Matteo Coppola
Managing Director & Senior Partner
Milan
Matteo Coppola is a member of Boston Consulting Group's Financial Services and Insurance practices. He is responsible for the risk topic in Italy, Greece, and Turkey.
Matteo has significant experience leading transformation programs at banks and insurers, with an emphasis on credit and risk.
Prior to joining BCG, Matteo worked for HSBC North America.
Risk, treasury, and compliance can help banks return to profitability. But success will require digitizing beyond the edges and redesigning core processes.
Outside forces may have dictated the path in the period following the recession period, but today’s banks have an opportunity to lead the way. Those with foresight will recognize that the road to resilience starts with digitization.
In the past few years, the cost of capital for insurers has climbed far faster than it has for other industries. (See Exhibit 1.) As a consequence, capital has to be managed more efficiently in order to deliver higher returns.
The global banking recovery has stalled, as competition, disruption, and tougher regulation hurt profits. Banks should transform risk management to directly support business growth.
Managing cyberrisk is becoming crucial for large corporations worldwide, particularly so for those in the insurance industry. Insurers must treat cyberrisk in much the same way that they treat traditional insurance risk—by defining the level of exposure they are comfortable with and prioritizing investments accordingly.
