For the past three years, swaying to the tune of a global pandemic, the financial services industry has been one of transformation, survival, and a roller-coaster. Entering 2023, while it may feel as if the U.S. and the rest of the world are moving into a post-COVID-19 environment, other issues intensify. The largest land war in Europe since World War II, global recession woes, climate change, and frayed political landscapes—even in the developed world—continue to test the financial services industry.
