Where Will Barclays See Growth?

What is the main reason banks like Barclays are focusing on consumer banking?

• To increase their investment banking operations

• To expand their operations in Africa

• To simplify their business structure

• To compete with Lloyds in the UK

How has the banking sector's approach to consumer needs changed?

• By ignoring technological advancements

• By focusing more on product-pushing

• By reducing investment in technology

• By solving consumer needs instead of just selling products

What percentage of UK banking was expected to be conducted via smartphones by 2020?

• 60%

• 50%

• 80%

• 73%

What is a significant threat to traditional banks according to the transcript?

• Fintech companies

• Regulation

• Consumer banking

• High Street banks

How can traditional banks benefit from fintech companies?

• By viewing them solely as disruptors

• By competing directly with them

• By ignoring their advancements

• By collaborating and forming strategic partnerships