The banking sector has made significant strides toward recovery since the 2008 financial crisis, demonstrating a considerable improvement in its overall health and stability.
Staying ahead of the curve is crucial in an era of complex challenges and rapid technological advancements. According to The Banker’s Top 1000 World Banks for 2022, the minimum Tier 1 capital for a bank in the Top 1000 now stands at $556 million, up from $547 million last year. Additionally, aggregate Tier 1 assets have reached their highest-ever level, growing 3.8% to $154.21 trillion.
Chinese banks now make up 65% of aggregate Tier 1 capital in the Asia-Pacific region, up from 62% last year. On the other hand, North American banks’ share of net income has risen from 23.9% to 28.5%, while Western Europe’s share has increased from 10.3% to 17.3%. Furthermore, other countries have taken the initiative to introduce novel features aimed at enticing fresh clientele while retaining their existing customer base.
Our eBook, “From Legacy to Leading-edge: Navigating the Path to Data Modernization in the BFSI Industry,” offers valuable insights and practical steps to help you navigate the evolving landscape and embrace data modernization.
Discover the obstacles and roadblocks faced by the industry.
Explore key statistics and industry trends highlighting the urgency and importance of data modernization.
Learn how organizations have leveraged data modernization strategies.
Discover the fundamental actions and decisions required to kickstart your data modernization journey.
Delve into the 8 key pillars of a successful data modernization strategy.
How Indium can support your organization’s data modernization journey. Don’t miss out on this valuable resource! Download our eBook, and embark on a successful journey toward a modern and thriving financial institution.