McKinsey

16 results about this entity

Period: 21 Jul 2017 - 20 Nov 2023

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Report predicts boom in Apac's wealthtech market

/wealth

Report predicts boom in Apac's wealthtech market

The wealthtech sector in Asia-Pacific could be worth more than $2trn by 2027 thanks to technological advancements, according to a report published by McKinsey.

/predictions

African fintech revnues tipped to grow by 8x to reach $30 billion by 2025

As the fastest-growing start-up industry in Africa, African fintech raised over US$1,3 billion in 2021 alone, the success of fintech companies is being fuelled by several trends, including increasing smartphone ownership, declining internet costs, expanded network coverage, and a young, fast-growing, and rapidly urbanizing population.

Global payments revenues bounce back

/payments

Global payments revenues bounce back

After a tough 2020, payments industry revenues rebounded strongly in 2021, growing at an 11% rate and hitting $2.1 trillion globally, according to a report from McKinsey.

NextGen Nordics: Green bitcoin mining farm planned in Sweden

/crypto

NextGen Nordics: Green bitcoin mining farm planned in Sweden

Ahead of our NextGen Nordics conference on 27 April 2022, we will be putting together a weekly briefing of all the top stories that are emerging out of the region and setting the blueprint for payments innovation across Denmark, Finland, Iceland, Norway, and Sweden.

Money 20/20 EU: Will Europe prevail in the new dawn of payments?

/payments

Money 20/20 EU: Will Europe prevail in the new dawn of payments?

Amsterdam: Finextra is on the ground at Money 20/20 Europe, attending a host of sessions to provide you with key highlights from the most popular sessions throughout the conference.

Pimco, Man Group and State Street join forces with tech vendors to build new AM operating model

/cloud

Pimco, Man Group and State Street join forces with tech vendors to build new AM operating model

Pimco, Man Group, IHS Markit, State Street, Microsoft and McKinsey have joined forces to create a new technology company for the asset management industry.

Fintech sector faces "existential crisis" says McKinsey

/startups

Fintech sector faces "existential crisis" says McKinsey

Europe's fintech sector faces an "existential crisis", says McKinsey, as sources of funding dry up during the ongoing Covid pandemic.

/security

The cybersecurity posture of financial services companies: IIF/McKinsey Cyber Resilience Survey

A recent joint survey on cyber resilience by the Institute of International Finance (IIF) and McKinsey found significant concerns regarding third-party security, and our survey determined that 33 percent of financial-services firms do not have proper vendor remote-access management with multifactor-authentication controls.

Payments revenue to enter negative territory

/payments

Payments revenue to enter negative territory

McKinsey is forecasting a dramatic decline in payments revenue as the Coronavirus crisis hits economic activity across the globe.

Transformative regulation finds its feet in 2020

/regulation

Transformative regulation finds its feet in 2020

The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.

Wider use of LEIs could save banking industry up to $4 billion per annum

Research conducted by McKinsey on behalf of the Global Legal Entity Identifier Foundation (GLEIF) has concluded that wider use of Legal Entity Identifiers (LEIs) across the global banking sector could save the industry U.S.$2-4 billion annually in client onboarding costs alone.

McKinsey: Banks in the last pit-stop to revamp business models

McKinsey: Banks in the last pit-stop to revamp business models

Up to a third of the world's banks are not equipped to survive an economic downturn and must re-invent their business models to compete in a digital age, according to a report by consultancy McKinsey.

Blockchain benefits limited for retail banks - report

Blockchain benefits limited for retail banks - report

A report from management consultant McKinsey suggests that retail banks have been slower to adopt blockchain technology because they face more challenges in reaping the potential benefits.

10,000 jobs could be lost to robots says Citi

10,000 jobs could be lost to robots says Citi

US bank Citi has warned that it could shed half of its 20,000 tech and ops staff in the next five years due to the rise of robotics and automation.

Forget fintechs, banks need to worry about Alibaba and Amazon

Forget fintechs, banks need to worry about Alibaba and Amazon

Banks may have seen off the challenge from fintech startups but they now face the far bigger threat of platform giants such as Amazon and Alibaba eating into their margins, warns a new report from consultancy McKinsey.

Machines could take over 30% of bank jobs: McKinsey

Machines could take over 30% of bank jobs: McKinsey

Robots, artificial intelligence and other forms of automation could take over almost a third of investment banking jobs within just a few years, according to a recent report from consultant McKinsey.

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