Michael Strauss joined Boston Consulting Group in 2003. He is a member of the Financial Institutions practice and focuses on large-scale change. Michael leads BCG’s work in wholesale and transaction banking. 

At BCG, Michael has worked extensively with clients in corporate banking and capital markets on strategic projects addressing coverage and sales strategies, strategic asset class reviews, and growth initiatives. He has also worked on several post-merger integrations and on optimizations for target operating models (TOMs), and IT target architectures.

AREAS OF EXPERTISE

EDUCATION

  • PhD, finance, Philipps-University of Marburg
  • Master’s degree, business administration Philipps-University of Marburg

Publications and Videos

Wholesale Banking Reinvention

The Sun Is Setting on Traditional Banking

The Sun Is Setting on Traditional Banking

The pandemic has accelerated the inevitable; the AI revolution is overtaking banking as we knew it. Banks that don’t transform stand to lose market share to faster, nimbler tech players.
Global Payments 2020: Fast Forward Into The Future

Global Payments 2020: Fast Forward into the Future

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.
glb-payment-2019-rectangular-tcm9-229530.jpg

Global Payments 2019: Tapping into Pockets of Growth

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.
how-cashless-payments-help-economies-grow-2880x1620-tcm9-220866.jpg

How Cashless Payments Help Economies Grow

Because digital solutions make it easier to send and receive money, they boost economic activity. Policymakers and companies should take steps now to accelerate adoption.
interactive-glb-payment-2880x1620-tcm9-211628.jpg

An Interactive Guide to Global Payments

The world of transaction banking and payments is being transformed. At stake are $1 trillion in new global revenues by 2027. Explore this interactive to learn how the market will evolve.
corporate-banking-customers-2880x1620-tcm9-208201.jpg

What Do Corporate Banking Customers Really Want?

Simple, straightforward transactions like the ones they enjoy on retail websites. But most corporate banks lag far behind when it comes to offering convenient online tools.
global-payments-2018-tcm9-205093.jpg

Global Payments 2018: Reimagining the Customer Experience

What do retail and wholesale banks gain by tackling customer pain points? Their share of $1 trillion in new revenue over ten years.
value-migration-disag2-1694x950-tcm9-85843.jpg

How Investment Banks Can Transform Their Business Models

Investment banks need to transform themselves if they hope to compete in the broad-based capital markets industry of tomorrow.
value-migration-disag1-1694x950-tcm9-85882.jpg

How Value Is Shifting in the Capital Markets Ecosystem

A broad set of capital markets industry participants is now competing for revenues that have traditionally belonged solely to the investment banking domain.
value-migration-1694x950-tcm9-143304.jpg

Global Capital Markets 2016: The Value Migration

For many investment banks, performance continued to decline in 2015. But other players in the broader capital markets landscape fared much better.
Deep Expertise, Broad Experience