Banking and Consulting Services

Banking sector forms an integral part of GCC's non-oil economy. Amid economic diversification efforts and policy reforms, GCC banks have immense potential for growth. In the face of intensifying competition from local banks and emerging fintech companies, maintaining a strong digital presence has become not just a strategic advantage, but a necessity for banks.

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Overview

Banking has been one of  sectors that is witnessing rapid technological development over the last few decades. Across every touchpoint—from customer engagement to internal operations—the banking industry is in a constant state of transformation, driven by accelerating digital adoption. Faced with stiff competition from fintech companies, regional players are under pressure to deliver innovative products and services and keep up with latest technological developments across their value chain. 

Over the years, GCC has seen some significant bank mergers and given the overbanked nature of the region, mergers and acquisitions and the creation of larger banks are expected to remain a key trend in the region. GCC banks enjoy significant state support from their respective governments. With growth in the region's non-oil economy,  as the countries work towards their respective vision targets, banks in the region have ample opportunities for growth. 
 
At Marmore, we enable our banking clients to address critical strategic questions and navigate market challenges  through actionable insights, underpinned by in-depth research, industry expertise, and data-driven analysis. We also help the C-Suite in banks stay on top of latest industry developments through periodic  market intelligence reports and strategy consulting services. Given banking's touch points with other industries and our deep expertise across sectors, we also support banks in tracking and analysing developments across a broad range of sectors.

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