Understanding what it takes to act like a tech company requires a few key breakthroughs, as this interview with the CIO for DBS Bank highlights. Insights on Financial Services MORE
Banks have addressed the technical requirements of the new rules, but what about their significant strategic implications? Here’s how to prepare. Our Insights MORE
Learning Banking Infographics money visual capitalistConsultants are very visual people, because our clients are. Executives like to seem complex ideas and data simplified, so it is easy to understand and act upon. Clients pay to see simplicity. Simplicity is difficult to do well. Infographics are fun. MORE
Most understand the "too big to fail" banks have gotten bigger and bigger over time as they swallow up smaller banks bit by bit. Here is the concept in picture form courtesy of reader Tim Wallace. Click on any chart for sharper image. MORE
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. MORE
To break out of a performance rut, US regional banks must fundamentally redesign and simplify their operating models. Our Insights MORE
I seriously do not understand this "Bad Bank" concept. If for some reason you disagree, please note that Spain now needs a "Bad Bank" for "Bad Banks". Via translation from El Economista, please consider Another bad bank? The government is considering transferring the debt of insolvent banking business to a fund The Government is considering the possibility of creating a fund or financial vehicle to which banks could transfer the debt of insolvent companies in crisis. MORE
The region’s winners are likely to emphasize a few key themes—such as going digital first or making banking leaner and simpler. Revenue could pick up significantly in the next five years. Insights on Financial Services MORE
Between 2008 and 2014, higher revenue growth correlated with a more focused strategy correlated with higher revenue growth for banks. Banks seeking to thrive in the future should act accordingly Analysis of the 2007 crisis aftermath shows that financial-services institutions with a clear "way to play" and capabilities to match were better at weathering the storm. MORE
For all the angst over the disruptive impact of financial technology providers, the smart money in corporate banking sees fintechs as strategic allies, not enemies. Over the past decade, the fintech market has become a hotbed of customer-centric banking innovation. MORE
European bank shares are down for the second day following a last minute bailout package aimed at Italian banks one … Continue reading → Economics MORE
Reader Tim Wallace sent in a spreadsheet on the total number of banks. click on chart for sharper image Whatever happened to the idea that something needs to be done about "Too Big to Fail Banks"? MORE
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). MORE
Corporate banks have delivered steady returns but face daunting challenges. To succeed in the coming years, they need to find another gear. Insights on Financial Services MORE
Deutsche banks shares are plunging again in morning European tradings. Deutsche Bank shares today set yet another record low in price. The Telegraph reports Deutsche Bank rout deepens: Shares plunge below €10 for first time ever. It’s 4:13 AM in Chicago, but Germany is seven hours ahead making it 11:13 AM in Germany. What is going on? more…). Economics MORE
This confusion originates in the fact that for older forms of money — gold or bank notes — there is no distinction between the “what” and the “how”; you simply pay by handing dollar bills or gold coins to the seller. We’ve already seen this sort of change in the developing world, where not everyone has access to a bank account. This made traditional banks in the U.S. filo/Getty Images. MORE
When news broke in late October that some of London’s largest banks were investing in Bitcoin , cryptocurrencies in general got another boost. Bitcoin itself was created by technologists and programmers with a deep-seated mistrust of central banks themselves. MORE
Digital technologies are reshaping the banking industry at an unprecedented rate, generating waves of fresh opportunity and potential peril for traditional banks. The traditional value chains of banking incumbents show signs of fragmenting. Perspective Thursday, June 16, 2016. MORE
Under ECB stress test rules, bank asset sales must be booked (not just expected to close) to count. Numerous EU banks had asset sales pending but the ECB ignored its own rules in just one case: Deutsche Bank. more…). Economics MORE
BCG’s seventh annual study of global risk management in banking explores the industry’s rising level of economic profit, the ever-evolving and intensifying regulatory climate, and the steps that senior executives must take to stay the course in highly challenging times. MORE
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. MORE
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 MORE
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. MORE
Nearly eight years after the financial crisis, the performance of many retail banks is still disappointing investors and financial markets, particularly in Europe. In fact, retail banks have to reinvent themselves. Article Tuesday, June 21, 2016. MORE
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. MORE
Chief technology officer Mike Murphy discusses Standard Bank’s shift to agile software development and how it has helped improve service delivery and internal processes. Our Insights MORE
The technique can provide important insights to many companies operating under uncertainty. Our Insights MORE
BCG’s Retail-Banking Excellence benchmarking study (REBEX) profiles the operational and digital practices and performance of 20 of the world’s leading retail banks, a group of 40 institutions chosen for their size and the strength of their capabilities. Article Tuesday, May 10, 2016. MORE
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. MORE
The return of economic growth to many of the world's markets, albeit at different rates, should help to boost the overall outlook for retail banking. Article Tuesday, May 10, 2016. MORE
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 MORE
Banking Related Topics 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.
MishTalk
OCTOBER 21, 2016
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.
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. (Source: Google Images).
BCG
MAY 9, 2016
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
McKinsey
MAY 2, 2018
Corporate banks have delivered steady returns but face daunting challenges. To succeed in the coming years, they need to find another gear. Insights on Financial Services
MishTalk
FEBRUARY 8, 2017
Banks do need those services of course, but do those services have to be in every location? Tellers, cashiers, loan officers: Who needs em? Will video teleconferencing suffice? more…). Economics
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
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
BCG
SEPTEMBER 25, 2016
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.
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. Bitcoin itself was created by technologists and programmers with a deep-seated mistrust of central banks themselves.
McKinsey
FEBRUARY 16, 2018
The region’s winners are likely to emphasize a few key themes—such as going digital first or making banking leaner and simpler. Revenue could pick up significantly in the next five years. Insights on Financial Services
McKinsey
MARCH 1, 2018
To achieve robust performance and meet market expectations, US banks will need to embark on ambitious and holistic transformations. Insights on Financial Services
Consultants Mind
NOVEMBER 22, 2017
Learning Banking Infographics money visual capitalistConsultants are very visual people, because our clients are. Executives like to seem complex ideas and data simplified, so it is easy to understand and act upon. Clients pay to see simplicity. Simplicity is difficult to do well. Infographics are fun.
BCG
JULY 5, 2016
For all the angst over the disruptive impact of financial technology providers, the smart money in corporate banking sees fintechs as strategic allies, not enemies. Over the past decade, the fintech market has become a hotbed of customer-centric banking innovation.
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
MishTalk
APRIL 13, 2017
Albert Edwards at Society General commented today on Central Bank Hubris, deflation, and the flattening of the US yield curve. Here are some email snips. more…). Economics
Harvard Business
MAY 7, 2018
This confusion originates in the fact that for older forms of money — gold or bank notes — there is no distinction between the “what” and the “how”; you simply pay by handing dollar bills or gold coins to the seller. We’ve already seen this sort of change in the developing world, where not everyone has access to a bank account. This made traditional banks in the U.S. filo/Getty Images.
McKinsey
JANUARY 23, 2018
But to win, banks will need to capture this disruption and turn it to their advantage. Europe’s second Payment Services Directive opens attractive opportunities for established payments organizations. Our Insights
BCG
JUNE 21, 2016
Nearly eight years after the financial crisis, the performance of many retail banks is still disappointing investors and financial markets, particularly in Europe. In fact, retail banks have to reinvent themselves. Article Tuesday, June 21, 2016.
McKinsey
NOVEMBER 29, 2017
The technique can provide important insights to many companies operating under uncertainty. Our Insights
MishTalk
OCTOBER 11, 2016
Under ECB stress test rules, bank asset sales must be booked (not just expected to close) to count. Numerous EU banks had asset sales pending but the ECB ignored its own rules in just one case: Deutsche Bank. more…). Economics
MishTalk
FEBRUARY 21, 2014
I seriously do not understand this "Bad Bank" concept. If for some reason you disagree, please note that Spain now needs a "Bad Bank" for "Bad Banks". Via translation from El Economista, please consider Another bad bank? The government is considering transferring the debt of insolvent banking business to a fund The Government is considering the possibility of creating a fund or financial vehicle to which banks could transfer the debt of insolvent companies in crisis.
McKinsey
APRIL 22, 2016
Chief technology officer Mike Murphy discusses Standard Bank’s shift to agile software development and how it has helped improve service delivery and internal processes. Our Insights
MishTalk
AUGUST 2, 2016
European bank shares are down for the second day following a last minute bailout package aimed at Italian banks one … Continue reading → Economics
McKinsey
APRIL 13, 2017
Banks have addressed the technical requirements of the new rules, but what about their significant strategic implications? Here’s how to prepare. Our Insights
McKinsey
APRIL 25, 2018
Understanding what it takes to act like a tech company requires a few key breakthroughs, as this interview with the CIO for DBS Bank highlights. Insights on Financial Services
MishTalk
JULY 10, 2016
David Folkerts-Landau, chief economist at Deutsche Bank, says “Europe is Seriously Ill”, and EU banks need a €150 billion bailout … Continue reading → Economics
MishTalk
DECEMBER 4, 2013
Most understand the "too big to fail" banks have gotten bigger and bigger over time as they swallow up smaller banks bit by bit. Here is the concept in picture form courtesy of reader Tim Wallace. Click on any chart for sharper image.
Strategy+Business
JANUARY 15, 2017
Between 2008 and 2014, higher revenue growth correlated with a more focused strategy correlated with higher revenue growth for banks. Banks seeking to thrive in the future should act accordingly Analysis of the 2007 crisis aftermath shows that financial-services institutions with a clear "way to play" and capabilities to match were better at weathering the storm.
BCG
MARCH 1, 2017
BCG’s seventh annual study of global risk management in banking explores the industry’s rising level of economic profit, the ever-evolving and intensifying regulatory climate, and the steps that senior executives must take to stay the course in highly challenging times.
McKinsey
APRIL 11, 2017
By establishing analytics as a true business discipline, banks can grasp the enormous potential. Our Insights
MishTalk
SEPTEMBER 9, 2015
Reader Tim Wallace sent in a spreadsheet on the total number of banks. click on chart for sharper image Whatever happened to the idea that something needs to be done about "Too Big to Fail Banks"?
MishTalk
SEPTEMBER 30, 2016
Deutsche banks shares are plunging again in morning European tradings. Deutsche Bank shares today set yet another record low in price. The Telegraph reports Deutsche Bank rout deepens: Shares plunge below €10 for first time ever. It’s 4:13 AM in Chicago, but Germany is seven hours ahead making it 11:13 AM in Germany. What is going on? more…). Economics
MishTalk
SEPTEMBER 7, 2017
In his latest Email article, Steen Jakobsen, Saxo Bank Chief economist and CIO has a bold prediction about interest rates. With nearly everyone, even Janet Yellen at the Fed, predicting wage-induced inflation, Jakobsen makes a bold call in the opposite direction. more…). Economics
BCG
JUNE 16, 2016
Digital technologies are reshaping the banking industry at an unprecedented rate, generating waves of fresh opportunity and potential peril for traditional banks. The traditional value chains of banking incumbents show signs of fragmenting. Perspective Thursday, June 16, 2016.
McKinsey
DECEMBER 11, 2017
To break out of a performance rut, US regional banks must fundamentally redesign and simplify their operating models. Our Insights
McKinsey
NOVEMBER 13, 2017
Scrutiny of retail banking sales practices is at a high pitch—banking leaders should also see this as an opportunity to reset and strengthen relationships with their customers. Our Insights
BCG
MAY 9, 2016
BCG’s Retail-Banking Excellence benchmarking study (REBEX) profiles the operational and digital practices and performance of 20 of the world’s leading retail banks, a group of 40 institutions chosen for their size and the strength of their capabilities. Article Tuesday, May 10, 2016.
BCG
MAY 9, 2016
The return of economic growth to many of the world's markets, albeit at different rates, should help to boost the overall outlook for retail banking. Article Tuesday, May 10, 2016.
McKinsey
APRIL 6, 2016
Banks have been using digital technologies to help transform various areas of their business. There’s an even bigger opportunity—go all digital. Our Insights
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