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In this article, we will explore the rise of digital currency, potential impacts on the global financial system, and strategies traditional financial institutions are employing to keep pace. The European Central Bank (ECB) is also exploring the possibility of introducing a digital euro, with Europes CBDC expected to launch from 2028.
For instance, Gen AI tools can analyze market trends, financial data, and economic indicators in real-time to test different scenarios, evaluate new trading strategies, and generate investment recommendations. Accenture forecasts that by 2028 the banking industry will witness a 30% increase in employee productivity.
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