As banks face disruption from low revenue growth (2% in the past 5 years), #McKinsey identifies 4 strategic options to become more efficient and deliver more value. The firm advises banks to choose a strategy aligned with their competitive advantage and follow through on its decisions.
"While the case for digital currency is not universal, we should investigate it further, seriously, carefully, and creatively. More fundamentally, the case is about change—being open to change, embracing change, shaping change.
In the world of #Fintech, we need to harness change so it is fair, safe, efficient, and dynamic."