Flat World Banking

Today, we live in a world far different from the one in which we were born. While this statement might have been repeated time and again by every generation, you would agree with me that it is more apt today than ever before. The confluence of globalization, Internet and communication technologies, the rise of emerging economies, the increasingly stringent regulatory landscape and changing demographics is leveling the playing field for businesses across the globe – essentially creating a ‘Flat World’. Over the past decade the banking industry too has been a witness to these dramatic transformational forces. These forces are creating a paradigm shift in the way banking needs to be done today and has compelling implications for the future. ‘Banking in a Flat World’ is therefore, the theme for this issue of FinacleConnect with the cover story