Tech innovation is driving structural change throughout the economy, including in banking. Digital transformation is no longer an option for banks. It is essential for them to stay competitive and meet customers’ demands. More in our Supervision Newsletter https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230215_2.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=230215_basu_newsletter_feb_2023