Insights on Financial Services

Article

Seeds of outperformance: How M&A can help banks thrive in the next normal

– The ‘next normal’ will pose challenges that banks can address through carefully planned M&A. A few broad strategies offer the greatest potential.
Article

Buy now, pay later: Five business models to compete

– Financing at the point of sale may be a small share of unsecured lending in the United States today, but it’s growing fast. Banks seeking long-term growth should explore market entry, and merchants should reassess their financing offers.
Report

German banking returns to the playing field

– The challenges facing Germany’s banking sector are steep, but a new game plan presents the opportunity for a sustainable future for the industry.
Article

Financial services unchained: The ongoing rise of open financial data

– If open finance continues to accelerate, it could reshape the global financial services ecosystem, change the very idea of banking, and increase pressure on incumbents.
Article

European asset management after an unprecedented year

– Asset managers weathered the shocks of 2020. Now they face five structural trends that will reshape their operating environment.
Interview

Nordic payments: Where collaboration and competition lead to innovation

– Three industry leaders share perspectives on working across ecosystems and borders to provide world-class payments that deliver customer, business, and societal value.
Article

US midcap banking: The shakeout ahead?

– Midsize US banks have held their own in recent years, but competitive pressures may bring a new wave of consolidation. Those using M&A best practices will have an edge.
Podcast - Talking Banking Matters

At the intersection of banking and technology: A conversation with Cross River Bank

– In a wide-ranging interview with McKinsey’s Vijay D’Silva, Cross River’s Gilles Gade (CEO) and Adam Goller (head of fintech banking) talk tech, talent, cryptocurrency, and their role as one of the biggest US originators of Paycheck Protection Program (PPP) loans.
Article

CEO brief: The future of business building in insurance

– Insurance executives must drive a shift in business from methodical to adaptive and faster.

Banking & Securities matters

Short takes on critical topics for leaders in banking, securities and beyond.

Insurance insights that matter

Short insights on topics that matter to leaders in the global insurance industry.

OUR 2020 PRESENTATIONS

Annual Global Payments Outlook
Global Transaction Banking to 2030 – what the next decade may bring

Featured publications

Issue

Building the AI bank of the future

– To thrive in the AI-powered digital age, banks will need an AI-and-analytics capability stack that delivers intelligent, personalized... solutions and distinctive experiences at scale in real time.
Issue

McKinsey on Payments 31

Covering trends and opportunities in the world of payments.
Collection

Digital disruption in insurance: Cutting through the noise

Digital insurance in 2018: Driving real impact with digital and analytics. Highlights from articles this year show the progress... that has been made in reinventing the insurance landscape—and suggest more disruption to come.

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MORE INSIGHTS

Article

Making banks from branch networks: Why financial services are still a good idea for postal carriers and retailers

– Postal carriers and retailers with vast distribution networks could leverage them and their deep customer relationships.
Interactive

Cloud value in cash management

– A recent webinar highlights how banks can unlock significant value and competitive advantage through cloud.
Interview - McKinsey Quarterly

A digital-business builder: An interview with the CEO of Allianz Direct

– What does it take to build scalable new businesses inside of an older, more established company? Bart Schlatmann is building one... now.
Discussion Paper - McKinsey Global Institute

Financial data unbound: The value of open data for individuals and institutions

– Economies that embrace data sharing for finance could see GDP gains of between 1 and 5 percent by 2030, with benefits flowing... to consumers and financial institutions.
Article

Model life-cycle transformation in the next decade

As SR 11-7 celebrates its first 10 years, we reflect on best practices developed over this decade and discuss how to leverage... them for a better, more efficient and more effective model risk management.

Article

Transforming the end-to-end model life cycle through digitization

– With increasing global complexities, those financial institutions that take a more integrated, strategic approach to model life-cycle... management can unlock massive potential.
Podcast

Building new digital businesses in insurance

– More incumbent insurers are considering building digital businesses. Three McKinsey experts discuss what to do—and with... whom.
Article

How insurers can reimagine G&A for the next normal

– This often-overlooked function can yield significant cost savings.
Article

Five retail banking products that unite value and a sense of purpose

– As increasing numbers of customers look for products and services with positive social or environmental impacts, banks can add... value through innovation.
Report

Global Insurance Pools statistics and trends: An overview of life, P&C, and health insurance

– The ninth edition of McKinsey’s Global Insurance Pools database offers a detailed look at the insurance industry by region... and line of business.
Article

Beyond digital transformations: Modernizing core technology for the AI bank of the future

– For artificial intelligence to deliver value across the organization, banks need core technology that is scalable, resilient,... and adaptable. Building that requires changes in six key areas.
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