article thumbnail

Reshaping retail banks: Enhancing banking for the next digital age

McKinsey

The current model of universal retail banking is unsustainable over the long term. To thrive, banks need to reinvent themselves, focusing on businesses where they can achieve and extend market leadership in the new digital world.

Banking 114
article thumbnail

Using AI to Get a Bank Loan? Read This First

LivePlan

It's tempting to hand the work over to AI tools when writing a business plan for a bank loan. But relying on AI too much carries these risks.

Banking 80
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Central bank digital currencies: An active role for commercial banks

McKinsey

With central banks increasingly exploring central bank digital currencies (CBDCs), now is the time for commercial banks to establish their role in a fast-changing landscape.

Banking 112
article thumbnail

Helping banks think like tech companies

McKinsey

Mambu co-founder Eugene Danilkis talks about how banks can approach core technology transformation and keep up with the fast pace of change, then offers his take on the future of human interaction.

Banking 132
article thumbnail

The future of banks: A $20 trillion breakup opportunity

McKinsey

Banking is radically transforming. Many banks can thrive by fundamentally changing the way that financial services are embedded into daily life.

Banking 134
article thumbnail

Should US banks be moving to next-generation core banking platforms?

McKinsey

Banks today urgently need a new core platform, but building one is time-consuming, expensive, and uncertain. It may help to think strategically and pursue a two-track process.

Banking 131
article thumbnail

African banking: The productivity opportunity

McKinsey

African banks can increase their productivity to enhance competitiveness, build resilience, and deliver new value to customers—even in the face of a tightening global business environment.

Banking 107