Question

What are two(2)operational problems or issues in the Banking & Financial Services sector?

Answer 1

the financial service industry is one , where managing money by various business activities. we have to discuss two operational issues in these field. Actually there are several issues , but due to your request , i mentions only two.
1. rising competition : this is very big challenge in recent times. Many new comers in these field have playing big role today . so if you are an old one in these field , please study about the new comers strategies for your long term survival in this field. here i also mentions about customer loyalty. if you provide services asper the customer opinion , then they will be more satisfied . and the biggest problem of rising competition is customer turnover , which can remove from your company through customer loyalty . And always interact with them for better survival.
2. data , assets security issues : you know , in the recent times , there are increasing hackers very well. our up to date data may leak in any time without our consent. so customers are worry about their financial insecurity. thus they think about the deposit , whether take from the company back or to retain there. yes we all are customers . so we needs more safety for our investment. based on our technological development, the hackers initiates new things to hack the personal details well. this is very critical issue in this field.