Looking at more traditional banks- it can be seen that a #TraditionalBank like #Citi has 200K employees and 200M clients making the customer to employee ratio 1000. On the other hand, #AntFinancial has 10K employees and 1.2B clients making the customer to employee ratio 120K. Although there is a difference in the markets, the 120X efficiency warrants questions with respect to efficiency of traditional banks.
Therefore, the sheer size of the gap in the ratio between the two is a testament to the need for #banks to shift towards digitalization in order to stay competitive in the global and regional markets.
If you want to know more about the trends in the financial ecosystem, you’re openly invited this next Thursday, August 6th at 11:00 AM CT, to our webinar
"Fintechs, revolutionary and trending companies"
Get your free tickets here: https://lnkd.in/ed3PPUy