The banking industry is a complicated one, with a lot of moving parts. It's also a very competitive industry, which means that banks have to stay on top of their game to stay competitive. But how do you know what the future holds for a bank?
I've put together this brief look at what American banks will be like in 2022.
In 2022, American banks will still be playing catch-up when it comes to technology. While many other industries have been using automation software for years now—as the retail sector—banks have been slow to adopt these systems and technologies into their infrastructure. This means that their employees are spending time doing work that could be done by a computer or machine instead; however, it also means that banks are not taking advantage of all the benefits automation has to offer. As such, I expect them to continue hiring new people instead of getting rid of old ones simply because they don't have enough money in their budgets for automation systems or software developers who can help them out with implementing those systems into their existing infrastructure.
In addition, I expect American banks will continue investing heavily in cybersecurity efforts as well as customer service training programs so that they can keep up with customer demands while providing quality products and services at reasonable prices.
So why do so many banks exist? Because people want them! It turns out that Americans love having lots of options when it comes to banking services, and they love getting their hands on new technology as soon as it comes out. This means that even though there are only five major credit unions in America (and four major savings & loan associations), every single one of them is doing really well because people love being able to bank online!