This article was originally published on CUInsight.
If you’re like countless others, you’ve grown weary of hearing terms like ‘unprecedented’, ‘pandemic’, and ‘the new norm’. Let’s face it, we were all thrust into a fight we hadn’t trained for, and we got knocked down in round one – 2020. Round two – radical and reactionary transformation – charged at us all through 2021. Now, we know our opponent and round three is ours for the taking. This past year demonstrated the industry’s resilience and adaptability, but it was merely groundwork for the changes we can anticipate in the new year.
The landscape to which we had become accustomed shifted right beneath our feet. With evolving consumer preferences, consolidations, and evolving regulatory environment, financial institutions have had to be ready for change almost daily. While these global conditions further accelerated changes already in the works, they created a dire pivotal point requiring leaders to reassess priorities and adapt to this dynamic reality. Even in the new year, we must be quickly decisive and light of foot. One might even say “float like a butterfly, sting like a bee”.
Taking the lead to influence global financial change doesn’t happen overnight. But financial institutions can alter the trajectory of these changes by not only acting when opportunities present but creating the opportunities themselves.
Read the full article here.
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