Boston Consulting Group | Global news | Financial Services

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
France

Worldline working with BCG to reshape its strategic plan Paris-headquartered Worldline, one of the world’s largest payment services companies, has called on Boston Consulting Group (BCG) to help shape a new strategy that can restore the group’s image.
25 January 2024
India

Spice Money taps BCG to support new financial services platform Spice Money, an Indian rural-focused financial services company, has tapped Boston Consulting Group (BCG) to help develop a new digital financial services platform aimed to benefit its Indian custome
27 October 2023
India

Indian fintech industry to become $190 billion sector by 2030 Boston Consulting Group forecasts that Indian fintech companies, propelled by the expanding market demand driven by financial inclusion, will likely generate aggregate revenues of up to $190 billion
23 October 2023
United Kingdom

Barclays selects Boston Consulting Group for strategy refresh Consultants from Boston Consulting Group have been selected for a new strategic review with Barclays.
05 June 2023
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
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
Australia

HCF works with BCG Digital Ventures on new insurance offering Flip Australian health insurer HCF has joined with BCG Digital Ventures to launch insurtech start-up Flip, which offers innovative on-demand injury cover designed for active young Australians.
22 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
France

BCG and Roland Berger advise on Ardian's Finaxy acquisition French private equity firm Ardian has acquired a majority stake in Finaxy, one of France’s ten largest insurance brokers. Operating under the ownership of private equity is not new for Finaxy.
24 August 2020
United States

Asset managers post strong 2019, as uncertain 2020 continues Though assets under management (AuM) grew by 15% in 2019, economic turmoil from the pandemic will force asset managers to adapt in a number of ways, according to Boston Consulting Group’s annual repo
01 June 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
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
Singapore

Leading global consultants grace the stage for Singapore Fintech Festival
14 November 2018
United Kingdom

Asset management sector doubles holdings to $79 trillion in 10 years Asset managers had a strong 2017, as new money entered their catchments, global markets boomed and new products were developed.
31 October 2018
United Kingdom

Growing number of junior bankers switching to MBB consultancies An increasing number of junior banking professionals are considering shifting to the world’s largest strategy consultancies, according to a number of young professionals in both sectors.
07 September 2018
United Kingdom

Capgemini and Efma join forces to match corporates with FinTechs With a growing number of FinTech players offering services to traditional financial players, there is an increasing appetite for services helping corporates find the right platform for them.
24 May 2018
United Kingdom

BCG to help Lloyd's of London develop InsurTech startup lab Lloyd’s of London has commissioned professional services giant The Boston Consulting Group (BCG) and innovation specialist L Marks to help the leading insurance market set up the Lloyd’s Lab — a prop
09 May 2018
Europe

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

Banks payment revenues to hit $1 trillion by 2026 Banks’ payment segments are set to see strong growth in retail and wholesale markets on the back of booming emerging markets – boosting revenues by $1 trillion to 2026.
05 January 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
United Kingdom

Former BCG and Strategy& partner Thomas Achhorner joins additiv Former BCG partner Thomas Achhorner has joined additiv, a Zurich-based provider of technology solutions to the financial services industry.
14 August 2017
United Kingdom

Client experience key to rebuilding wealth management profit Wealth managers continue to see their pre-tax profits erode as revenues decline further, however a new report highlights that many wealth managers have finally managed to stem the bleeding.
02 August 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
United Kingdom

Investment banks continue to lose ground in capital markets industry Investment banks continue to lose ground in the capital markets industry, new research finds.
09 May 2017
United Kingdom

FinTechs in asset management and capital markets are gaining share The FinTech scene in the asset management and capital markets space is, as it stands, relatively small, with the majority of focus for FinTech development going to the retail and corporate banking segments.
07 February 2017
United Kingdom

Global payments revenues to hit $2 trillion by 2025, emerging economies lead The global payments industry is set to enjoy revenue growth of more than $800 billion between now and 2025 on the back of strong growth within emerging markets.
11 October 2016
United Kingdom

Comerica hires Boston Consulting Group to deliver strategic plan The Boston Consulting Group has been hired by US-based bank Comerica to run a strategic review of its expenses and to identify areas of revenue expansion.
29 June 2016
United Kingdom

BCG buys stake in matchmaking platform Opportunity Network BCG has intensified its partnership with Opportunity Network.
18 April 2016
United Kingdom

BCG: Transactional-banking revenues grow to 2 trillion The transactional-banking market is projected to grow $900 billion to almost $2 trillion by 2024, research by BCG shows.
06 January 2016

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