What is central bank digital currency (CBDC)?
McKinsey & Company
MARCH 1, 2023
CBDCs are digital currencies issued by central banks. McKinsey Explainers BankingTheir value is linked to the issuing country’s official currency.
McKinsey & Company
MARCH 1, 2023
CBDCs are digital currencies issued by central banks. McKinsey Explainers BankingTheir value is linked to the issuing country’s official currency.
McKinsey & Company
DECEMBER 6, 2022
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. Insights on Financial Services Banking Africa
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McKinsey & Company
DECEMBER 20, 2022
Banking is radically transforming. Many banks can thrive by fundamentally changing the way that financial services are embedded into daily life. Insights on Financial Services Banking
McKinsey & Company
OCTOBER 18, 2022
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.
McKinsey & Company
FEBRUARY 13, 2023
Specialist players are disrupting payments and challenging banks to find a new playbook. Insights on Financial Services Banking Asia-Pacific
McKinsey & Company
JANUARY 26, 2023
Bank Jago’s Peterjan van Nieuwenhuizen explains the value a life-centric banking approach has for AI banks. Insights on Financial Services Banking Asia-Pacific Artificial Intelligence Leadership Innovation
McKinsey & Company
OCTOBER 13, 2022
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.
McKinsey & Company
OCTOBER 6, 2021
Leading banks have made deep-seated changes to their technology spending priorities, role mix, and talent mix, unlocking a step change in productivity. Insights on Financial Services Banking
McKinsey & Company
MARCH 9, 2023
As corporate and commercial banks serve increasingly complex needs, new data- and analytics-powered tools can help the front line understand their customers and improve sales. Insights on Financial Services Banking Analytics
McKinsey & Company
APRIL 15, 2021
Although banks face intense pressure from new entrants in financial services, they have an edge in resources they can use to rapidly launch their own digital businesses. Insights on Financial Services Banking
McKinsey & Company
SEPTEMBER 23, 2021
The lessons of transforming performance at one midsize US bank came down to shifting mindsets and behaviors. Transformation Insights Banking Corporate strategy
McKinsey & Company
MARCH 25, 2021
Swift action and a focus on three imperatives could strengthen African banks and support recovery. Middle East and Africa Banking Middle East
McKinsey & Company
NOVEMBER 7, 2022
Four actions can help banks maximize the value of their M&A. Insights on Financial Services Financial Services Banking Mergers & acquisitionsUncertain times can spell opportunity for companies seeking acquisitions—if companies proceed with care.
McKinsey & Company
OCTOBER 1, 2021
Regulators seeking ways to balance protection of customers’ interests, financial institutions’ risks, and their other policy objectives for digital banking can learn from early regulatory experiences. Insights on Financial Services Banking
McKinsey & Company
JULY 13, 2022
Banking distribution needs to account for the evolving interdependencies between channels. Insights on Financial Services Retail banking DigitalAccelerating digital and upgrading the physical experience to “phygital” offers a viable solution.
McKinsey & Company
JULY 29, 2022
Serving larger commercial clients is a significant growth opportunity for US midcap and regional banks—with the right strategy in place. Insights on Financial Services Banking North and Central America
McKinsey & Company
DECEMBER 6, 2021
The CEO of the newly merged Bank Syariah Indonesia (BSI) describes how digital and mobile capabilities unlock new opportunities for Islamic banking within Indonesia—and beyond. M&A Insights Banking Indonesia Mergers & acquisitions
McKinsey & Company
MARCH 23, 2021
Banks are already strengthening customer relationships and lowering costs by using artificial intelligence to guide customer engagement. Insights on Financial Services Banking Artificial Intelligence
McKinsey & Company
JANUARY 19, 2023
After one of its most successful years, Europe’s private banking industry will now need to navigate an uncertain macroeconomic outlook and evolving client needs.
McKinsey & Company
JULY 26, 2022
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. Insights on Financial Services Financial Services
McKinsey & Company
AUGUST 23, 2021
During the pandemic, some banks have learned to reskill, at scale. Insights on Financial Services Banking OrganizationHere, they share their secrets.
McKinsey & Company
SEPTEMBER 2, 2021
With growth diverging again in emerging versus developed economies, banks need to remap their market strategy. Our Insights Banking Strategy Emerging Markets
McKinsey & Company
JANUARY 12, 2023
Future of Asia Banking Asia-Pacific LeadershipAnna Bligh, who formerly served as premier of Queensland, is no stranger to crisis. She explains how tough times can be an opportunity for positive change.
INSEAD Knowledge
NOVEMBER 14, 2021
The Singapore titan’s tech-charged quest to take the banking out of banking has paid off handsomely
McKinsey & Company
OCTOBER 26, 2021
The Greater Boston Food Bank’s $5 million reinvention as a digital-first enterprise has one overriding goal—to put more of its resources toward ending hunger.
McKinsey & Company
OCTOBER 7, 2022
Sustainable financial products can propel revenue growth for banks and contribute substantially to businesses’ progress in meeting global climate goals.
McKinsey & Company
DECEMBER 5, 2022
Senior partner Joydeep Sengupta discusses how banks can navigate headwinds and capture opportunities in the next 12 to 18 months. Videos Asia-Pacific
McKinsey & Company
OCTOBER 10, 2021
As clients demand solutions to enhance their corporate treasury activities, banks are increasingly partnering with fintechs and software players. Insights on Financial Services Financial Services
McKinsey & Company
NOVEMBER 28, 2022
Insights on Artificial Intelligence Banking Analytics Digital strategy and organization Growth LeadershipDBS’s chief analytics officer explains how MLOps and other efforts are enabling the organization to crack the code on scaling AI.
Impact
MARCH 13, 2023
The entire technology industry and world is watching as the fallout from the unfortunate collapse of Silicon Valley Bank (SVB) has had wide-ranging effects throughout the technology and startup ecosystem.
McKinsey & Company
FEBRUARY 8, 2023
To retake a leading position in regional cross-border payments, Asian banks need to focus on growth areas, provide differentiated services, and update their operating models to match fintechs.
McKinsey & Company
MAY 18, 2021
Technology alone cannot define a successful AI bank; the AI bank of the future also needs an operating model that brings together the right talent, culture, and organizational design.
McKinsey & Company
APRIL 27, 2021
For artificial intelligence to deliver value across the organization, banks need core technology that is scalable, resilient, and adaptable. Insights on Financial Services Financial Services Risk Retail & Small Business BankingBuilding that requires changes in six key areas.
McKinsey & Company
FEBRUARY 15, 2023
The founder and CEO of Thought Machine talks with McKinsey about how advances in cloud-based solutions are helping banks meet the technology challenge. Insights on Financial Services Financial Services Agile at scale Growth Innovation IT enablement Digital strategy and organization Customer experience & loyalty
McKinsey & Company
DECEMBER 22, 2020
The global banking industry is facing a long winter, and in the coming months and perhaps years, the COVID-19 pandemic's impact will present banks with many challenges. Insights on Financial Services
McKinsey & Company
SEPTEMBER 23, 2021
As consumer use of digital banking accelerates in Asia–Pacific, the region’s emerging markets have become the hub of banking innovation for digital business models. Insights on Financial Services Financial Services
McKinsey & Company
AUGUST 22, 2022
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.
McKinsey & Company
JUNE 30, 2021
Midsize US banks have held their own in recent years, but competitive pressures may bring a new wave of consolidation. Those using M&A best practices will have an edge. Insights on Financial Services Financial Services
McKinsey & Company
FEBRUARY 26, 2021
Setting a bold vision, adapting the business to respond to market feedback, and putting customer satisfaction first has enabled digital-banking start-up N26 to grow rapidly into a global bank valued at $3.5 Digital Insights Banking Digital Growth Innovationbillion.
McKinsey & Company
MARCH 17, 2021
Trading as a service can make scale benefits more widely available, with opportunities for large banks and other market players. Insights on Financial Services BankingScale is crucial for capital markets sell-side firms in flow businesses.
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