💼 Discover valuable insights from Akin Soysal on the 2024 Global Wealth Report! Our expert delves into the factors driving wealth growth and the emerging opportunities in the global market 🌎. Don't miss out on this essential read. Read more here: https://on.bcg.com/4fbKig4 #WealthInsights #GlobalFinance #MarketTrends
BCG on Financial Institutions
Business Consulting and Services
Boston, MA 23,967 followers
Providing a unique perspective on the global financial institutions landscape.
About us
How will financial institutions evolve? What role will they play in society? Connect with us here to discuss insights and ideas, or visit our website for our latest thinking.
- Website
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https://www.bcg.com/industries/financial-institutions/default.aspx
External link for BCG on Financial Institutions
- Industry
- Business Consulting and Services
- Company size
- 10,001+ employees
- Headquarters
- Boston, MA
- Founded
- 1963
Updates
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🚀 Hey, check out insights from our experts Michael Kahlich and Ivana Zupa regarding our recent 2024 Global Wealth Report! 🌍💡 Discover how global wealth trends are evolving and what it means for the future and dive deep into the data and analysis now! Read more here: https://on.bcg.com/3yfsaB8 #GlobalWealth #WealthReport2024 #FinancialInsights
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Yes, the opportunity is huge, but the rules of the game are changing. When the current funding chill is passed, fintechs will need to master new capabilities to succeed and thrive. Prudence—the ability to avoid adding risk to the financial system—will be as important as the ability to generate profitable growth. Get an in-depth read on these and other insights on the global fintech sector here: https://on.bcg.com/4bkYnof 🚀 A huge thank you to the authors: Deepak Goyal, Inderpreet Batra, Stefan Dab, Alexander Paddington, Andrew Janssens, Aparna Pande, Sooahn Choi, Aaron Cormier, Saurabh Tripathi, Yann SENANT, Yashraj Erande, and Rishi V. (Boston Consulting Group (BCG)) Nigel Morris, Frank Rotman, Bill Cilluffo, Tommy Blanchard, Mike Packer, Sandeep Patil, and Amias Gerety (QED Investors) #fintech #innovation #growth #profitability #BCGGlobalFintechReport #BCGonFinancialInstitions
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🌟 Our expert Laurin Frommann shares top insights in the 2024 Global Wealth Report! 📊🌍 Get an in-depth look at the dynamics shaping global wealth and the strategic moves to watch. Enhance your understanding and strategy with this report. Read more here: https://on.bcg.com/3W4wIm2 #FinancialGrowth #WealthReport #ExpertInsights
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The European Central Bank's proposed digital euro could revolutionize the Eurozone by accelerating innovation and providing significant competitive advantages. By participating now, businesses have the chance to influence its design and shape the future of digital currency. 👉 In 2023, only 8 of the world's 50 most innovative companies were based in Europe. The digital euro aims to change that by transforming Europe into a global innovation hub. 🌍 Learn more: https://on.bcg.com/4cDW8Ow #BCG #BCGonFinancialInstitutions #DigitalEuro #Innovation #ECB #FinTech #DigitalCurrency 💡
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Get an in-depth read on these and other insights on the global fintech sector here: https://on.bcg.com/3VZA4HU A huge thank you to the authors: Deepak Goyal, Inderpreet Batra, Stefan Dab, Alexander Paddington, Andrew Janssens, Aparna Pande, Sooahn Choi, Aaron Cormier, Saurabh Tripathi, Yann SENANT, Yashraj Erande, and Rishi V.(Boston Consulting Group (BCG)) Nigel Morris, Frank Rotman, Bill Cilluffo, Tommy Blanchard, Mike Packer, Sandeep Patil, and Amias Gerety (QED Investors) #fintech #innovation #growth #profitability #BCGGlobalFintechReport #BCGonFinancialInstitions
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We are excited to unveil our 2024 Global Wealth Report titled "The GenAI Era Unfolds"! This year’s edition highlights the development of global wealth and international booking centers, as the industry evolves to increase productivity, and improve client experience by tapping into the potential of GenAI. Below are some key takeaways: 📈 Financial Growth: Financial wealth rose by 7% in 2023, showing recovery from 2022's decline. Cross-border wealth grew by 5%, driven by Switzerland, Singapore, and the UAE, while Hong Kong's rise slowed. 💰 Wealth Managers’ Profitability: Margins increased by 1 basis point in 2023, thanks to net interest income. However, cost pressures may reverse this trend, requiring proactive measures. 🤖 GenAI Integration: A successful transformation promises efficiency gains and better client experiences but faces industry hesitation. 🔍 Compliance Efficiency: GenAI can streamline compliance tasks, maintain robust practices, boost efficiency, and free up Relationship Managers' time. A big thank you to the author team: Akin Soysal, Michael Kahlich, Ivana Zupa, Dean Frankle, Michael Boardman, Laurin Frommann, Wei Chuan Lim, Daniel Kessler, Omar Rahman, and Felix Michael Werner. Dive into the full report for a comprehensive understanding of the forces shaping the future of wealth management. Read more here 📖: https://on.bcg.com/3xR6qvg #GlobalWealth #WealthManagement #FinancialInsights #AIinFinance #FutureOfFinance #Wealth
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Signs point to a potential thawing of the funding chill that descended on the sector a few years ago, but it will decidedly NOT be business as usual. In the new fintech era, prudence and profitability will be on equal footing with growth. As they prepare for IPO or funding rounds, fintechs will need to tell a clear and compelling story about how they will succeed in a sustainable way. 🚀 Our report covers these issues and so much more, including a positive trend for banks: connected commerce. Check out what Inderpreet Batra, co-author of the report, says. Download and read the full report: 📖 https://on.bcg.com/3XEVtr9 #fintech #innovation #growth #profitability #BCGGlobalFintechReport #BCGonFinancialInstitions
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Fintechs have made progress in improving their profitability, but still more than half of the top 70 public fintechs are not turning a profit. We believe all fintechs can and should improve EBITDA by more than 25 percentage points. How? Read more about the details of fintech profitability here: https://on.bcg.com/4bp96hB 🚀 A huge thank you to the authors: Deepak Goyal, Inderpreet Batra, Stefan Dab, Alexander Paddington, Andrew Janssens, Aparna Pande, @Sooahn Choi, @AaronCormier, Saurabh Tripathi, @Yann SENANT, Yashraj Erande, and @Rishi V. (Boston Consulting Group (BCG)) Nigel Morris, Frank Rotman, Bill Cilluffo, Tommy Blanchard, Mike Packer, Sandeep Patil, and Amias Gerety (QED Investors) #fintech #innovation #growth #profitability #BCGGlobalFintechReport #BCGonFinancialInstitions
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🎉 Exciting News! We are thrilled to announce the launch of our latest whitepaper, "Banks Boost CIR by up to 12% as Digital Leapfrogs Drive Omnichannel Breakthrough"🚀. This comprehensive study delves into the transformative potential of digitally led omnichannel strategies in retail banking. The whitepaper outlines how Digital Leapfrog strategies can accelerate channel development and unlock revolutionary cross-channel gains: ✅ Digital to account for 60 to 80% of all sales and servicing ✅ Contact centre calls to be reduced by 50 to 65% ✅ Branch service activities reduced by 40% ✅ Cost-to-income improved by 8 to 12% A huge thank you to our dedicated authors and the entire team who contributed to this insightful piece 👏: Michal Panowicz, Bharat Poddar, Jungkiu (최정규 崔晸圭) Choi, Thomas Foucault, Matthias Van Damme, Regan Kilbride, and Alasdair Keith. Read more here 🔗 : https://lnkd.in/gKucfUNX #Banking #DigitalTransformation #Omnichannel #BCG #Innovation