Financial Terms Guide

Management Consulted

Though you’re not expected to be a master of finance when you join a consulting firm, you will be quickly exposed to financial terms on the job. The post Financial Terms Guide appeared first on Management Consulted.

Financial Shenanigans Versus Incompetence

Martinka Consulting

Tip to owners – one of the top three things you can do is have solid financial systems, accurate statements, good management reports, know your KPIs, and other metrics. The post Financial Shenanigans Versus Incompetence appeared first on Martinka Consulting.

Novantas – Financial Consultants

Management Consulted

NOVANTAS FINANCIAL CONSULTANTS Today, we take a look at the industry leader in advisory services for financial institutions. The post Novantas – Financial Consultants appeared first on Management Consulted. For the last 15 years, Novantas has worked with 80% of the world’s largest global banks, payment networks, wealth managers, and other … Continued. consulting interviews

2008 Financial Crisis – Causes and historical context

Tom Spencer

My friends and I walked out of the Big Short several years ago feeling like a group of global financial crisis experts. Many an economics and finance course later, I see that the layers of complexities to the 2008 financial crisis are innumerable. Economics financial crisis

Financial crime and fraud in the age of cybersecurity

McKinsey

As cybersecurity threats compound the risks of financial crime and fraud, institutions are crossing functional boundaries to enable collaborative resistance.

The age old tale of financial crises

Tom Spencer

The story of the 2008 financial crisis begins somewhere shortly after the death of Jesus Christ himself. Not 33 years after Christ’s passing did Emperor Tiberius of the Roman Empire have to rescue his constituents’ financial sanctity through the age-old process of quantitative easing.

How Prudential Financial is tackling the future of work

McKinsey

Prudential Financial vice chairman Rob Falzon discusses the criticality of people to digital growth, how Prudential is preparing its workforce for the future, and partnerships with the education sector.

4 Financial Innovations to Make Business Easier

Tom Spencer

Here are four (4) examples of financial innovations that can make your business easier to run. Peer lending is one of the newest financial innovations in the world today. This is a guest post from Sarah Smith. Overview.

Ensuring financial sustainability while serving a growing Medicaid population

McKinsey

A concerted effort to improve revenue can strengthen a system’s financial sustainability. High-performing health systems have succeeded in “breaking even” in Medicare, but many continue to struggle to achieve similar results in Medicaid.

How private equity can maximize value in US financial services

McKinsey

The industry may be on the cusp of a new and less forgiving era. Private owners can take steps now to get ready. Insights on Private Equity & Principal Investors

Banks in the changing world of financial intermediation

McKinsey

Insights on Financial ServicesBanks 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?

Fueling the energy transition: Opportunities for financial institutions

McKinsey

As renewable-energy sources proliferate, power grids become smarter, and industries electrify, strong financial partners will play a critical role in providing funding for a capital-intensive sector.

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Wanted: Accurate Financial Statements

Martinka Consulting

Solid financial systems and (therefore) accurate financial statements are one of my four top things an owner can do to increase value and prepare for a sale. After the run of mangled financial statements I’ve seen this year it’s my number one reason, with a bullet. The post Wanted: Accurate Financial Statements appeared first on Martinka Consulting. Once again I’m in the middle of a deal where the seller treats accounting like a weak little step-sister.

Amazon Under Attack, and Household Financial Stress

Harvard Business

Youngme, Felix, and Mihir discuss the problem of household financial stress. They also debate whether current criticisms of Amazon are justified. Economy Stress Economics & Society Audio

Transformation 101: How universities can overcome financial headwinds to focus on their mission

McKinsey

Troubled universities can reset their financial trajectory. Transformation Insights

How secure is the global financial system a decade after the crisis?

McKinsey

Great strides have been made since 2008 to prevent a recurrence of the financial crisis and recession that followed. Yet there is more debt than ever in the global financial system. Insights on Financial Services

The new dynamics of financial globalization

McKinsey

Cross-border capital flows have fallen 65 percent since the financial crisis as global banks retrenched, but a more stable form of financial globalization is emerging. Our Insights

Data Analytics for Financial Institutions

BCG

Financial institutions continue to collect vast amounts of data, but few are generating a return commensurate with their investment. Article Tuesday, May 09, 2017.

How to Create and Sustain Financial Inclusion

BCG

Financial inclusion helps propel socioeconomic development. Only by fully understanding and quantifying financial inclusion can stakeholders bring more people into the financial system and raise their overall standard of living and well-being. Focus Tuesday, April 11, 2017.

Growth of Fintech and Disruption of Brick-and-mortar Financial Institutions

Tom Spencer

The idea that technology can be configured to drastically improve the delivery and usability of finance began taking off following the financial crisis of 2008, when consumer distrust for traditional banks combined with the increasing popularity and functionality of smartphone apps.

Financial globalization 2.0

McKinsey

Signs of greater resilience and increased stability are everywhere. Actions taken over the last ten years therefore imply less fragility when the next crisis hits, as it surely will, write Susan Lund and Hans-Helmot Kotz in Project Syndicate. MGI in the News

A decade after the global financial crisis: What has (and hasn’t) changed?

McKinsey

Insights on Financial ServicesThe world economy has recently returned to robust growth. But some familiar risks are creeping back, and new ones have emerged.

How a Cyber Attack Could Cause the Next Financial Crisis

Harvard Business

Ever since the forced bankruptcy of the investment bank Lehman Brothers triggered the financial crisis 10 years ago, regulators, risk managers, and central bankers around the globe have focused on shoring up banks’ ability to withstand financial shocks. Peter Dazeley/Getty Images.

ModelOff 2012 ? The Financial Modeling World Championships

Tom Spencer

ModelOff 2012 – Financial Modeling World Championships. MODELOFF is a fun, innovative and professional competition for students and young professionals to develop and test their financial modeling skills against their friends, colleagues and top modelers from around the world.

Closing the gap: Leadership perspectives on promoting women in financial services

McKinsey

Insights on Financial ServicesMen still make up most of the management ranks at banks and insurers. New survey data and interviews with female executives point the way to improving gender diversity.

Using fintech to democratize financial services

McKinsey

PayPal’s CEO explains how digital can bring new people into the banking fold and create opportunities for them to spend, save, and make charitable contributions. Our Insights

3 ways financial advisory consulting bests strategy consulting

Management Consulted

From the variety of work and access to C-level executives to the wide array of exit opportunities, strategy operations consulting far surpassed financial advisory consulting as our recommended career to pursue. Financial advisory firms recruit from a broader set of schools.

What Brexit Means for Financial Institutions

BCG

Focus Monday, August 01, 2016. The vote in favor of “Brexit,” Britain’s exit from the EU, has created significant uncertainty for the UK, the EU, and global economies. The arrangements for the UK’s departure and the terms and timing of the eventual exit are unclear.

Financial globalization hits a more stable, inclusive stride

McKinsey

After the global financial crisis, a number of countries stepped back from the world stage, choosing to instead focus on domestic capital while being more selective about foreign investments.

Ensuring Digital Readiness in Financial Services

BCG

Article Thursday, April 28, 2016. Across industries, digital innovators are pushing customer service standards higher every day, offering ever-expanding arrays of cutting-edge, digitally enabled services and features.

5 reasons to choose strategy consulting over financial advisory consulting

Management Consulted

Strategy consulting vs. financial advisory consulting – both are consulting. Financial advisory consultants address how a company spends cash, manages debt, and issues equity for specific internal projects, acquisitions, or other key growth plans. One note – we’re addressing here specifically financial advisory consultants who work for large companies – not personal financial advisors.

The Financial Insecurity Bias

Strategy+Business

If people haven't lived up to their own financial expectations or think their peers are better off, it can affect the way they spend and save, and can make them more likely to behave unethically.

How financial products can attract infrastructure capital from institutional investors

McKinsey

By mitigating key risks of investing in major infrastructure projects in emerging markets, banks, governments, and international financial institutions can close the funding gap in developing Asia.

Improving Financial Inclusion in South Africa

BCG

Financial inclusion, which is linked to family prosperity, GDP growth, and reduction of poverty rates, can help build a more promising future for South Africa. But financial institutions and the government must work together closely to achieve it. Focus Tuesday, April 11, 2017.

Mobile money in emerging markets: The business case for financial inclusion

McKinsey

Insights on Financial ServicesMeeting the mobile money needs of the unbanked in emerging markets is a vast opportunity. To succeed, providers need a clear view on what drives mobile money economics, and an innovative mind-set.

Efraim Benmelech on Financial Disease

Strategy+Business

The associate professor of finance at the Kellogg School of Management, discusses the lifecycle of a financial crisis. For more related insights, read " Efraim Benmelech on Financial Contagion

The Ghost of Financial Crises Past

Strategy+Business

Economic historian Barry Eichengreen finds telling parallels between the botched responses to the stock market crash of 1929 and the financial crisis of 2008