Jörg Erlebach is part of the Global Leadership Team for BCG GAMMA (Advanced Analytics & Data Science Division), which creates competitive advantages for organizations by unleashing the power of signals hidden deep within large and complex datasets. BCG's GAMMA Team conceptualizes, builds, and deploys advanced analytic solutions that can transform the trajectories of organizations in 12 to 24 months.
In addition to his work with BCG GAMMA and deep expertise in data and analytics, Jörg has a winning track record working intensely with clients to create pragmatic personalization solutions with immediate business impact.
Jörg is a member of BCG's global Financial Institutions practice and a Global topic leader for BCG's Risk Analytics.
Throughout his career, Jörg has held various leading management positions within the risk functions for large German banks. Prior to joining BCG, he worked as a divisional board member of risk controlling and capital management at Commerzbank, as a managing director of credit risk analytics and instruments at Eurohypo, and as project manager of group risk management at Deutsche Bank and Commerzbank.
He is currently an advisory board member of FIRM, The Frankfurt Institute for Risk Management and Regulation.
Traditionally conservative banks that don’t provide the type of data-driven, innovative services offered by Big Tech will fall short of consumers’ expectations. Worse, fintechs are more than ready to step in and meet those needs—even if their methods are suboptimal.
The role of the relationship manager is changing. RMs are harnessing the power of data and advanced analytics to attract more new business and deliver more value to clients.
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.
An image problem in this fast-growing field has turned into a potentially dangerous diversity problem. Companies must do more to dispel the myths and combat the negative perceptions.
There is a consensus in financial services that artificial intelligence (AI) is a potential game changer. However, its impact remains marginal rather than transformative, and few banks have translated its potential into material impact on the bottom line.