New trends in banking management

In recent decades, globalization, heightened competition, and rapid socio-economic and technological changes have significantly impacted global economic, financial, and business landscapes. Banking institutions worldwide now face new challenges and risks, alongside emerging business opportunities. The sustainable development of the banking system is crucial not only for the institutions themselves but also for the broader business and economic environment at both regional and international levels. The continuous development of innovative banking products to meet evolving customer needs—across firms, organizations, and individuals—highlights the substantial changes within the banking industry over the past twenty years. Establishing new products and processes requires effective management and is intertwined with various disciplines, including advanced quantitative analysis for risk management, information technology, and quality management. These approaches are essential, as traditional empirical methods are increasingly inadequate to navigate the complexities of the modern banking sector. Embracing these innovative strategies will be vital for banking institutions to thrive in an ever-evolving landscape.