Boston Consulting Group | Global news | Banking

An overview of Boston Consulting Group global news:

Middle East

Middle East asset management sector grows 13% to $2.3 trillion The global asset management industry’s assets rose to nearly $120 trillion in 2023, with the Middle East’s asset management sector among the fastest growing in the landscape.
02 September 2024
Germany

Deutsche Bank division cuts external consultancy spend by 70% Deutsche Bank’s private banking division has slashed spending on external consultants by 70% under its new head, Claudio de Sanctis, as part of a broader effort to boost profitability following a fai
08 July 2024
Saudi Arabia

Saudi Arabia’s banking sector set for further gains Following a boom last year, Saudi Arabia’s banking sector is set for further gains in the coming years, according to a forecast by Boston Consulting Group.
23 May 2023
India

Digital payments sector in India to reach $10 trillion by 2026 India’s sector for digital payments could increase dramatically from $3 trillion in 2022 to $10 trillion in 2026.
13 April 2023
Greece

Attica Bank reveals BCG-developed strategic plan Greek bank Attica Bank has unveiled early details of its new strategy for the coming years.
27 June 2022
Saudi Arabia

Most Saudi consumers are open to switching banks, says BCG More than half of consumers in Saudi Arabia are open to switching to another bank, according to a new study by Boston Consulting Group, as competition intensifies amid the rise of digital challenger
18 November 2021
Europe

Decentralised finance a tremendous opportunity for Europe Although limited in its value for financial services so far, blockchain-based decentralised finance might be a boon for Europe’s small and medium enterprise (SME) segment. BCG Platinion and Crypto.
02 December 2020
Middle East

Women in the Middle East will soon hold $1 trillion in wealth Women in countries across the Middle East are getting wealthier.
16 June 2020
United States

Covid-19 makes transformation more urgent for banks The Covid-19 pandemic has compounded the issues global banks faced before the crisis.
28 April 2020
Europe

Four ways banks can improve risk & compliance efficiency Financial penalties paid by large banks to supervisory bodies and regulators has in the past decade amounted nearly $400 billion, according to a report by Boston Consulting Group.
24 April 2020
Germany

BCG evaluates Commerzbank strategy for German Government A report to Germany’s top politicians has called for Commerzbank to step up its digital transformation.
02 March 2020
Asia

Former BCG country head Douglas Jackson recruited to Standard Chartered Standard Chartered has recruited former BCG Vietnam head Douglas Jackson as its new managing director for group strategy – marking the latest in a string of consultant signings.
10 February 2020
United States

To stay relevant, banks must digitize: BCG As the business landscape becomes increasingly digitized, banks would do well to adopt new technologies and advance their digital capabilities, according to “Banks Brace for a New Wave of Digital Dis
30 July 2019
United States

Payments market projected to see 6.6% annual growth to 2027 Bank payment systems are big revenue generators for incumbent banks, and growth in the segment is projected to continue at a rapid 6.6% annual increase, from 1.3 trillion in 2018 to 2.
17 April 2019
India

India's digital lending volume could be $1 trillion over the next five years The lending market in India remains relatively untapped, and the development of this domain happens to coincide with the rapid digitalisation of the country, which, according to management consultanc
06 August 2018
Europe

European banking industry faces another dip in economic profit Economic profit remains difficult to generate in global banking.
15 March 2018
India

BCG supports Karnataka Bank with business transformation In a bid to tackle market disruption and keep pace with trends in the banking and finance industry, Karnataka Bank has embarked on a transformation journey, with a focus on modernisation.
12 December 2017
India

Government backed IDBI Bank hires BCG for organisational turnaround In a bid to reverse its declining fortunes, IDBI Bank has partnered with the Boston Consulting Group (BCG) to help boost its financial performance.
11 October 2017
Middle East

Middle East and Africa private wealth to reach $12 trillion, says BCG Private Wealth in the Middle East and Africa (MEA) region is set to expand rapidly over the next five years to reach a staggering figure of $12 trillion, according to a report from the Boston Consulting Group.
14 June 2017
Canada

Canadian Mint hires BCG to sell off MintChip digital currency The Boston Consulting Group has been hired by the Royal Canadian Mint to manage the divestiture of its MintChip digital currency.
12 September 2014

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