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12/01/2023 - Scope SE & Co. KGaA
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The Wide Angle – European banks in 2023: multi-pronged digital challenge remains
2023 will be another bumper year for European banks from the financial perspective. Which is just as well because the sector will continue to face substantial structural challenges: economic, geopolitical, financial risks from outside the banking system,
But above all else is the continuous struggle to hold ground, grow and compete in the digital ecosystem. The technology and regulation-driven payments revolution in Europe will require most banks to adjust their business models to preserve and grow their customer base and revenues.