Scaling up: A guide for midsize banks
As banks and their clients face economic pressures, regional institutions must return to fundamental strategies to tackle core challenges.
In recent years, bank leaders prioritized achieving scale, often aiming for a balance sheet of $300B or more. With rising costs of capital and increased competition, scaling has become even more essential. Fintechs and other nonbank entities—such as Big Tech, telecoms, consumer retail, and industrial players—are encroaching on financial services markets, capturing share from slower-moving banks.
To successfully scale amidst this intensified environment and stringent regulatory scrutiny, regional banks can leverage emerging technologies like AI, advanced data analytics, open APIs, and cloud computing.
Source: https://www.lek.com/insights/fin/us/ar/survival-success-scaling-strategies-midsize-banks
