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Standard Bank Mock Interview

Question 34 of 34 for our Standard Bank Mock Interview

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Question 34 of 34

What do you see as the most pressing challenge within the banking industry currently?

As a banking and finserv professional, you must be on top of the latest changes in the industry. Demonstrate your industry knowledge by pointing to a current challenge you've observed in the banking industry, backed up by pertinent examples and your own relevant experiences with this challenge. It's crucial that you stay up to date with the industry-relevant resources you have available to you to ensure you can answer this question thoughtfully and confidently.

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How to Answer: What do you see as the most pressing challenge within the banking industry currently?

Advice and answer examples written specifically for a Standard Bank job interview.

  • 34. What do you see as the most pressing challenge within the banking industry currently?

      How to Answer

      As a banking and finserv professional, you must be on top of the latest changes in the industry. Demonstrate your industry knowledge by pointing to a current challenge you've observed in the banking industry, backed up by pertinent examples and your own relevant experiences with this challenge. It's crucial that you stay up to date with the industry-relevant resources you have available to you to ensure you can answer this question thoughtfully and confidently.

      1st Answer Example

      "I've found the integration of traditional banking models with rapidly changing technology to be one of the most pressing challenges we're currently facing in the industry. Brick-and-mortar is no longer the norm for many clients, especially those younger, when managing their finances and interacting with banking professionals. I've found this challenge to be an exciting opportunity to expand my digital offerings with clients and provide the best service possible even when I've never met a client face-to-face."

      2nd Answer Example

      "With the digitalization of banking offerings, I think ensuring security and preventing fraud is the most pressing challenge facing the industry. In my previous role, my team worked with an outdated legacy system that presented various security risks. I'm drawn to Standard Bank because of the emphasis you've placed on being fully digital while also fully human in your customer service model, and I look forward to the opportunity to contribute to a team that is on the cutting edge of technological advances and takes pressing security challenges seriously."