INDUSTRY INSIGHTS YOUR PEERS ARE READING
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 MORE
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. MORE
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 MORE
To emerge from a period of potential consolidation, Asia’s banks must reinvent themselves or risk disappearing. Insights on Financial Services 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
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
Profitably serving small and medium-sized enterprises has been a challenge for banks. An ecosystem approach may be the key to tapping this vast market. Insights on Financial Services 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
Banks sit at the center of a vast, complex system that intermediates more than $250 trillion in global funds. What happens when the system itself is significantly streamlined and reshaped? Insights on Financial Services 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
As customer expectations continue to evolve, banks need a new way to measure the effectiveness of their acquisition and retention strategies. Insights on Financial Services 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
Putting its people first has been the key to a Brazilian bank’s successful transformation. Digital Insights MORE
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 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 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. 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
Far from rendering the bank branch obsolete, digital technology holds the key to the branch of the future. Insights on Financial Services MORE
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 MORE
Indonesian consumers are embracing digital banking. To attract them, banks need to take an active approach. Insights on Financial Services 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 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).
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
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.
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
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
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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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.
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
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
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
BCG
SEPTEMBER 20, 2016
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.
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McKinsey
JULY 19, 2019
A look at how leading banks outperform in the world’s fastest-growing banking market. Insights on Financial Services
McKinsey
MAY 8, 2019
People with the right skills and talents are the greatest differentiator for banks. They are also the scarcest resource. Insights on Financial Services
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.
McKinsey
JULY 2, 2019
To emerge from a period of potential consolidation, Asia’s banks must reinvent themselves or risk disappearing. Insights on Financial Services
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
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
McKinsey
JUNE 11, 2019
Profitably serving small and medium-sized enterprises has been a challenge for banks. An ecosystem approach may be the key to tapping this vast market. Insights on Financial Services
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.
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.
McKinsey
FEBRUARY 8, 2019
Putting its people first has been the key to a Brazilian bank’s successful transformation. Digital Insights
McKinsey
FEBRUARY 12, 2019
Indonesian consumers are embracing digital banking. To attract them, banks need to take an active approach. Insights on Financial Services
McKinsey
APRIL 12, 2018
Banks that know where to look can find new sources of untapped value. Digital 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
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
JANUARY 18, 2019
To capture the full value of digital distribution, banks need to make sure the human touch is still part of the equation. 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
JULY 19, 2018
Far from rendering the bank branch obsolete, digital technology holds the key to the branch of the future. Insights on Financial Services
McKinsey
FEBRUARY 8, 2019
As customer expectations continue to evolve, banks need a new way to measure the effectiveness of their acquisition and retention strategies. Insights on Financial Services
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
McKinsey
NOVEMBER 8, 2018
Banks sit at the center of a vast, complex system that intermediates more than $250 trillion in global funds. What happens when the system itself is significantly streamlined and reshaped? Insights on Financial Services
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.
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
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.
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
McKinsey
OCTOBER 4, 2018
For some incumbent banks, the launch of a digital-only business can help meet customer needs and defend against fintechs. Insights on Financial Services
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