Tag "McKinsey"
Will Generative AI Fundamentally Reshape Banking?
A technology revolution is underway that stands to transform the banking industry fundamentally. Generative AI, which burst onto the scene in early 2023, leverages advanced natural language models to automate a vast range of cognitive tasks. As this versatile innovation
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APAC Drives Record Growth in Global Payments Revenues as Cash Declines — McKinsey
The 2023 McKinsey Global Payments Report has recently illuminated the extraordinary performance of the payments industry in 2022. The APAC region, synonymous with innovation and economic dynamism, remains a focal point of this progress, providing a wealth of opportunities to
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MAS Launches S$5 Million Grant to Fund Scalable Blended Finance Solutions
The Monetary Authority of Singapore (MAS) and Convergence Blended Finance, a global network for blended finance, announced the launch of a S$5 million Asia Climate Solutions Design Grant at the inaugural Transition Finance Towards Net Zero (TFNZ) conference yesterday. Hosted
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McKinsey: Banks Need to Reinvent Themselves or They Will Eventually Disappear
In Asia, consumers’ tech-savviness, the rise of fintech, and advances in technology are requiring banks to reinvent themselves, according to a new report by McKinsey. In a paper titled Future of Asia Banking: How Asia is reinvesting banking for the
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