Ed-Watch

In 2022 the global retail banking industry had a target to spend $250 billion on technology which is projected to climb to $308 billion by 2027. However, the finance function which forms 20% of the banks’ total staff lacks the digital skills and competencies needed to fully exploit technology and automation. Resultantly there’s a massive skills gap in the bank’s finance function hampering their digital transformation ambitions. We are looking at a total market size of $6.5 billion, SAM of $1.2 billion dollars, and the SOM, which is our current market of Pakistan, GCC countries, and India, of $614million.