Will digital banks
The march towards digital banking products and services has cranked up several notches with the onset of COVID-19. The banking industry is undergoing digital transformation, and the tectonic shift is set to change the face of banking.
Post COVID-19, such a shift is likely to have an impact on the commercial real estate strategy of conventional banks, which also offer digital products and services. The increasing significance of the digital banks will also have an effect on their customers’ real estate needs, particularly start-up firms and SME’s.
What does this mean for the commercial real estate in terms of portfolio footprint and future of workspace to cater to the next normal of Covid-19? How should occupiers and property owners alike re-imagine the future of commercial real estate post-COVID arising from digital transformation in the financial services industry?