98 Smarter analytics for banks
McKinsey
SEPTEMBER 20, 2018
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
Banking Related Topics 
African banking after the crisis
McKinsey
JUNE 30, 2020
Here’s how African banks can manage the impact of COVID-19—and prepare for recovery. Middle East and Africa
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Optimizing data controls in banking
McKinsey
JULY 1, 2020
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. Risk Insights
Reshaping retail banking for the next normal
McKinsey
JUNE 12, 2020
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
Consulting or Banking
Tom Spencer
MAY 8, 2016
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. Within an investment bank, the work is split into many roles including investment banking, sales and trading, equity research, risk management, operations, and technology. In comparison, investment banks are competitive and hierarchical.
First Woman CEO of an Investment Bank
CaseInterview.com
SEPTEMBER 12, 2020
She will be the first woman CEO of a major Wall Street investment bank. Here’s more on her career path via the New York Times: Citigroup’s Fraser to Be First Woman to Lead a Big Wall Street Bank. Thursday, Citigroup announced that they are appointing Jane Fraser to be CEO.
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The future of banking in ASEAN
McKinsey
FEBRUARY 12, 2020
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.
How Asia is reinventing banking for the digital age
McKinsey
FEBRUARY 12, 2020
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.
How the State Bank of India is learning from crisis
McKinsey
JULY 24, 2020
Rajnish Kumar, chairman of India’s largest bank, discusses COVID-19, digital transformation, and the future of work in financial services. Strategy & Corporate Finance Insights
Is AI the Solution for the Banking Sector? (Part I: Problems)
Tom Spencer
JUNE 16, 2018
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.
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Is AI the Solution for the Banking Sector? (Part 2: Solution)
Tom Spencer
JUNE 16, 2018
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
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Leading a consumer bank through the coronavirus pandemic
McKinsey
MARCH 25, 2020
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.
Banking system resilience in the time of COVID-19
McKinsey
JULY 29, 2020
Capital cushions at European, UK, and US banks look adequate in most scenarios—and challenged in others. In either case, they must be rebuilt, and that will require some difficult decisions. Insights on Financial Services
Banking imperatives for managing climate risk
McKinsey
JUNE 2, 2020
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
Rewriting the rules in retail banking
McKinsey
FEBRUARY 19, 2019
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
No going back: New imperatives for European banking
McKinsey
MAY 19, 2020
Now is the time for Europe’s banking leaders to reimagine how their institutions operate and their role in society. Insights on Financial Services
Blockchain and retail banking: Making the connection
McKinsey
JUNE 7, 2019
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
Bitcoin, Digital Currency and The Future of Banking
Tom Spencer
NOVEMBER 5, 2016
When news broke in late October that some of London’s largest banks were investing in Bitcoin , cryptocurrencies in general got another boost. Beyond hoarding digital currency as a defensive move in the age of DDOS bank robbers, banks are beginning to think about ways that bitcoin could be used within the banking industry globally. Bitcoin itself was created by technologists and programmers with a deep-seated mistrust of central banks themselves.
Firing on all cylinders in North American commercial banking
McKinsey
FEBRUARY 19, 2020
Faced with a recent slowdown in growth, North American commercial banks can focus on six “engines” to fuel longer-term profitability through the cycle.
Shaping and safeguarding the banking workforce after COVID-19
McKinsey
APRIL 25, 2020
Banks can respond to this moment and reshape their workforce norms and culture to come out stronger than before. Insights on Financial Services
Management Consulting versus Investment Banking
Management Consulted
DECEMBER 16, 2008
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. Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases. Cashflow or not, the extra money is substantial and a defining driver of why many people do investment banking. INVESTMENT BANKING.
Data sharing and open banking
McKinsey
SEPTEMBER 5, 2017
The potential benefits of open banking include improved customer experience, new revenue streams, and a sustainable service model for underserved markets. Our Insights
Productivity transformation for US regional banks
McKinsey
APRIL 24, 2019
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
Lessons from leaders in Latin America’s retail banking market
McKinsey
JULY 19, 2019
A look at how leading banks outperform in the world’s fastest-growing banking market. Insights on Financial Services
The future of private banking in Europe: Preparing for accelerated change
McKinsey
JULY 20, 2020
European private banks were already feeling pressure to revitalize. Now that the pandemic has accelerated changes in the expectations of clients and employees, the industry will need to accelerate its transformation. Insights on Financial Services
Remaking banking customer experience in response to coronavirus
McKinsey
APRIL 8, 2020
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. Insights on Financial Services
Six digital growth strategies for banks
McKinsey
APRIL 12, 2018
Banks that know where to look can find new sources of untapped value. Digital Insights
Managing a customer-experience transformation in banking
McKinsey
OCTOBER 10, 2018
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
Inflection point: Seven transformative shifts in US retail banking
McKinsey
OCTOBER 2, 2019
Only ten years ago, the US retail banking industry was in the depths of the global financial crisis, as many once leading institutions struggled to survive. Since then, after bringing in billions in fresh capital, US banks have made a return to stable ground and greater liquidity. Now, however, several transformative forces are accelerating the evolution of US banking and promising to make the business more challenging in the next ten years.
Digital banking in Indonesia: Building loyalty and generating growth
McKinsey
FEBRUARY 12, 2019
Indonesian consumers are embracing digital banking. To attract them, banks need to take an active approach. Insights on Financial Services
Reaching Asia’s digital banking customers
McKinsey
APRIL 12, 2018
Asia’s banking customers are migrating to digital channels in force. The challenge for the region’s banks is to deliver superior digital experiences before competitors do. Insights on Financial Services
The transformative power of automation in banking
McKinsey
NOVEMBER 2, 2017
A second wave of automation in banking will increase capacity and free employees to focus on higher-value projects. To capture the opportunity, banks must take a strategic, rather than tactical, approach. Our Insights
Open banking’s next wave: Perspectives from three fintech CEOs
McKinsey
AUGUST 21, 2018
The CEOs of Ping Identity, Plaid, and Tink share their views on the prospects for open banking and the pressing need for players to develop a data and customer strategy.
Global Corporate Banking 2016: The Next-Generation Corporate Bank
BCG
DECEMBER 12, 2016
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. The corporate banking sector encompasses diverse segments within and across regions, each with varying business and economic dynamics. Report Monday, December 12, 2016.
Asia’s opportunity for growth in banking
McKinsey
AUGUST 27, 2019
Asia is the world center for banking growth, with consumer finance at the forefront. Asia-Pacific
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