Bank
Strategy
Australia boasts a sophisticated and diverse banking sector. The sector is a central artery in the body of Australia's economy.
​
During and following the GFC, Australian banking institutions continued to perform strongly relative to international peers. ADIs remain profitable, adequately capitalised and well-positioned to meet the various global regulatory requirements.
​
However, the Australian banking sector is currently undergoing transformation. This is due to a confluence of various factors including:​
-
accelerating technological take-up;
-
introduction of open banking;
-
FinTech innovations;
-
subdued credit growth; and
-
demographic changes.
​​
"The accelerating pace of change from regulatory and technological developments brings the unprecedented potential to transform retail banking"
- UK Financial Conduct Authority
Our Expertise
Strategy & Planning
Gen Advisory has the depth of experience to advise ADIs and FinTechs on the following:
Current and intended markets
Customer-centricity
Strategic Future Plan
Outlook
​
As has been widely publicized, banks globally need to adjust to a new, more challenging era for banking. Australian ADIs are no exception.
​
Australian ADIs are currently being squeezed by the new world of ultra-low interest rates, subdued credit growth, and low inflation. With mortgage lending rates projected to continue to fall, ADI net interest margins (NIMs) are likely to face sustained downward pressure.
​
Opportunity
The new era, however, also brings new opportunities.
With the impending mandatory Open Banking regime as well as recent advancements in financial technologies, far-sighted ADIs which are able to capitalize on the opportunities which FinTech and RegTech present will enjoy a competitive advantage over their peers.
Strategic risk
Business diversification
Growth and exit strategies
Industry and regulatory
developments
FinTech opportunities
Overseas expansion