Beyond doom and gloom - New opportunities for financial services
For the past 7 years, nearly all banks have taken steps to de-risk, de-lever, refocus, simplify, and reduce costs. Yet our analyses show that the need for fundamental reforms is still unaddressed.
Our international wealth management study indicates that more than 20 percent of wealth management business might be at risk if wealth managers miss the digital wave. The European Banking Outlook found that only ten out of 46 European banks achieved a positive economic spread in 2015. And our insights in investment banking show that this segment — despite being restructured and reorganized — is still far from being stable.
The quest for sustainable strategies is on. We believe that the future is not all doom and gloom, but that it may in fact hold many opportunities for those banks that turn challenges into strategic opportunities. In our latest publications, we analyze the current situation and chances in wealth management and investment banking, we take a closer look at the role that new technologies like blockchain could play, and we show three innovative, strategic options for what traditional banks could become in future.