How mid-sized banks can modernize finance at the point of work

  • February 25, 2026

Mike Roberts

Principal, Workday Financials Transformation Leader, Consulting Solutions, PwC US

Arjun Katyal

Managing Director, Financial Services, PwC US

The finance reality for mid-sized banks

Mid-sized banks are being held to enterprise-grade expectations—precise reporting, strong controls, and real-time insight—while operating with far-leaner finance teams. Manual journals, spreadsheet-driven reconciliations, and after-the-fact reviews still consume significant time and talent, slowing close cycles and limiting visibility into performance.

At the same time, the pressure to modernize is accelerating. PwC research shows that nearly three-quarters of financial services executives believe a majority of today’s revenue streams are not future-proof, and 72% see their organizations as highly vulnerable to ongoing economic, regulatory, and technology shocks. These conditions demand finance functions that move faster, operate with greater confidence, and scale without adding complexity.

The banks gaining ground are not attempting to replicate large-bank operating models. Instead, they are modernizing where finance work actually happens.  

Why mid-sized banks are positioned to leapfrog

Modern finance organizations are moving away from labor-intensive models built around periodic reviews and month-end heroics. In their place is an approach that emphasizes automated journal processing, embedded controls, faster close cycles, and continuous visibility into financial performance.

For banking leaders, the impact is often tangible: faster closes without adding headcount, greater confidence in reported results, and improved readiness for audits and regulatory reviews.  

The shift to embedded intelligence

Modern finance organizations are moving away from labor-intensive models built around periodic reviews and month-end heroics. In their place is an approach that emphasizes automated journal processing, embedded controls, faster close cycles, and continuous visibility into financial performance.

For banking leaders, the impact is often tangible: faster closes without adding headcount, greater confidence in reported results, and improved readiness for audits and regulatory reviews.  

Making It Real

In regulated banking environments, modern finance capabilities should be carefully calibrated to policies, controls, and supervisory expectations. Experienced advisors like PwC help confirm automation is applied in ways that align with governance requirements.

Mid-sized banks can scale smarter by modernizing finance at the point of work—closing faster, gaining insight earlier, and supporting growth without added complexity.

Follow us