McKinsey & Company

JULY 26, 2022

Banks today urgently need a new core platform, but building one is time-consuming, expensive, and uncertain. It may help to think strategically and pursue a two-track process.

Banking 137

Banking 137

McKinsey & Company

MARCH 1, 2023

CBDCs are digital currencies issued by central banks. Their value is linked to the issuing country’s official currency.

Banking 131

Banking 131

IBM Business Partners

JUNE 12, 2023

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach. appeared first on IBM Blog.

Banking 87

Banking Legal Ecosystems Collaboration 87

McKinsey & Company

OCTOBER 25, 2022

Small and medium-size enterprises are a clear growth opportunity for banks in a difficult environment. A digital-first approach with a personal touch can help banks crack the code of this historically overlooked segment.

Banking 109

Banking 109

IBM Business Partners

AUGUST 17, 2023

The introduction of Central Bank Digital Currency (CBDC) has added a new dimension to blockchain technology that transforms the future of payments for businesses and individuals. Some time ago, banks and governments started shifting their attention towards using digital assets in their operations and economies.

Banking 77

Banking Ecosystems Government Finance 77

McKinsey & Company

MARCH 28, 2023

By focusing on six key areas, banks can more accurately manage rising interest rates and credit spread risk across business lines, meet regulatory demands, and create competitive advantage.

Banking 100

Banking Credit 100

McKinsey & Company

APRIL 20, 2023

Green bank financing could mobilize hundreds of billions in investment toward net-zero emissions by 2050 as well as advancing environmental justice in the US.

Finance 98

Finance Banking 98

McKinsey & Company

JANUARY 19, 2023

After one of its most successful years, Europe’s private banking industry will now need to navigate an uncertain macroeconomic outlook and evolving client needs.

Banking 138

Banking 138

McKinsey & Company

JUNE 14, 2023

Banks that build common ground between their compliance functions and business leaders who shape strategy can open paths to better customer experience, greater productivity, and resilient growth.

Banking 112

Banking 112

McKinsey & Company

JANUARY 26, 2023

Bank Jago’s Peterjan van Nieuwenhuizen explains the value a life-centric banking approach has for AI banks.

Banking 100

Banking 100

IBM Business Partners

APRIL 20, 2023

Trust is the cornerstone on which the banking industry is built. When consumers lose trust in a bank’s ability to manage risk, the system stops working. Put simply, consumers trust banks to keep their money safe and return the money when requested. But there’s trust on the business side, too.

Banking 73

Banking Government Engineering 73

McKinsey & Company

OCTOBER 7, 2022

Sustainable financial products can propel revenue growth for banks and contribute substantially to businesses’ progress in meeting global climate goals. But success requires a strategic approach.

Banking 139

Banking 139

McKinsey & Company

JULY 28, 2023

The key to full coverage is a multipronged model of banking channels. Attempting to serve all corporate clients through high-touch, personal interactions isn’t meeting the needs of today’s customers.

Banking 96

Banking 96

McKinsey & Company

MAY 2, 2023

As today’s customers demand more from their banking experiences, banks are upping their game and delivering stronger customer experience.

Banking 102

Banking Consumer packaged goods 102

McKinsey & Company

JULY 13, 2022

Banking distribution needs to account for the evolving interdependencies between channels. Accelerating digital and upgrading the physical experience to “phygital” offers a viable solution.

Banking 145

Banking Retail 145

McKinsey & Company

APRIL 15, 2021

Although banks face intense pressure from new entrants in financial services, they have an edge in resources they can use to rapidly launch their own digital businesses.

Banking 145

Banking 145

McKinsey & Company

OCTOBER 6, 2021

Leading banks have made deep-seated changes to their technology spending priorities, role mix, and talent mix, unlocking a step change in productivity.

Banking 118

Banking 118

McKinsey & Company

OCTOBER 1, 2021

Regulators seeking ways to balance protection of customers’ interests, financial institutions’ risks, and their other policy objectives for digital banking can learn from early regulatory experiences.

Banking 145

Banking 145

McKinsey & Company

FEBRUARY 13, 2023

Specialist players are disrupting payments and challenging banks to find a new playbook.

Banking 110

Banking 110

McKinsey & Company

MARCH 9, 2023

As corporate and commercial banks serve increasingly complex needs, new data- and analytics-powered tools can help the front line understand their customers and improve sales.

Banking 93

Banking 93

IBM Business Partners

JULY 31, 2023

The world’s biggest modernization challenges are concentrated in the banking industry. Before the internet and cloud computing , and before smartphones and mobile apps, banks were shuttling payments through massive electronic settlement gateways and operating mainframes as systems of record.

Banking 54

Banking Fintech Engineering 54

Impact

MARCH 13, 2023

The entire technology industry and world is watching as the fallout from the unfortunate collapse of Silicon Valley Bank (SVB) has had wide-ranging effects throughout the technology and startup ecosystem. Yovanno CEO The post What the Silicon Valley Bank (SVB) collapse means for our customers and partners appeared first on impact.com.

Banking 98

Banking Ecosystems 98

INSEAD Knowledge

NOVEMBER 14, 2021

The Singapore titan’s tech-charged quest to take the banking out of banking has paid off handsomely.

Banking 138

Banking 138

McKinsey & Company

NOVEMBER 7, 2022

Four actions can help banks maximize the value of their M&A. Uncertain times can spell opportunity for companies seeking acquisitions—if companies proceed with care.

Banking 108

Banking 108

McKinsey & Company

MAY 18, 2021

Technology alone cannot define a successful AI bank; the AI bank of the future also needs an operating model that brings together the right talent, culture, and organizational design.

Banking 143

Banking 143

McKinsey & Company

DECEMBER 6, 2021

The CEO of the newly merged Bank Syariah Indonesia (BSI) describes how digital and mobile capabilities unlock new opportunities for Islamic banking within Indonesia—and beyond.

Banking 103

Banking 103

IBM Business Partners

JUNE 2, 2023

In the rapidly evolving landscape of financial services, embracing AI and digital innovation at scale has become imperative for banks to stay competitive. For banks to stay relevant and competitive in this new world, it is imperative for them to adjust to new trends, understand the importance of open finance and transform their core systems.

Banking 62

Banking Finance Ecosystems Fintech 62

McKinsey & Company

MARCH 23, 2021

Banks are already strengthening customer relationships and lowering costs by using artificial intelligence to guide customer engagement. Success requires that capability stacks include the right decisioning elements.

Banking 143

Banking 143

McKinsey & Company

JULY 29, 2022

Serving larger commercial clients is a significant growth opportunity for US midcap and regional banks—with the right strategy in place.

Banking 90

Banking 90

McKinsey & Company

FEBRUARY 8, 2023

To retake a leading position in regional cross-border payments, Asian banks need to focus on growth areas, provide differentiated services, and update their operating models to match fintechs.

Banking 94

Banking Fintech 94

McKinsey & Company

DECEMBER 5, 2022

Senior partner Joydeep Sengupta discusses how banks can navigate headwinds and capture opportunities in the next 12 to 18 months.

Banking 104

Banking 104

McKinsey & Company

NOVEMBER 24, 2022

Banks finance carbon-emitting businesses, and they finance decarbonization of the economy, as well. How effectively they address financed emissions can make all the difference.

Finance 102

Finance Banking 102

Planview Blog

DECEMBER 16, 2022

With the holiday season in full swing and a global recession predicted sometime in the new year, banks remain committed to investing in modernized technology through digital banking transformation efforts vs. traditional cost-cutting routes. “Retail banking customers are expecting more from their banks.

Banking 59

Banking Fintech Retail Utilities 59

McKinsey & Company

NOVEMBER 22, 2022

With new opportunities on the horizon, the Thai banking industry could ignite new growth and invigorate its profitability by redefining its meaning and purpose, reinventing its traditional role, and making bold and innovative operational changes.

Banking 98

Banking 98

McKinsey & Company

MARCH 25, 2021

Swift action and a focus on three imperatives could strengthen African banks and support recovery.

Banking 127

Banking 127

McKinsey & Company

JULY 12, 2022

At McKinsey’s Tomorrow Conference, three European executives discussed the capital requirements and banks’ efforts to help companies meet them. Getting to net-zero emissions can be complex and costly.

Banking 99

Banking Finance 99

McKinsey & Company

AUGUST 22, 2022

The sooner banks start their journey and establish an effective approach to model risk management of cybersecurity solutions, the quicker they will be able to manage risk and establish controls.

Banking 98

Banking 98