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In an era characterised by mounting pressures on profitability, intensifying competition from digital disruptors, and steadily declining margins from traditional banking products, retail banks face unprecedented challenges.
The insurance industry, like many others, is undergoing significant transformation, driven largely by disruptive technologies, changing consumer behaviour, and an increasingly complex global landscape.
In light of the recent draft amendments to the Private Security Industry Regulations that restrict certain calibres of firearms for private security in public places, security companies may need to seek alternatives to deploying armed personnel in some situations.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?