2022 Banking Industry Survey

Navigating in choppy waters

Banks are facing competitive, economic, and geopolitical obstacles. Even so, there is optimism among senior executives at the largest U.S. banks about the future.


The 2022 KPMG State of Banking Survey features insights from 100 senior executives – many representing some of the largest banks in the industry with nearly 40 percent having assets totaling $100 billion or more.

Explore the findings

Growth

Credit risk is the number one threat to growth over the next three years.

Read more

Digitization

60% are investing to develop digital and fintech capabilities.

Read more

Crypto / Digital assets

85% are offering or planning to offer digital wallets.

Read more

   

Metaverse

53% say failing to have a presence in the metaverse will result in significant market share loss.

Read more

Cybersecurity

81% of respondents think cybersecurity threats will increase as digital banking increases.

Read more

M&A

31% say M&A is one of their organizations top 5 priorities.
 

Read more

   

ESG

45% say banks lack the tech solutions to achieve climate ambitions.
 

Read more

Talent

61% say the Great Resignation is a significant concern.
 

Read more

Tax

56% say they are increasing their budget to expand tax department’s capabilities due to domestic and global tax reform

Read more

Contact us

Peter Torrente

Peter Torrente

National Sector Leader, Banking & Capital Markets, KPMG US

+1 212-872-5815