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Top 5 post-pandemic trends in banking industry

chinadaily.com.cn Updated: 2022-05-27

Digital transformation will become an irrevocable trend for the banking industry's development after the COVID-19 pandemic, according to a report by the 21st Century Business Herald.

About 78 percent of participants of an investigation on the future of the banking industry in Asia gave responses to that effect.

Let's see some other trends that may bring tremendous opportunities to the banking industry, according to the Asian Banking Development Report 2021.

No 5 Cross-border business development

Currencies of different countries. [Photo/Sipa]

No 4 Inclusive finance development

A woman shows banknotes and coins in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua]

No 3 Promote green finance

No 2 Develop consumer finance

Consumers browse for perfume at a Young Beast store in a shopping mall in Beijing. [Photo provided to China Daily]

No 1 Accelerate digital transformation

A staff member of the Bank of Communications Beijing Branch instructs a visitor to open a digital RMB wallet on a mobile phone on June 16, 2021. [Photo/Xinhua]

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