article thumbnail

Perspectives on model risk management of cybersecurity solutions in banking

McKinsey

The sooner banks start their journey and establish an effective approach to model risk management of cybersecurity solutions, the quicker they will be able to manage risk and establish controls.

Banking 87
article thumbnail

Best of both worlds: Balancing digital and physical channels in retail banking

McKinsey

Banking distribution needs to account for the evolving interdependencies between channels. Accelerating digital and upgrading the physical experience to “phygital” offers a viable solution.

Banking 139
Insiders

Sign Up for our Newsletter

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

article thumbnail

How transaction banks are reinventing treasury services

McKinsey

As clients demand solutions to enhance their corporate treasury activities, banks are increasingly partnering with fintechs and software players.

Banking 108
article thumbnail

Introduction: Building the AI bank of the future

McKinsey

To thrive in the AI-powered digital age, banks will need an AI-and-analytics capability stack that delivers intelligent, personalized solutions and distinctive experiences at scale in real time.

Banking 109
article thumbnail

A time for reinvention—Challenges and solutions for the Romanian banking system

McKinsey

The pandemic is the biggest stress test in decades for the global banking system. Romanian banks need to fundamentally rethink their business model in order to overcome this challenge.

Banking 81
article thumbnail

Banks’ core technology conundrum reaches an inflection point

McKinsey

The founder and CEO of Thought Machine talks with McKinsey about how advances in cloud-based solutions are helping banks meet the technology challenge.

Banking 63
article thumbnail

Workplace Culture: How to Leverage Innovation No AI Bot Can Replace

Let's Grow Leaders

More restaurants are moving toward tablet-based ordering; banks are closing branches as consumers prefer to do easy transactions online; and even healthcare visits are being reduced by remote monitoring. When the easy work is automated, will your managers know how to draw out the best solutions from their teams?