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2017Corporate News

EY Banking Barometer 2017: Banks seeking to optimize processes

According to EY, measures going beyond tactical cost reductions are needed to resolve the structural profitability problems of the financial industry. EY has reached the conclusion that banks must apply concepts of industrialization to their own value chains. The results of the consultancy firm’s annual Banking Barometer reveal that banks’ vertical integration will become shallower while reliance on outsourcing solutions will increase.