Managing Director & Senior Partner; Global Leader, Risk & Compliance Practice
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.
This is no time for complacency. The improving interest rate environment may provide temporary relief, but banks need to use this cushion to fund their transformation.
Banks that fortify their core will emerge from the pandemic fitter and with the financial muscle to be a bulwark for customers and the broader community.
Digitale, “agile” e realmente business partner dell’azienda. Sono queste le caratteristiche della funzione Finance del futuro, che i CFO sono chiamati a costruire oggi, trasformando con essa il proprio ruolo.
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.
New business models and strategic imperatives require insurers to develop a more robust compliance function and manage compliance risks more actively.