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McKinsey on Emerging Risks and AI

McKinsey on Emerging Risks and AI

by Starling Insights

Starling Insights Editorial Board

Oct 18, 2023

Observations

In its recent "Global Banking Annual Review 2023" report, McKinsey & Company asserts that, going forward, financial institutions will need to reinvent themselves in the face of major structural shifts.

McKinsey recommends five priorities as firms look to future-proof themselves: exploiting leading technologies (including AI), flexing and potentially even unbundling the balance sheet, scaling or exiting transaction businesses, leveling up distribution, and adapting to the evolving risk landscape.

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