The third edition of TCS BaNCS Research Journal showcases insights on key trends shaping the Islamic financial industry and the Middle East.

The financial crisis in 2009 left most of the GCC markets grappling with a liquidity challenge, although, on the whole, the region—along with other emerging markets—has proven resilient. Apart from following prudent economic policies and the more crisis-resistant Islamic form of banking, financial institutions in the region are proof of the fact that investments made in a downturn are equally important to maintaining competitive advantage during growth.

Financial services organizations are fundamentally shifting their strategy canvas by not just focusing on customers and competitors, but on end-customers and new players, or alternatives. This would mean creating new sources of value for buyers and new demand, thereby shifting the strategic pricing, packaging, white-labeling and delivery of solutions. They are also adopting different efficiency strategies for the retail and wholesale segments and demanding shared infrastructure. SOA is enabling them to avoid redundant and hidden costs of ownership. Investments or “Change the Bank” strategies are largely around channel-aware and channel-agnostic initiatives to truly realize the potential of the “any place is a banking place” paradigm of the future.

In this issue, we feature unique perspectives on:

Enjoy the read.

Comments are closed.