The Banking sector is undergoing significant change in customer demands and expectations. Emerging technologies like Artificial intelligence, Blockchain, IoT, cybersecurity and mobile technologies have changed the actual configuration of the banking industry.
Are banks prepared to make the full transition to the digital world? And what is the future of traditional banking as we know it?
According to a 2018 EY study, in ten years, banks will have significantly fewer employees, and the ones that remain will have a very different skill set. There are two solutions to this: banks either bring in tech-savvy people or train them.
Not only technology will change the profile of a typical banker, but also what it means to have a career in banking. A bank executive from the Bank Governance Leadership Network postulates that a new hire will be expected to have four to five careers within the bank. The banking leaders of tomorrow can work across different functions and business lines, understands digital transformation and can manage change.
Our training program was designed to support executives in the banking industry to adapt to the new requirements of a digitized economy. It allows participants to build on their leadership skills, communication, and strategic direction capabilities.
Some of the topics to be discussed during the program are the latest trends in the banking industry, how digitization will change the banking industry and how to adapt to a digital culture.
By the end of the training session, participants were expected to:
- Have an understanding of the main global trends in finance;
- Create a plan to develop the necessary skills to thrive in the new digital landscape;
- Develop strategies and tactics that support digitization.