Financial Institutions Face Economic Uncertainties, Rising Competition from Consolidation and Digital-Only Providers, According to New Strata Report

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CFO Outlook report highlights potential impacts of regulatory changes, other industry concernsCHICAGO, March 07, 2025 (GLOBE NEWSWIRE) -- Financial institutions nationwide are preparing to navigate significant economic uncertainties and mounting competition from non-traditional, digitally based competitors and industry consolidation throughout 2025, according to a new report from Strata Decision Technology.

"Financial institution leaders face considerable challenges as they work to bolster stability for their institutions in 2025,” said Eric Wheeler, Senior Director for Product Management at Strata.

Leaders will need to prepare for a variety of potential outcomes as they navigate shifting market forces, rising competition, and an unclear economic environment.” Finance leaders cited shifting interest rates as both the No.1 risk and the primary driver of business model change in 2025.

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Category: Technology

Markets: ChinaCanadaMexico

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Published On: 2025-03-07 @ 17:53:00 (3 days ago)

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