Opinions

I this article I argue that anyone who prides themselves on being process-driven and is performing repetitive work will soon face stiff competition from automation and machine learning, as they are being introduced in the financial services space.

I have observed throughout my career that senior staff is frequently involved way beyond discharging their supervisory duties, or ensuring that activities are properly executed. They are often used to provide repetitive guidance at a very tactical level.

In order to differentiate ourselves from our peers we need to consider parting ways with some of the most cherished marketing practices in the financial industry.

This article is directed at service providers and professional service firms, who would like to gain entry into the lucrative financial services market, such as brand, PR, and marketing agencies, lawyers, and accounting firms.

According to a recent McKinsey study on banks, the client side of the banking business is six times more valuable than the balance sheet provision side.

Global regulatory initiatives continue to be the single biggest strategy driver in the financial industry. The resulting consolidation and bifurcation into full-service asset gatherers and specialist alpha providers is well-documented.

Who thought 10 years ago that our parents would be adopting Facebook? And that they would be “pushing” future decision makers to Instagram, Snapchat and TikTok, where the latter today are coordinating their entire social life.