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2023 Predictions: What to Expect in the Year Ahead - Brace for the Short, Prepare for the Long: Financial Institutions Calibrate Priorities for 2023

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  • 17 Pages
  • December 2022
  • Region: Global
  • Arizent
  • ID: 5715057
As record-high inflation, rapidly rising interest rates, a cryptocurrency cooldown and the third year of a global pandemic squeeze the economy, financial institutions are plotting a course for 2023. Banks, financial technology companies, credit unions and consulting firms are evaluating their risk appetites and leaning into digital-first strategies. Leaders across the industry are split on recession timelines, but their aggregate outlook on investments inspires hope for recovery.

Key topics in the finance world like environmental, social and governance (ESG) action, potential regulations and innovation opportunities are still taking up real estate in financial firms’ strategies, but banks and fintechs are also worried about inflation and its impact on their customers. Looking toward an uncertainty-laden year, companies are intentionally outlining customer centric, high-tech go-forward plans. This report analyzes the paths that companies across financial sectors are charting for 2023.

Table of Contents

  • Introduction
  • Key Findings
  • About this book
  • Research methodology
  • Macro matters
  • Policy and regulation
  • Technology touch
  • Customers are key
  • Conclusions

Companies Mentioned

  • Bank of America
  • KeyBank
  • Capital One Financial
  • JPMorgan Chase
  • Citi
  • JPMorgan Chase
  • Goldman Sachs
  • Wells Fargo