David Gyori, CEO at Banking Reports, outlines the biggest issues affecting banks today and outlines what he believes the bank of the future will look like. What are the biggest challenges facing retail banks today? There are four major strategic challenges banking executives have to solve simultaneously: low-rates; overregulation; the fintech revolution; and millennials. Each of these challenges are opportunities as well. Even though permanently low rates decrease the profitability of major incumbent banks, they also enhance operative efficiency, cost-consciousness and productivity and these things will be handy in a later expansionary phase.