BASEL, February 2019 - The Financial Stability Board has warned that banks have more to fear from the competitive impact of Big Tech firms in financial services than the disruptive threat posed by FinTech startups.
Most banks will be made irrelevant by 2030 - Gartner
Global Payments 2017: Amid rapid change, an upward trajectory
MCKINSEY, October 2017 - The global payments industry continues to deliver healthy growth, with underlying fundamentals such as transaction volumes and account balances demonstrating even greater strength. This rosy scenario also lays the groundwork for significant disruption likely to alter the dynamics between financial institutions and fintechs.
Capital Markets and Investment Banking: Time for real change and bold actions
MCKINSEY, September 2016 - Nearly a decade after the global financial crisis, the capital markets and investment banking (CMIB) industry remains under pressure amid weak profits, high costs, and lingering strategic uncertainty. The inescapable reality is that the industry’s restructuring efforts to date have failed to produce sustainable performance. A more fundamental change is required, based on the realization that for most banks, the traditional model of global capital markets and investment banking is no longer an option.