TowerGroup Research Director George Tubin discusses the top 10 business drivers in retail banking. Tubin: 2009 is going to be all about capital conservation, not putting out big capital-intensive projects, cutting costs wherever the institution can. 2009 will be a lot about deposit gathering, because retail consumer, or consumer deposits are still extremely important to the retail bank, and may be more important than ever, because of having less access to credit cards. 2009 Business Drivers for Banks: Financial institutions are going to continue to spend and continue to put resources in the area of information security, fraud prevention, and regulatory compliance.”]
Source: https://www.cuinfosecurity.com/2009-business-drivers-for-banks-a-1081