<description>&lt;p&gt;McKinsey&amp;rsquo;s &lt;a href="https://www.mckinsey.com/industries/financial-services/our-insights/global-banking-annual-review"&gt;latest research on global banking&lt;/a&gt; demonstrates that artificial intelligence isn&amp;rsquo;t just another efficiency play for financial institutions; it represents a fundamental shift in how these companies manage costs, attract and retain customers, and stay ahead of the competition. In this episode, &lt;a href="https://www.mckinsey.com/our-people/ido-segev"&gt;Ido Segev&lt;/a&gt;, McKinsey senior partner and Roberta Fusaro, editorial director talk about the speed with which AI is advancing, what&amp;rsquo;s holding banks back from scaling it, and the potential advantages for early movers.&lt;/p&gt; &lt;p&gt;Theme music composed, performed, and produced by Joy Ngiaw.&lt;/p&gt;&lt;p&gt;See &lt;a href="https://www.mckinsey.com/privacy-policy"&gt;www.mckinsey.com/privacy-policy&lt;/a&gt; for privacy information&lt;/p&gt;</description>

The McKinsey Podcast

McKinsey & Company

Move first or fall behind: How AI is rewriting the rules of banking

MAY 28, 202624 MIN
The McKinsey Podcast

Move first or fall behind: How AI is rewriting the rules of banking

MAY 28, 202624 MIN

Description

McKinsey’s latest research on global banking demonstrates that artificial intelligence isn’t just another efficiency play for financial institutions; it represents a fundamental shift in how these companies manage costs, attract and retain customers, and stay ahead of the competition. In this episode, Ido Segev, McKinsey senior partner and Roberta Fusaro, editorial director talk about the speed with which AI is advancing, what’s holding banks back from scaling it, and the potential advantages for early movers. Theme music composed, performed, and produced by Joy Ngiaw.See www.mckinsey.com/privacy-policy for privacy information