Why banking is often a balancing act

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With a vast collection of ultra-high-net-worth clients, Monaco’s banking marketplace is highly competitive and requires a great deal of expertise&nbsp


Author: Stephan Sieder, COO, Compagnie Monégasque de Banque


August 21, 2019

Modern-day customers have more factors to consider than ever before when choosing their financial services provider, ranging from technology and security to customer service and strategy. The industry’s service offering continues to grow and develop at a rate of knots, bolstered by powerful new tools such as robotics, big data, artificial intelligence, blockchain and cloud technology, which will continue to be disruptive for years to come.

Meanwhile, online banking is becoming increasingly sophisticated and, along with mobile banking, has radically transformed the way clients manage their finances. A push for technological innovation, however, must be counterbalanced by the development of creative and holistic strategies in order to safeguard clients’ money in the face of cybersecurity risks.

Privacy and excellence in…

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