The changing landscape for banks.

This article explores the challenges faced by banks in adapting to changing markets and technology. It discusses the shift of assets from banks to other financial institutions and emphasizes the importance of technology, such as digital payments, in banking. The article also mentions the risks banks face, including regulatory requirements and cyber threats, and suggests that banks should focus on technology, risk culture, and global opportunities to remain competitive. It highlights the need for banks to implement technological improvements, have a clear strategy, and adapt to changes in the balance sheet. The article concludes by urging financial executives to embrace the new era and approach the future with a different mindset. [Extracted from the article]