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Having acted as the nation’s financial shock absorbers early in the COVID crisis, banks must now support Australia’s economic recovery by funding business growth.
Looking ahead, banks can fuel the economic recovery by funding business growth and building a more resilient Australia. They must sharpen their focus on the convergence of industries, controlling costs, further expanding payment capabilities and, above all, accelerating digital transformation. Navigating these challenges will not only breed success in an increasingly competitive environment, but also usher in the future of banking.
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