Managing Director & Partner
Bhavya Kumar leads Boston Consulting Group’s digital work within the Financial Institutions practice in the Middle East. Bhavya’s client work is focused on banking, fintech, capital markets, digital, technology, and sustainability. He has established deep expertise in the areas of strategy and transformation, disruptive innovation, digital-driven business models, digital attacker banks, fintech strategy, green finance, operating model design, agile, technology effectiveness, core systems, tech companies M&A, and portfolio prioritization through working with global and regional clients.
In Bhavya's current capacity, he focuses on projects in the banking and fintech spaces, providing expertise in transformation and strategy, disruptive innovation, digital-driven business models, agile ways of working, customer journeys, and core technology systems architecture and modernization. Bhavya works closely with regional and global clients in banking, fintech, and large family offices with interest in financial services.
Recently he has led digital innovation, core systems modernization, and fintech and neobank setup, design, and launch projects in the GCC for Islamic and conventional banks. Before joining BCG, Bhavya was a Manager at A.T. Kearney, and before that, a Manager of Strategy & Innovation at IBM.
A new report by Boston Consulting Group (BCG) finds that the United Arab Emirates retail banking revenues are expected to grow at a CAGR of 6.4% between 2021 to 2026, a steep rise from 0.1% from 2016 to 2021. GCC economies are expected to see an 8.8% CAGR within the same period to 2026.
In the current era of transformation, no industry has proven to be a haven from disruption. This is becoming increasingly apparent in the finance industry with innovators vying for dominance in the digital realm.
Competition in the Kingdom of Saudi Arabia (KSA) banking sector is intensifying as customer demands and expectations continue to increase, according to our recent study.