A renewal strategy towards truly digital banking

The world is turning digital at a furious pace. Most industries across the globe—financial services included—are grappling with Digital Darwinism, because both technology and consumers are evolving faster than they are. Research by McKinsey indicates that a digital strategy can boost profitability by 40% in the next five years, if it is effective, or erode profitability by 35%, if it is not. Clearly, digital transformation should be a top priority for banking leadership in 2016;