According to Reuters, global banks have the opportunity to increase their capital by 7 trillion dollars in the next 5 years. For this, they will have to take important steps to become stronger and more productive.
According to BCG’s recommendation, banks should invest in increasing productivity and radically simplifying the banking business. Banks are very likely to overcome the problems of the global financial crisis and increase their revenues accordingly.
In the BCG’s announcement, it is said that the banking sector must introduce artificial intelligence, which will further simplify operations and services in the banking sector.
By Mariam Mtivlishvili
