• Standard & Poor’s Financial Services LLC
• 14 May, 2019

Digitalization is already transforming retail banking. In our view, the opportunities and threats for banks from tech disruption relate to the state of technology, regulation, the banking industry's readiness, and customer preferences. We already reflect the potential impact of tech disruption in our Banking Industry Country Risk Assessments (BICRAs) and, subsequently, in our ratings on the respective banks. As such, the content of this article does not signal a change to our
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