Thus, there is a need to take care of what we could not achieve in the first round of  2  BIS central bankers’ speeches  technology implementation and think beyond CBS. Supported by the latest technology, banks would need to identify new business niches, to develop customized services, to implement innovative strategies and to capture new market opportunities.
With further globalization, consolidation, deregulation and diversification of the financial industry, the banking sector is set to become even more complex. But successful banks make it simple and those who are able to achieve that will be more successful. It is here that the concepts of Next generation Banking is taking centre stage. There is a need to fast forward to Banking 2.0.