UAE banks need to reevaluate business strategies in the face of new challenges | GulfNews.com:
"In the wake of market volatility and tightening global liquidity, banks will need to reevaluate the way they approach changes and challenges in their customer and business strategies and focus on digital and talent strategies in 2016 to stay ahead in the long run — according to KPMG’s UAE Banking Perspectives report.
The banking sector — both globally and in the UAE — is currently facing a number of strong headwinds. Globally, institutions are focusing on enhancing regulatory capital. Digital and broader technology advances are challenging the customary ways of doing business. New market participants -non-bank financial institutions — are encroaching on traditional hunting grounds.
In addition to the challenges faced by their global counterparts, the UAE’s banking sector is facing region specific challenges such as tightening liquidity, margin compression and potential rise in loan impairments."
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