The German and European banking sector is undergoing rapid transformation due to digitalization, ESG integration, regulatory changes, demographic shifts, and increased competition from FinTechs. Key challenges include managing complexity, leveraging AI and data, optimizing business models, and ensuring resilience and security. Banks must adapt quickly to survive, with successful integration of AI and ESG being crucial. Consolidation and evolution towards technology‑driven or platform‑based approaches are likely. Banks face a "transformation trilemma" of managing digital, regulatory, and ESG changes while maintaining profitability.
THE PAPER IS IN GERMAN