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FEATURE better profitability but only on account of

better operating leverage. There has been no
visible effect on revenue increase yet. Those Your most effective
not focusing on digital transformation have
either shown no increase in profitability or way to capture
poorer margins. the Banking & Finance
To be future ready, banks do not have a Segment
choice but to commit time and resources to
a digital transformation strategy. The ROI
may not be clear now, the territory may seem
unfamiliar, the process may be arduous but
that is the only way to survive.

Avneesh Mishra is the CEO for the Middle East business
of Karvy Fintech (Bahrain) WLL, a fund administrator,
licensed and regulated by the Central Bank of Bahrain.
The views expressed in this article are his own and do
not reflect those of his organization. If you are interested
to get in touch with Avneesh, please write to him at Capture Financial Markets
avneesh.mishra@karvy.com. Connect with Financial Sectors

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30 Bahrain Banks Directory 2020