Bankers have long sought a competitive advantage in a vast sea of largely undifferentiated competitors. For most players, and for most of the industry’s long history, the chief weapons in this war have been scale and localization. Either growing large enough to create economies of scale and/or scope, or trying to corner one or more local markets b...
22 January 2014 Innovation in Financial Services
Five massive foundational shifts are impacting financial service providers of all types, and they are impacting those that serve affluent clients in especially unique ways. According to a study by KPMG conducted in June 2012, 9 out of 10 banks are considering a serious overhaul of their strategy, and 40% say that wealth management and asset manage...
12 February 2013 Innovation in Financial Services
Wealth management is an attractive business line for banks. Affluent clients hold higher balances, have lower credit default rates and utilize more fee-based services than the average branch consumer. No wonder forty percent of bank leaders surveyed by KPMG in June 2012 said that wealth management would be a critical component of their growth plan...
05 February 2013
I don't mean to make light of this for anyone who loses their job as a result of all this, but most of my best friends are now ex-bankers. Or "recovering bankers", as I like to refer to myself... Here come a lot more. Welcome to the club.
27 Feb 2014 02:40 Read comment
So true!
01 Feb 2013 17:24 Read comment
Innovation in Financial Services
Frank MastrangeloManaging Director at Sapere Advisory
James CranfieldManaging Director at Insight Consultancy UK Ltd
Jason MaceManaging Director at Gala Technology
Neeta NagarManaging Director at Accenture
Jenny NittmannManaging Director at Nitt & Huff GmbH
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