January 13, 2017
The traditional banking sector has witnessed considerable changes in the market environment, technology trends and customer expectations, leading to the necessity to respond to those changes. Regardless, a year ahead still holds certain risks federal financial institutions will face and develop an appropriate response to.
A strategic approach is vital for those institutions to remain relevant and is important for timely adoption of advanced technologies, adjustment of business models and transformation of internal processes and structure for higher operational efficiency. Experts from The Office of the Comptroller of the Currency (OCC) in their recent report on the main