hear about us?I agree to receive marketing communications from Orion Innovation.* I agree to receive marketing communications from Orion Innovation. We are committed to protecting and respecting your privacy. Please review our privacy policy for more information. If you consent to us contacting you for this purpose, please tick above. By clicking Register below, you consent to allow Orion Innovation to store and process the personal information submitted above to provide you the content requested.EmailThis field is for validation purposes and should be left unchanged. Home / Perspectives / Global Banking & Finance Review: The Role of Geopolitical Tensions in Shaping Digital Banking’s Future in Emerging Markets An unexpected force is driving the digital transformation of the banking sector, especially in emerging markets: geopolitical tensions. Political instability and military conflicts are proving to be catalysts for rapid advancements in digital banking, compelling financial institutions to innovate and adapt to meet the evolving needs of their customers. Similar to the lessons learned from the global pandemic – the best response to disruptions and crises is building digital resilience. The need for digital transformation in banking has never been more acute than in regions experiencing political and social upheavals. In times of conflict, tragedies, and uncertainty, traditional banking infrastructures often struggle to meet the demands of the day, hampered by instability and physical barriers. However, digital banking emerges as a beacon of resilience, offering uninterrupted access to financial services for communities in flux. A Strategic Pivot to Digital-First Banking In response to the challenges posed by geopolitical strife, banks in developing countries are increasingly adopting a digital-first strategy. Pivoting toward technology-enabled financial services is a strategic imperative to ensure continuity of service. Digital banking platforms, with their cloud-based infrastructure, offer a flexible and scalable solution that can adapt to changing economic, political, and social conditions. This includes the ability to respond to global regulatory actions and develop new product offerings and customer service initiatives to support vulnerable customers in need. Read the full article. Author Anoop Gala Financial Services Industries Financial Services Banks
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