Skip navigation

Banking sector audit

The banking industry is currently in the eye of the storm, bearing the weight of its shareholders, employees, and customers while allowing government stimulus packages to flow freely.

The banking industry is currently in the eye of the storm, bearing the weight of its shareholders, employees, and customers while allowing government stimulus packages to flow freely.

Banking institutions have had to alter their operations as the epidemic continues to test their resilience, current frameworks, and systems. The flexibility of their operating models depends on the effectiveness and success of their response. Beyond agility, however, redesigning the MENA banking operating model along the "digital fault line" - the organization's level of digital adoption and maturity – will be the defining aspect of an effective response.

To thrive in the years ahead and beyond COVID-19, institutions must fully embrace digital, which will allow them to be more adaptable and robust to future shocks. The MENA banks' trajectory will be defined by their response to the crisis, distinguishing the visionaries from the following.

Related

What Is Generative Engine Optimization (GEO)

The Next Evolution Beyond SEO The world of search is evolving faster than ever — and Generative Engine Optimization (GEO) is leading the transformation. As AI-powered tools like ChatGPT, Per...

Read more
Join us for our upcoming MRGN Open House: Global Expansion & Business Growth!

Join us for our upcoming MRGN Open House: Global Expansion & Business Growth! Discover how businesses can successfully navigate international markets and achieve sustainable growth. 📅 Da...

Read more
IESBA Publishes New Guidance to Support Implementation of Standards on External Experts and Sustainability Assurance

The International Ethics Standards Board for Accountants (IESBA) today released two new staff publications to enhance understanding and support global adoption and implementation of its ethics st...

Read more