The most recent SFI White Paper reveals that Swiss private banks are being forced to revise their value chains further using industrialization strategies in order to be able to fulfill the present and future requirements of state-of-the-art banking. According to a survey of Swiss private banks, most respondents have still not engaged sufficiently in the industrialization process, and their efforts are concentrated mainly on cost cutting rather than on efficiency gains. Banks are advised to take action soon, since not fully industrialized value chains will make it difficult for Swiss private banks to operate profitably and staying competitive will require a great deal of effort.