Credit Klavia, Keymon’s largest private-sector financial institutions and potentially one of the largest yet dormant banks on both the Artanian and Seleyan continent has announced that following a unanimous vote of the bank’s board of governors, a fundamental transformation of its business model had been approved to the tune of some 5 billion KED. In a press release dated earlier this morning, the bank’s Group CEO and President Marina Gartmann confirmed that following numerous attempts to convince the board of governors that a transformation of the bank’s core business model was needed to (1) reinvigorate the institution and (2) ensure it remains abreast and ahead of the curve in various financing innovations. Gartmann, who only took over the position of CEO and President following the resignation of Finnian Gasser due to retirement, noted that the bank had experienced a period of lacklustre growth prior to her appointment largely due to its inability to keep up with other financial institutions throughout the world. Caulking much of this performance up to both the bank’s archaic business model and broad underperformance within the Keymonite financial service sector, Gartmann stated that the renewed commitments of the Keymonite Government and the gradual increase of multi-sectoral economic activity provide the bank with a unique opportunity to reinvent itself and grow. Beyond this, Gartmann pointed to improved economic activity throughout the world, particularly within the Artanian continent and Majatra as an inherent opportunity for the bank to continue to expand beyond Keymon’s borders. The transformation in question pertains to challenges related to the adoption of innovative technologies and the manner in which its branches throughout the world are managed. On the adoption of innovative technologies, Gartmann lamented that although the Bank had poured significant financing into developing its own, in-house digital solutions/innovation centre, not much had come of the bank’s investment, as she noted that the structure had been “gutted” under previous CEOs who preferred to integrate existing systems into the bank’s overall architecture. Gartmann noted that a portion of the 5 billion KED approved for the bank’s restructuring (roughly 400 million KED) would be to rebuild the Innovation Centre into a high-functioning, permanent structure of the bank. The decision has been met with broad approval from other executives within the bank including the Bank’s Chief Information Security Officer (CISO) Benoît Fresez who stated that by developing solutions in-house which are made under the supervision of the bank’s internal information security mechanisms, it ultimately reduces the risk of cybernetic attack from unwanted sources. On the conduct and general management of the bank’s subsidiaries throughout the globe, Gartmann explained that instead of establishing a physical presence in various nations, the Bank would establish regional headquarters in each continent from which the vast majority of the bank’s operations within a specific region would be managed from. She explained that the current structure had ultimately eliminated the much-needed wiggle room for “radical ideas” which were needed for the bank to maintain steady competition with established financial institutions in the various continents. Providing an example of this transformation, she explained that owing to the situation in Dorvik, the bank would likely move its regional headquarters for Artania from Haldor to Fort William, owing to the relative stability of that nation’s economy as well as its vibrant political system. From there, the bank intended to continue to expand its reach within the continent, selectively offering services within specific countries where it believes said services would be beneficial. From commercial, private and even investment banking, Gartmann stated that the transformation would lend itself to an improvement in the bank’s performance when compared to other institutions.