African banking after the crisis


Here’s how African banks can manage the impact of COVID-19—and prepare for recovery. Middle East and Africa

Consulting or Banking

Tom Spencer

This post provides you with a high level comparison of management consulting and investment banking. Investment banks help companies raise money for various purposes including investment, acquisitions, and provision of working capital. (Source: Google Images).

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Reshaping retail banking for the next normal


Retail banks have a prominent role to play in guiding the world toward economic recovery, while preserving the health of their organizations. Insights on Financial Services

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Optimizing data controls in banking


Banks need to do more in four important areas of data culture to build the risk-related data-control capabilities they will need in the coming decade.

From Banking to Consulting

What follows is a success story I received from a reader who transitioned from banking to consulting as an experienced hire. My background: 4 years as equity analyst, MBA, 5 years in banking in equity capital markets (IPOs and such). After getting quite disillusioned with the banking industry over the last few years, I got laid off, and had to reassess what to do next. Consulting Job Offer Reports banking experienced hire McKinsey offer success story

Smarter analytics for banks


Banks have a strong foundation in using data. New research reveals how they can get even more from their analytics investments. Insights on Financial Services

Is AI the Solution for the Banking Sector? (Part I: Problems)

Tom Spencer

The financial services industry has seen drastic technology-driven change over the past few years, and digital has fundamentally reshaped consumer behaviour in banking. However, customer expectations are high and it is difficult for banks to decide which technologies to focus on.

Management Consulting versus Investment Banking

Management Consulted

The cons of investment banking – the long hours, the repetitive and unengaging nature of the work, the lack of non-finance exit opportunities – mattered far more to me than a 6-figure salary. Investment banks, on the other hand, have a more competitive, hierarchical setup.

Is AI the Solution for the Banking Sector? (Part 2: Solution)

Tom Spencer

Before we dive into why AI is the solution for the banking sector, let’s first explore what big tech companies have in common, how many of them have grown successfully, and what banks can learn. Usage of AI in the Banking Sector. AI / Big Data AI banking

No going back: New imperatives for European banking


Now is the time for Europe’s banking leaders to reimagine how their institutions operate and their role in society. Insights on Financial Services

Banking imperatives for managing climate risk


More than regulatory pressure is driving banks to manage climate risk. Financing a green agenda is also a commercial imperative—but specialized skills are needed to protect balance sheets. Risk Insights

How Asia is reinventing banking for the digital age


The West has led the world’s banking industry in growth and innovation, but now Asia is tilting the scales. As the pace of growth slows, Asia’s banks must reinvent themselves to survive.

Global Corporate Banking 2016: The Next-Generation Corporate Bank


Corporate banking is a tough business. In fact, BCG’s most recent Corporate Banking Performance Benchmarking survey—of 300 corporate banking divisions around the world serving the small, midmarket, and large business segments—found a dramatic split between the best and the rest.

Blockchain and retail banking: Making the connection


Caution is understandable when it comes to blockchain, but there are a number of areas where the technology could create value for retail banks. Insights on Financial Services

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Management Consulting Vs Investment Banking

Management Consulting Prep

Why should you choose Management Consulting over Investment Banking? Now landing a job in either one … Management Consulting Vs Investment Banking Read More » The post Management Consulting Vs Investment Banking appeared first on Management Consulting Prep

The future of banking in ASEAN


Tengku Zafrul Aziz, group chief executive officer and executive director of CIMB Group Holdings, discusses the challenges to traditional banking in Southeast Asia and how banks can adapt.

Banking on Digital Simplicity


Despite a tentative financial recovery, the retail-banking industry faces unrelenting, disruptive challenges. Banks that hope to prevail must urgently pursue digital simplicity. BCG Banking Pools data shows that global retail-banking revenues rose 3% in 2015, to nearly $1.6

Shaping and safeguarding the banking workforce after COVID-19


Banks can respond to this moment and reshape their workforce norms and culture to come out stronger than before. Insights on Financial Services

Ralph Hamers on Disrupting the Banking Industry


The bank’s stated purpose: “Empowering people to stay a step ahead in life and in business.” To this end, ING aims to simplify the banking experience, making its services fast, easy, and accessible. Video Tuesday, September 20, 2016.

Remaking banking customer experience in response to coronavirus


In the context of COVID-19, banks can better serve customers in distress by enhancing support in the use of digital tools and new products and services.

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Rewriting the rules in retail banking


Four important trends are changing the terms of success in retail banking. Banks need to act now to develop new skills. Insights on Financial Services

Productivity transformation for US regional banks


Scale advantages are emerging for the largest US banks; their regional peers need to build highly efficient delivery models in order to compete. Insights on Financial Services

Banking models after COVID-19: Taking model-risk management to the next level


The COVID-19 pandemic has revealed unexpected flaws in the business models that banks rely upon. How can they best address this challenge? Risk Insights

Leadership in the time of coronavirus: COVID-19 response and implications for banks


As the effects of the COVID-19 pandemic continue to reverberate, banks have a role to play as systemic stabilizers. Insights on Financial Services

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Banks – Industry Overview

Tom Spencer

The Business of Banking. Banks are intermediaries for capital and hold the risk when supply and demand is not perfectly balanced. Commercial Banking. As the bank takes the risk, it is said to be underwriting the loans. Investment Banking. Bank Income Statements.

Looming Banking Crisis?


Below is a transcript excerpting the main parts of the first section of the interview on the problems in the European banking system and what measures might be taken if push were to come to shove.

Asia’s opportunity for growth in banking


Asia is the world center for banking growth, with consumer finance at the forefront. Asia-Pacific

Firing on all cylinders in North American commercial banking


Faced with a recent slowdown in growth, North American commercial banks can focus on six “engines” to fuel longer-term profitability through the cycle.

Leading a consumer bank through the coronavirus pandemic


The implications of the COVID-19 crisis are profound for consumer and small-business banks, and the steps they take now will shape operations long into the future. Here is where to start. Insights on Financial Services

Data sharing and open banking


The potential benefits of open banking include improved customer experience, new revenue streams, and a sustainable service model for underserved markets. Our Insights

Talent in wholesale banking: Building a sustainable competitive advantage


People with the right skills and talents are the greatest differentiator for banks. They are also the scarcest resource. Insights on Financial Services

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Wholesale Transaction Banking: Leveraging “Fin” and “Tech”


Although B2B does not grab as many headlines as C2B, significant pain points still exist for banks’ corporate customers, and the opportunity to solve problems and deliver value is sizable. Article Monday, September 26, 2016.

Six digital growth strategies for banks


Banks that know where to look can find new sources of untapped value. Digital Insights

Managing a customer-experience transformation in banking


As banks rush to transform their customer experience, it’s easy to trip up. Here’s how to execute a step change that moves ahead of competitors. Insights on Financial Services

Stability in the storm: US banks in the pandemic and the next normal


Banks will be tested. Now is their chance to use their hard-won resilience to preserve the financial system and support their customers and communities. Insights on Financial Services