Managing Director & Senior Partner
Yann Sénant is a core member of the Financial Institutions and Insurance practices at Boston Consulting Group. He leads the firm’s Payments and Transaction Banking segment globally.
Since joining BCG in 2005, Yann has centered his client work on the financial services and insurance sectors, focusing specifically on strategy and corporate development. He has acquired deep experience in capital markets and transaction banking. Yann leads the efforts of BCG’s annual corporate treasurer survey in collaboration with BNP Paribas.
Prior to joining BCG, he was a manager at Deloitte & Touche.
In just two short decades, fintech has exploded onto the financial scene--with more dynamic growth to come.
BCG’s 20th annual study of the global payments industry examines how all participants in the payments ecosystem—including acquirers, issuers, networks, wholesale transaction banks, and fintechs—can raise their game by pursuing new strategies for growth.
BCG experts send a postcard from the Money 2020 conference and give their take on the financial mood as the pandemic continues.
Innovation is opening significant opportunities, but emboldened competitors are tightening the time frame for pursuing them.
Despite crisis-related dislocations, payments players can unleash long-term growth by acting decisively now to mitigate near-term risks, gain scale, and deliver superior customer impact.
They’ve been focusing – for good reason – on immediate priorities, but they need to start building the foundation for how they will operate in the new normal.
The COVID-19 crisis has prompted companies in virtually all industries to seek an optimal way to navigate their way through. Financial institutions, in particular, need a strategy to help maximize their level of resiliency and prepare for any macroeconomic and financial scenario.
Although the payments space will enjoy steady growth overall, the outlook for individual players is less assured. As competition intensifies, success will hinge on digitization, scale, and fast-expanding markets.
Facebook’s Libra announcement has caused a stir in the market. But it may be too soon to make final proclamations. Observers and market participants should keep an eye on these areas and expect answers to make sure Libra has a chance of success when it is introduced next year.
What do retail and wholesale banks gain by tackling customer pain points? Their share of $1 trillion in new revenue over ten years.
When it comes to meeting treasurers' fast-changing needs, trust is paramount–and banks already provide it.