A New Outlook on Pricing and Revenue Management for Banks
The pandemic has radically reset the pace of change in the banking industry. To keep up, a new approach is needed—fast.
The pandemic has radically reset the pace of change in the banking industry. To keep up, a new approach is needed—fast.
BCG’s approach delivers greater efficiency, an improved customer experience, and a more engaged workforce, enabling banks to meet today’s challenges.
As digital currencies move from the sandbox to the high street, their impact will be profound. So will the first-mover advantage. Leaders must prepare now.
Consumers increasingly want all their needs met with a tap on their smartphone. They may vote with their feet if banks don’t deliver.
Alternatives continued to be one of the strongest-performing asset classes overall in 2019, but not all alternatives are created equal.
Risk, treasury, and compliance can help banks return to profitability. But success will require digitizing beyond the edges and redesigning core processes.
Shifting consumer behaviors are challenging traditional banks to keep up.
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.
The wealth market is changing. To win over the next five years, leading firms will leave business as usual behind and commit to bold plays and new ways of working.
Following the lead of successful B2C service providers in other sectors could generate improvement as high as 10% to 15% of current daily banking revenue.
Tech-savvy companies know the answer, but they don’t hold all the cards. Banks should act now to create a win-win scenario for themselves and their customers.
Cultural transformation is difficult—but not impossible. RBC CEO Dave McKay explains how a shock to the system can deliver change.
Today’s retail banking customers want more than they’re getting. Digital has transformed their expectations, and banks need to respond now.
For too long, wealth managers have looked at the women’s segment through a marketing lens. But women don’t want pink products. They want individualized service. Advisors that fail to adapt will miss out on a $93 trillion opportunity.
Today’s leading firms achieve stronger revenue growth by treating pricing as a capability they can adjust in response to varying client needs.
Foreign asset managers may now expand into China, but they must tailor their strategy to the market’s unique characteristics.
Investors increasingly want assets with strong environmental, social, and governance performance. Asset managers can overcome big hurdles to meet that demand by taking action in four areas.
CIBs that take action in six critical areas can dramatically improve their cost-to-income ratios and returns on equity, creating a more prosperous and sustainable future.
Given the profound changes sweeping the industry landscape, it’s time for banks to reinvent themselves.
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.
By targeting high-value clients and creating agile client teams, CIBs can repurpose these divisions to achieve double-digit revenue gains and increase wallet share.
Entrepreneurs who offer banking via mobile devices could finally put financial services within reach for 1.7 billion adults around the globe.
Cash is currently king when it comes to making payments in Southeast Asia, but technology could lead to the greater use of cashless transactions.
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.
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.
For now, corporate sustainability spending may be curtailed. But investors believe that in the long run, ESG will remain a powerful driver of portfolio performance.
To navigate through the COVID-19 storm, financial institutions need to adopt a transformation agenda. Within this agenda, data science offers a GPS to replace traditional compasses that have been rendered ineffective by the crisis.
As environmental, social, and governance issues become material to business with increasing speed, investors must equip themselves to react rapidly and flexibly.
A practical approach to cost cutting can yield savings of up to 80%.
