More than 460 banking experts took part in Fraunhofer IAO’s Banks & Future 2013 trend survey. According to the respondents, the biggest challenge stems from the current politically induced, historically low interest rates and their impact on banks and financial service providers. The survey also reveals the measures being implemented by banks to counter this volatile market situation.
Fraunhofer IAO conducts an annual survey in which banking and finance executives identify the trends they consider key to the future of banking. This year’s survey drew a response from more than 460 directors, managers and decision-makers representing all major banking groups and financial service providers in the German-speaking countries of Europe.
They were asked to assess the difficulties they currently face, and strategic areas of future investment. A detailed analysis was made of general market trends, developments in the banking sector, and measures envisioned by banks in 2013 to deal with the present challenges.
The responses to this year’s Banks & Future trend survey indicate that the current, volatile market situation and the fundamental changes affecting the banking sector are the source of some discomfort or even anxiety. Nonetheless, many of the respondents still see the long-term development of their business activities in a positive light. In the view of the participating institutions, the politically induced low interest rates are the greatest challenge today.
Many banks have not yet adapted to the dynamic pace of change in the business environment, and are insufficiently prepared to compete in the fierce battle to attract new customers. They urgently need to develop their capacity to innovate and respond rapidly to the demands of the marketplace. If they continue with “business as usual”, they run the risk of being displaced by competitors offering new, customer-centered solutions that will whittle away the banks’ profits still further. To stay in business, banks must focus on their traditional strengths while at the same time redefining their strategy.
The results of the survey will be presented for the first time during the Banks & Future conference and workshop in Frankfurt am Main on September 17 and 18, 2013 (conference language: German). Employees of banks and financial service providers are warmly invited to register for this event by clicking on the link below. Attendance is free of charge, and the closing date for registration is September 6, 2013. More information on the work of the Banks & Future Innovation Forum is provided (in English) on the website.
Juliane Segedi | Fraunhofer-Institut
Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik
Scientists have developed a new method of characterizing graphene’s properties without applying disruptive electrical contacts, allowing them to investigate both the resistance and quantum capacitance of graphene and other two-dimensional materials. Researchers from the Swiss Nanoscience Institute and the University of Basel’s Department of Physics reported their findings in the journal Physical Review Applied.
Graphene consists of a single layer of carbon atoms. It is transparent, harder than diamond and stronger than steel, yet flexible, and a significantly better...
The world's highest gain high power laser amplifier - by many orders of magnitude - has been developed in research led at the University of Strathclyde.
The researchers demonstrated the feasibility of using plasma to amplify short laser pulses of picojoule-level energy up to 100 millijoules, which is a 'gain'...
Staphylococcus aureus is a feared pathogen (MRSA, multi-resistant S. aureus) due to frequent resistances against many antibiotics, especially in hospital infections. Researchers at the Paul-Ehrlich-Institut have identified immunological processes that prevent a successful immune response directed against the pathogenic agent. The delivery of bacterial proteins with RNA adjuvant or messenger RNA (mRNA) into immune cells allows the re-direction of the immune response towards an active defense against S. aureus. This could be of significant importance for the development of an effective vaccine. PLOS Pathogens has published these research results online on 25 May 2017.
Staphylococcus aureus (S. aureus) is a bacterium that colonizes by far more than half of the skin and the mucosa of adults, usually without causing infections....
Physicists from the University of Würzburg are capable of generating identical looking single light particles at the push of a button. Two new studies now demonstrate the potential this method holds.
The quantum computer has fuelled the imagination of scientists for decades: It is based on fundamentally different phenomena than a conventional computer....
An international team of physicists has monitored the scattering behaviour of electrons in a non-conducting material in real-time. Their insights could be beneficial for radiotherapy.
We can refer to electrons in non-conducting materials as ‘sluggish’. Typically, they remain fixed in a location, deep inside an atomic composite. It is hence...
24.05.2017 | Event News
23.05.2017 | Event News
22.05.2017 | Event News
30.05.2017 | Life Sciences
30.05.2017 | Life Sciences
30.05.2017 | Physics and Astronomy