COVID Impact On Global Commercial Banking Market 2020-2025

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COVID Impact On Global Commercial Banking Market 2020-2025
The Global commercial banking industry was still recovering from the 2008 global financial crisis when the Covid-19 pandemic shocked the world. Cutting costs and building on their core competencies to gain competitive advantage is the optimal strategy to combat this.

  • The banking industry grapples with many challenges, customer retention being primary. There are several regulations that banks have to comply with such as Basel III, the Dodd-Frank Act, CECL and ALLL.

  • These regulations restrain resources and activity and non-compliance results in copious fines. Increased competition from various financial institutions is another challenge that has resulted in partnering with these firms to eliminate competition.

  • Banks have started using AI in the decision making for values under USD 25 million and 75% of those decisions are made in a day. NatWest and RBS have deployed AI for decision making in high value commercial portfolios.

  • AI driven decision making helps banks manage their portfolio and mitigate risk in a time and cost-efficient manner.

 

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  • AI and ML driven algorithms can enhance anti money laundering strategies. Banks are also building data infrastructure, subscribing to cloud services and turning away from traditional informational infrastructure.

  • India will witness material level of recovery in 2021, as there has been a rise in the levels of weak assets. Profitability to deteriorate for the near future. Public sector banks hit harder by the pandemic as compared to private sector banks.

  • The commercial banking sector in India faces high pressure to strike a balance between reducing the bulk of NPAs and providing adequate credit supply to the economy, making it a gradual process.

 

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COMPANIES PROFILED

  • J.P. Morgan Chase

  • HSBC Holdings 

  • Wells Fargo

 

THIS COMMERCIAL BANKING MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. Commercial Banking Market size and Forecast , by region, by application
  2. Average B-2-B price for Commercial Banking Market, by region, per user
  3. Technology trends and related opportunity for new Commercial Banking Market tech suppliers
  4. Market share of leading vendors, by region,
  5. Coronavirus impact on Commercial Banking Market earnings

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