1、Banking and Finance United States|April 2023Banking and Finance OutlookDriving innovation and resilience in banking:The critical role of real estate strategy The banking sector faces unique pressures in the current operating environment,grappling with unprecedented levels of economic uncertainty and

2、 a confluence of headwinds including the pandemics impact on hybrid work preferences,cost pressures in a rising rates environment,evolving customer expectations,geopolitical shifts,and increasing regulatory requirements.The structural and cyclical factors shaping the industry reinforce the criticali

3、ty of innovation and digital transformation in sustainable banking.Moreover,recent events in the banking sector have emphasized the importance of developing agile infrastructure to sustain resiliency.The challenging landscape has driven organizations to accelerate their digitalization efforts as a s

4、ource of resiliency and innovation.These efforts will lead to a fundamental restructuring of business models across the banking and financial services sector,and will have a significant impact on business priorities,the workforce,the workplace,and in turn,corporate real estate portfolios.By aligning

5、 real Executive summaryestate strategy with broader corporate goals,banks can ensure that their real estate is optimized to support their tech transformation,DEI and sustainability objectives,and other strategic priorities.In this report we outline how banks can build on progress to date to maximize

6、 efficiency and stay the course for long-term business growth.Banking and Finance Outlook/Executive summary2Sarah Bouzarouata Financial Services Research LeadTo keep up with the rapid pace of AI advancements and leverage innovation to maximize operational efficiency,real estate can be a strategic en