Have banks embraced the digital revolution? Not sufficiently, according to a recent article by McKinsey. While we may be wowed by the way our smartphone cameras can be used to make digital deposits, the future of the global, digital bank will depend on far more than front-end magic.
Disruption comes to all, and the global financial services sector is at a turning point. Where will massive cost-savings be realized? Will banks make moves to protect traditional annuity streams from third-party start-ups? How are mobile solutions in emerging economies making inroads over traditional banking? What lessons can banks learn from the localization and translation moves made by major new media giants in the past five years?
In this article, we’ll take a look at McKinsey’s findings and explore the answers to these questions.
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