Question
Traditionally, banks have been known to offer basic off-the-shelf financial services which include taking deposits and safeguarding the deposits for their customers while paying little
Traditionally, banks have been known to offer basic off-the-shelf financial services which include taking deposits and safeguarding the deposits for their customers while paying little interest on huge deposits. However, with the wake of financial innovations taking the world by storm ,banks in Kenya have been required to customize their services to suit their complex clientele needs in order to maintain their relevance in the industry. Banks have been forced to adopt new structural framework which encompass the elements of financial innovations.Discuss (20 MARKS)
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