The cumulative net present value gain of these higher global standards is equivalent to more than 35 per cent of global GDP.10 Conclusion Let me conclude. Markets work better than anything else. They have proven over time to be the best generator of prosperity.
Customers as a group are no longer satisfied with off- the- shelf products and would rather have products customised to their individual needs. Towards this end, the banks have to leverage Big Data and proactively offer products and services that suit the needs of individual customers.