Some factors that impact the functionality of the banking
industry like; political, economic, social, technical, legal, and
environmental. Political influence has a great role in the banking
and financial services. Banks used to have great influence and
power. But the government has launched a high level of regulations
to scrutinize the financial institutions. It is because they
acquire a great amount of savings of the public. Therefore, banks
should obey the laws of the state. In 2020, the regulatory pressure...