This podcast episode explores the major changes and challenges affecting the banking industry, including the decline in bank balance sheets, the shift to digital payments, and the rise of embedded finance. It emphasizes the significance of technology adoption, fostering a strong risk culture, and understanding the role of the Indo Crescent region. The speakers discuss the strategies banks can employ to navigate risks and adapt to the changing landscape, such as unbundling the balance sheet, rethinking traditional banking strategies, and embracing partnerships.