The survey results underpinning the WEF’s Global Risks Report 2022 paint a bleak picture for the global recovery, with just one in six international business leaders feeling positive about the outlook for the world. 

Penalties that financial institutions incurred for non-compliance with anti-money laundering and data privacy regulations have dropped significantly in 2021. However, there is still much work to be done to stem financial crime.

Cryptocurrencies, sustainability and financial inclusion are the notable hot topics for the banking industry over the past year, as well as regulatory changes and the continued digital transformation of the sector. 

In recent weeks, a few central bank experiments with wholesale digital currencies and blockchain have come to fruition, as well as private sector initiatives, all aiming to improve transaction settlement. 

The 11th edition of McKinsey’s annual banking review analyses the global industry’s profitability challenges, as well as the widening gap in market-to-book ratio between top and bottom performers.

Join us (virtually) as we raise our glasses to the banks that outshone their peers in terms of performance, strategic initiatives and response to the Covid-19 pandemic in 2021.

Discussions around climate change and wider sustainability factors still need focus and a sense of urgency.

According to a recent report, the pandemic has lit a fuse under cloud adoption in banking. However, there are a few challenges – and perceived risks – that need to be overcome.

The non-fungible token marketplace has exploded this year. But is this akin to the Tulipmania in the 1600s or does it signal a lasting market change?

The 2021 McKinsey Global Payments Report takes the pulse of the industry as it recovers from the impact of the pandemic.