Andreas Dombret: Sitting it out is not an option - what does digitalisation mean for Germany's banking sector?

Speech

Andreas Dombret: Sitting it out is not an option - what does digitalisation mean for Germany's banking sector?

By Bank for International Settlements (BIS)

In this insightful opening speech at the 19th Banking Symposium, Dr. Andreas Dombret addresses the profound digital transformation sweeping through the German banking sector, famously declaring that "sitting it out is not an option." He identifies three primary drivers behind this wave: rapid technological advancement, the emergence of innovative FinTech competitors, and evolving customer…

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