95 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 
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. (Source: Google Images).
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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.
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
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. Bitcoin itself was created by technologists and programmers with a deep-seated mistrust of central banks themselves.
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. Investment banks, on the other hand, have a more competitive, hierarchical setup.
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
Banking on Digital Simplicity
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
Ralph Hamers on Disrupting the Banking Industry
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.
Ten lessons for launching a greenfield digital banking business
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
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
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
Looming Banking Crisis?
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.
European Private Banking in 2018: Running for scale
McKinsey
OCTOBER 13, 2018
Favorable market returns helped to build up Western European private banking profit pools in 2017, but banks need to assert more control over their profit growth. Insights on Financial Services
Wholesale Transaction Banking: Leveraging “Fin” and “Tech”
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.
Building the corporate bank of the future
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
Visual Capitalist: Great Infographics
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.
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
A bank branch for the digital age
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
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.
Bank of America Tests Peopleless Banks
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
Fintechs May Be Corporate Banks’ Best “Frenemies”
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.
For US banks: A time for transformation
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
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
African retail banking’s next growth frontier
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
PSD2: Taking advantage of open-banking disruption
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
Retail Banks at the Crossroad
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.
Becoming a digital bank
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
Project Midas: "Bad Bank" for "Bad Banks"
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.
Applying stress tests beyond banking
McKinsey
NOVEMBER 29, 2017
The technique can provide important insights to many companies operating under uncertainty. Our Insights
Number of Banks and Percentage of Problem Banks Over Time
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.
Transforming a bank by becoming digital to the core
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
IFRS 9: A silent revolution in banks’ business models
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
Global Risk 2017: Staying the Course in Banking
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.
Will Industry Stacks Be the New Blueprint for Banking?
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.
An efficient operating model for US regional banks
McKinsey
DECEMBER 11, 2017
To break out of a performance rut, US regional banks must fundamentally redesign and simplify their operating models. Our Insights
What is return on equity (ROE)?
Consultants Mind
AUGUST 23, 2015
In simplest terms, … Continue reading → Learning Banking Consulting Finance Management consultingROE (return on equity) is one of the key formulas that most MBAs (yes, including Marketers) remember learning on their path to financial literacy. It is often the best FIRST place to start for financial statement analysis.
Analytics in banking: Time to realize the value
McKinsey
APRIL 11, 2017
By establishing analytics as a true business discipline, banks can grasp the enormous potential. Our Insights
Plotting the Number of Banks: Is the Goal One "TBTF" Bank?
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"?
A consumer-centric approach to retail banking sales
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
Retail Bank Operational and Digital Leaders Reap the Rewards
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.
Payment disputes in banking: A pathway to deeper customer relationships
McKinsey
JUNE 20, 2018
Transforming the dispute-resolution process can provide banks with an opportunity to solidify bonds with their customers while driving down costs. Insights on Financial Services
Battle of The Central Banks: China Declares ICOs Illegal
Tom Spencer
SEPTEMBER 9, 2017
As September dawned last week, six more major banks joined a UBS-led effort to create … Continue reading "Battle of The Central Banks: China Declares ICOs Illegal". As I have been writing in this space of late, the days of the Wild West for cryptocurrency are absolutely at an end. The writing has been on the wall all summer. The latest news to hammer the point home?
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