After a prolonged period of low interest rates, the 30-year fixed mortgage rate has risen, and is likely to stay at a higher level than we have seen for the last decade. Both bank and non-bank originators are feeling the impact, with originations, revenue, and profitability declining in line with historical patterns. Given these challenges, originators are looking for ways to sustain profitable growth and create a market advantage. This white paper addresses how mortgage originators can and are leveraging digital solutions across the mortgage value chain to address those market challenges.
TMT Outlook 2017: A new wave of advances offer opportunities and challengesDeloitte United States
Important trends continue to shape the technology, media, and telecommunications (TMT) industry. What developments should you anticipate in 2017? https://subscriptions.deloitte.com/default.aspx?eventid=1323075
PwC’s new Golden Age Index – how well are countries harnessing the power of o...PwC
One of the key megatrends affecting the UK and most other developed countries is an ageing population. Harnessing the potential of older workers will therefore become an increasingly important source of competitive advantage for both nations and businesses.
To explore how the UK compares with other OECD economies in this regard, PwC has developed a new ‘Golden Age index’ comparing how well they are utilising workers aged 55 and over. The index includes relative employment, earnings and training rates for older workers for 34 OECD countries over the period since 2003.
Presentation for a speech I had in an important private banking event in October 2018.
How will be banks tomorrow? How will be their customers?
What has a bank to do in order to be ready for new coming customers?
Booz Allen Hamilton and Market Connections: C4ISR Survey ReportBooz Allen Hamilton
Booz Allen Hamilton partnered with government market research firm Market Connections, Inc. to conduct the survey of military decision-makers. The research examined the main features of Integrated C4ISR through Enterprise Integration: engineering, operations and acquisition. Two-thirds of respondents (65 percent) agree agile incremental delivery of modular systems with integrated capabilities can enable rapid insertion of new technologies.
This analysis provides an overview of the top trends in the retail banking sector driven by the competition, digital transformation, and innovation led by retail banks exploring novel ways to create and retain value in evolving landscape.
COVID-19 caught banks off guard and shook legacy mindsets to the core. With 20/20 (2020) hindsight, firms are more aware, digitally resilient, and financially stable as they head into 2022. The trials of the past 18 months forced firms to shore up existing business and consider new models and revenue streams.
Customer-centricity remains at the top of most FS agendas and is a 2022 focal point. Banks will focus on achieving operational excellence as diligently as delivering superior CX. In 2022 and beyond, it will be paramount for FIs to explore and invest in new technologies to remain relevant and resilient.
Banking 4.X will arrive in full force in 2022 with platform-supported firms monetizing diverse ecosystem capabilities and aggressively harvesting data to create experiential customer journeys through intelligent and personalized engagements. The new era will compel future-focused banks to finally abandon legacy infrastructure and collaborate with third-party specialists to solidify their best-fit, long-term roles. Increasingly, open platforms will make banks invisible as banking becomes embedded into customer lifestyles. At the same time, banks will shed asset-heavy models and shift to the cloud for greater agility, speed to market, and faster innovation. The shift will act as a precursor to adopting new technologies on the horizon – 5G and Decentralized Finance.
The recent past was filled will extraordinary lessons for financial institutions. Now is the time to act on those learnings and move forward profitably.
TMT Outlook 2017: A new wave of advances offer opportunities and challengesDeloitte United States
Important trends continue to shape the technology, media, and telecommunications (TMT) industry. What developments should you anticipate in 2017? https://subscriptions.deloitte.com/default.aspx?eventid=1323075
PwC’s new Golden Age Index – how well are countries harnessing the power of o...PwC
One of the key megatrends affecting the UK and most other developed countries is an ageing population. Harnessing the potential of older workers will therefore become an increasingly important source of competitive advantage for both nations and businesses.
To explore how the UK compares with other OECD economies in this regard, PwC has developed a new ‘Golden Age index’ comparing how well they are utilising workers aged 55 and over. The index includes relative employment, earnings and training rates for older workers for 34 OECD countries over the period since 2003.
Presentation for a speech I had in an important private banking event in October 2018.
How will be banks tomorrow? How will be their customers?
What has a bank to do in order to be ready for new coming customers?
Booz Allen Hamilton and Market Connections: C4ISR Survey ReportBooz Allen Hamilton
Booz Allen Hamilton partnered with government market research firm Market Connections, Inc. to conduct the survey of military decision-makers. The research examined the main features of Integrated C4ISR through Enterprise Integration: engineering, operations and acquisition. Two-thirds of respondents (65 percent) agree agile incremental delivery of modular systems with integrated capabilities can enable rapid insertion of new technologies.
This analysis provides an overview of the top trends in the retail banking sector driven by the competition, digital transformation, and innovation led by retail banks exploring novel ways to create and retain value in evolving landscape.
COVID-19 caught banks off guard and shook legacy mindsets to the core. With 20/20 (2020) hindsight, firms are more aware, digitally resilient, and financially stable as they head into 2022. The trials of the past 18 months forced firms to shore up existing business and consider new models and revenue streams.
Customer-centricity remains at the top of most FS agendas and is a 2022 focal point. Banks will focus on achieving operational excellence as diligently as delivering superior CX. In 2022 and beyond, it will be paramount for FIs to explore and invest in new technologies to remain relevant and resilient.
Banking 4.X will arrive in full force in 2022 with platform-supported firms monetizing diverse ecosystem capabilities and aggressively harvesting data to create experiential customer journeys through intelligent and personalized engagements. The new era will compel future-focused banks to finally abandon legacy infrastructure and collaborate with third-party specialists to solidify their best-fit, long-term roles. Increasingly, open platforms will make banks invisible as banking becomes embedded into customer lifestyles. At the same time, banks will shed asset-heavy models and shift to the cloud for greater agility, speed to market, and faster innovation. The shift will act as a precursor to adopting new technologies on the horizon – 5G and Decentralized Finance.
The recent past was filled will extraordinary lessons for financial institutions. Now is the time to act on those learnings and move forward profitably.
Concord Business Plans - Pitch Deck ExamplesWanda Halpert
Deck with sample slides from actual pitch deck client work. We have completed over 800 business plans and pitch decks that have raised more than $2.5 Billion for our clients.
Summary: Even in a time of high biopharma valuations, adopting an activist mentality adds rigor to capital allocation and strategic decision-making, improving not just returns to shareholders but long-term value creation. Therefore, biopharma management teams and boards of directors should proactively assess the “fitness” of their capital allocation strategies and their alignment with operational performance goals by taking an outsider’s view of the business even when times are good — and before a material stumble provides a compelling reason for an outsider to act. For more on this topic, go to http://www.ey.com/GL/en/Industries/Life-Sciences/EY-vital-signs-how-fit-is-your-capital-allocation-strategy.
DocSend Fundraising Research: What we Learned from 200 Startups Who Raised $360MDocSend
Why do some startups get funded? What makes for the best pitch? How does the process work?
DocSend recently teamed up with Professor Tom Eisenmann from Harvard Business School. Together, we conducted research that gave us the answers to those questions. We studied the fundraising of 200 startup companies as they went through their Series Seed and Series A rounds. Altogether, these companies raised more than $360 million.
Why this data is awesome:
Fundraising is a historically opaque endeavor. There’s very little data available and most advice tends to be anecdotal. DocSend is in the unique position of being able to quantitatively analyze the interaction between founders and investors, and tie that to fundraising outcomes in a statistically meaningful way.
Why we built this report:
DocSend aims to help companies share documents in a smarter, safer, and more impactful way. We believe this research is in service of that mission and can help push the startup ecosystem forward as a whole.
Background on DocSend:
DocSend helps sales people track and control documents they send to clients. We’ve also become very popular amongst founders in the fundraising process. Hundreds of startups have used our platform to circulate pitch decks to investors.
Ready to ditch email attachments and put your pitch materials to work for you?
Sign up for a free plan at docsend.com
A.T. Kearney 2017 State of Logistics Report: Accelerating into UncertaintyKearney
2017 could be a pivotal year for logistics. Demand patterns are shifting, technological advances are altering industry economics, and new competitors are challenging old business models. This year could bring significant moves that reshape individual sectors and even the industry as a whole. Major business combinations, large-scale shifts in distribution flows, deep capacity cuts, massive infrastructure investments–anything is possible. Here are the ten key takeaways from the 2017 State of Logistics report, as well as the four potential scenarios for the future of logistics.
Retailers who are proactive with their approach to consumer privacy and retail cyber security will create more meaningful data and consumer engagement.
L.E.K. Consulting’s annual Media & Entertainment Study
was conducted between December 2018 and January
2019. We surveyed around 2,000 households on their
entertainment choices, preferences and viewing habits.
This Executive Insights analyzes key findings about
movie theater attendance and subscription services.
The Rapidly Evolving Landscape of Meal Kits and E-commerce in Food & BeverageL.E.K. Consulting
Consumers are increasingly strapped for time, and when they’re shopping for and preparing fresh, healthy food, every extra minute counts. Here’s where meal kits and e-commerce come in: they give consumers control and the ability to personalize their meals, while saving them valuable time otherwise spent on shopping and food prep.
In this webinar, Rob Wilson, Managing Director at L.E.K. Consulting, and The Food Institute will explore the $150 billion land grab of e-commerce sales in food & beverage and the role of meal kits in this rapidly evolving landscape.
Apache Hadoop Summit 2016: The Future of Apache Hadoop an Enterprise Architec...PwC
Hadoop Summit is an industry-leading Hadoop community event for business leaders and technology experts (such as architects, data scientists and Hadoop developers) to learn about the technologies and business drivers transforming data. PwC is helping organizations unlock their data possibilities to make data-driven decisions.
Top 8 Insights From the 2018 Beauty, Health & Wellness SurveyL.E.K. Consulting
Think nutritional supplements and skincare are of interest only to consumers of a certain age? Think again. According to L.E.K. Consulting’s third installment of a biennial survey of the healthy living marketplace, this one focusing on nutrition and skincare, some 80% of health and wellness (H&W) consumers across generations — from millennials to baby boomers — are highly engaged with both categories.
The survey captured insights from more than 1,600 respondents, representing roughly 77% of the U.S. adult population who identify with H&W themes, and generated eight key insights across categories. Together these insights make clear that consumer interest in nutritional supplements and skincare often lasts a lifetime.
US Retail Banks have enjoyed several years of strong profitability and positive revenue growth. However, we see numerous headwinds to growth due to demographic, competitive, and consumer trends. While many of these trends will persist well into the future, 2019 will be a pivotal year. The attached white paper provides insights into the growth challenge and creative solutions for banks can act to accelerate their growth.
On June 21st, PwC’s Health Research Institute (HRI) released its annual Medical Cost Trend: Behind the Numbers 2017 report. PwC’s HRI anticipates a 6.5% growth rate for 2017—the same as was projected for 2016. The report identifies the key inflators and deflators as well as historical context to better understand the medical cost trend for 2017. Increases in the trend due to utilization of convenient care access points and an uptick in behavioral healthcare benefits for employees are being offset by more aggressive strategies by pharmacy benefit
Fintech New York: Partnerships, Platforms and Open Innovationaccenture
We are in the midst of a major disruption in the financial services that will see increasing adoption and evolution of disruptive FinTech solutions. Read our report released at the Fintech Innovation Lab’s Fifth Annual Demo Day Event.
An Introduction to Digital Credit: Resources to Plan a DeploymentCGAP
This is a workshop/course offering guidance in developing new digital credit products. This content is designed for a broad audience of banks, mobile operators, lenders, and fintech firms. It may also be of interest to regulators, policy makers and investors/donors.
With any comments or to request more materials (including the financial model [Excel] or original PPT presentation with detailed presenter notes), please write to cgap [@] worldbank.org.
Mercer Capital's Bank Watch | October 2022 | How Are Tech-Forward Banks Perfo...Mercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Concord Business Plans - Pitch Deck ExamplesWanda Halpert
Deck with sample slides from actual pitch deck client work. We have completed over 800 business plans and pitch decks that have raised more than $2.5 Billion for our clients.
Summary: Even in a time of high biopharma valuations, adopting an activist mentality adds rigor to capital allocation and strategic decision-making, improving not just returns to shareholders but long-term value creation. Therefore, biopharma management teams and boards of directors should proactively assess the “fitness” of their capital allocation strategies and their alignment with operational performance goals by taking an outsider’s view of the business even when times are good — and before a material stumble provides a compelling reason for an outsider to act. For more on this topic, go to http://www.ey.com/GL/en/Industries/Life-Sciences/EY-vital-signs-how-fit-is-your-capital-allocation-strategy.
DocSend Fundraising Research: What we Learned from 200 Startups Who Raised $360MDocSend
Why do some startups get funded? What makes for the best pitch? How does the process work?
DocSend recently teamed up with Professor Tom Eisenmann from Harvard Business School. Together, we conducted research that gave us the answers to those questions. We studied the fundraising of 200 startup companies as they went through their Series Seed and Series A rounds. Altogether, these companies raised more than $360 million.
Why this data is awesome:
Fundraising is a historically opaque endeavor. There’s very little data available and most advice tends to be anecdotal. DocSend is in the unique position of being able to quantitatively analyze the interaction between founders and investors, and tie that to fundraising outcomes in a statistically meaningful way.
Why we built this report:
DocSend aims to help companies share documents in a smarter, safer, and more impactful way. We believe this research is in service of that mission and can help push the startup ecosystem forward as a whole.
Background on DocSend:
DocSend helps sales people track and control documents they send to clients. We’ve also become very popular amongst founders in the fundraising process. Hundreds of startups have used our platform to circulate pitch decks to investors.
Ready to ditch email attachments and put your pitch materials to work for you?
Sign up for a free plan at docsend.com
A.T. Kearney 2017 State of Logistics Report: Accelerating into UncertaintyKearney
2017 could be a pivotal year for logistics. Demand patterns are shifting, technological advances are altering industry economics, and new competitors are challenging old business models. This year could bring significant moves that reshape individual sectors and even the industry as a whole. Major business combinations, large-scale shifts in distribution flows, deep capacity cuts, massive infrastructure investments–anything is possible. Here are the ten key takeaways from the 2017 State of Logistics report, as well as the four potential scenarios for the future of logistics.
Retailers who are proactive with their approach to consumer privacy and retail cyber security will create more meaningful data and consumer engagement.
L.E.K. Consulting’s annual Media & Entertainment Study
was conducted between December 2018 and January
2019. We surveyed around 2,000 households on their
entertainment choices, preferences and viewing habits.
This Executive Insights analyzes key findings about
movie theater attendance and subscription services.
The Rapidly Evolving Landscape of Meal Kits and E-commerce in Food & BeverageL.E.K. Consulting
Consumers are increasingly strapped for time, and when they’re shopping for and preparing fresh, healthy food, every extra minute counts. Here’s where meal kits and e-commerce come in: they give consumers control and the ability to personalize their meals, while saving them valuable time otherwise spent on shopping and food prep.
In this webinar, Rob Wilson, Managing Director at L.E.K. Consulting, and The Food Institute will explore the $150 billion land grab of e-commerce sales in food & beverage and the role of meal kits in this rapidly evolving landscape.
Apache Hadoop Summit 2016: The Future of Apache Hadoop an Enterprise Architec...PwC
Hadoop Summit is an industry-leading Hadoop community event for business leaders and technology experts (such as architects, data scientists and Hadoop developers) to learn about the technologies and business drivers transforming data. PwC is helping organizations unlock their data possibilities to make data-driven decisions.
Top 8 Insights From the 2018 Beauty, Health & Wellness SurveyL.E.K. Consulting
Think nutritional supplements and skincare are of interest only to consumers of a certain age? Think again. According to L.E.K. Consulting’s third installment of a biennial survey of the healthy living marketplace, this one focusing on nutrition and skincare, some 80% of health and wellness (H&W) consumers across generations — from millennials to baby boomers — are highly engaged with both categories.
The survey captured insights from more than 1,600 respondents, representing roughly 77% of the U.S. adult population who identify with H&W themes, and generated eight key insights across categories. Together these insights make clear that consumer interest in nutritional supplements and skincare often lasts a lifetime.
US Retail Banks have enjoyed several years of strong profitability and positive revenue growth. However, we see numerous headwinds to growth due to demographic, competitive, and consumer trends. While many of these trends will persist well into the future, 2019 will be a pivotal year. The attached white paper provides insights into the growth challenge and creative solutions for banks can act to accelerate their growth.
On June 21st, PwC’s Health Research Institute (HRI) released its annual Medical Cost Trend: Behind the Numbers 2017 report. PwC’s HRI anticipates a 6.5% growth rate for 2017—the same as was projected for 2016. The report identifies the key inflators and deflators as well as historical context to better understand the medical cost trend for 2017. Increases in the trend due to utilization of convenient care access points and an uptick in behavioral healthcare benefits for employees are being offset by more aggressive strategies by pharmacy benefit
Fintech New York: Partnerships, Platforms and Open Innovationaccenture
We are in the midst of a major disruption in the financial services that will see increasing adoption and evolution of disruptive FinTech solutions. Read our report released at the Fintech Innovation Lab’s Fifth Annual Demo Day Event.
An Introduction to Digital Credit: Resources to Plan a DeploymentCGAP
This is a workshop/course offering guidance in developing new digital credit products. This content is designed for a broad audience of banks, mobile operators, lenders, and fintech firms. It may also be of interest to regulators, policy makers and investors/donors.
With any comments or to request more materials (including the financial model [Excel] or original PPT presentation with detailed presenter notes), please write to cgap [@] worldbank.org.
Mercer Capital's Bank Watch | October 2022 | How Are Tech-Forward Banks Perfo...Mercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Value Focus: FinTech Industry | Fourth Quarter 2022 Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Deloitte India: The beginning of new M&A sessionaakash malhotra
Learn about the changes that mergers and acquisitions are undergoing in the present era with Deloitte India. See More : https://www2.deloitte.com/ie/en/pages/finance/articles/the-beginning-of-a-new-MA-season.html
TAKING A CLOSER LOOK AT ALTERNATIVE LENDING INDUSTRY AS WE APPROACH 2020Crest Hill Capital LLC
The alternative financing industry is fast emerging as one of the most massive sectors around the world, backed by the power of modern technology. As per the Statista report, transaction value in this segment, in 2019, was close to USD 267,123.6 million. This value is expected to show a further annual increase of 10% (CAGR 2019-2023). With numbers running in its favor, let us take a closer look at the alternative lending industry as we approach 2020. Let's delve into the trends that this financing segment might witness over the next decade.
After a return to more expansionary monetary policies in early 2019, the world’s non-financial corporations borrowed an additional USD 2.1 trillion in the form of corporate bonds. In real terms, this is equivalent to the amount borrowed in the previous record year 2016 and represents a clear reversal of the decrease in corporate bond issuance during 2018. Adding the record borrowing during 2019 to the unprecedented build-up of corporate bond debt since 2008 means that the global outstanding stock of non-financial corporate bonds at the end of 2019 reached an all-time high of USD 13.5 trillion.
The new data in this OECD report, Corporate Bond Market Trends, Emerging Risks and Monetary Policy, shows that, in addition to its growing size, the quality and dynamics of the outstanding stock of corporate bonds have also changed. Compared with previous credit cycles, today’s stock of outstanding corporate bonds has lower overall credit quality, higher payback requirements, longer maturities and inferior covenant protection. These are features that may amplify the negative effects that an economic downturn would have on the non-financial corporate sector and the overall economy.
Find the full report at http://www.oecd.org/corporate/Corporate-Bond-Market-Trends-Emerging-Risks-and-Monetary-Policy.htm
While security servicing providers have performed well in recent years, they face anemic core growth, shifting client expectations, rising pressure on fees, and the potential for disruption. The COVID-19 pandemic and associated recession will put further pressure on the industry. In response, they must be bold in their planning and approach to service delivery.
OECD: Corporate bond markets in a time of unconventional monetary policyEduardo Vinante
The cheap money policies that fueled the global economy’s rebound since the financial crisis may be about to turn sour.
The amount of corporate bonds in circulation has doubled over the last decade to $13 trillion after companies binged on debt, causing “elevated risks and vulnerabilities,” the Organization for Economic Cooperation and Development said in a report.
JPMORGAN CHASE REPORTS THIRD-QUARTER 2013 NET LOSS OF $0.4 BILLION, OR $(0.17) PER SHARE, ON REVENUE1 OF $23.9 BILLION
THIRD-QUARTER 2013 NET INCOME OF $5.8 BILLION, OR $1.42 PER SHARE, EXCLUDING LITIGATION EXPENSE AND RESERVE RELEASES1
RegTech broadly to include any technology and/or software created to address regulatory challenges and help companies understand regulatory requirements and stay compliant.
Mercer Capital's Value Focus: FinTech Industry | Mid-Year 2019 Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
Boston Consulting Group partners with leaders
in business and society to tackle their most
important challenges and capture their greatest
opportunities. BCG was the pioneer in business
strategy when it was founded in 1963. Today,
we work closely with clients to embrace a
transformational approach aimed at benefiting all
stakeholders—empowering organizations to grow,
build sustainable competitive advantage, and
drive positive societal impact.
Our diverse, global teams bring deep industry and
functional expertise and a range of perspectives
that question the status quo and spark change.
BCG delivers solutions through leading-edge
management consulting, technology and design,
and corporate and digital ventures. We work in a
uniquely collaborative model across the firm and
throughout all levels of the client organization,
fueled by the goal of helping our clients thrive and
enabling them to make the world a better place.
Independent of industry, BCG Green Ventures believes in 12 concrete opportunities the world needs to get to net zero. These are the 12 levers available for any given corporate to participate in the decarbonization economy, which we are treating as a massive value creation opportunity.
BCG has launched its Telco Sustainability Index, designed to capture the four dimensions most relevant to a telco’s environmental strategy. The index tracks the company’s commitment to sustainability, its emissions intensity and that of its upstream and downstream partners, its elimination of waste, and its customer enablement.
BCG has launched its Telco Sustainability Index, designed to capture the four dimensions most relevant to a telco’s environmental strategy. The index tracks the company’s commitment to sustainability, its emissions intensity and that of its upstream and downstream partners, its elimination of waste, and its customer enablement.
COVID-19’s uneven trajectory has created a slower-than-expected rebound in urban travel worldwide. Some mobility modes, however, are poised to exceed pre-pandemic levels. BCG provides a breakdown of recovery levels in urban mobility by region and mode--and over time.
Of the different patterns that have emerged in governments’ fight against coronavirus—crush and contain is the most effective. While many countries missed the initial opportunity to crush and contain, it is critical that governments prepare now to make sure they don’t miss the opportunity again.
The retail banking industry is facing unprecedented challenges as a result of COVID-19. Customer behaviour has changed drastically and will continue to evolve in a post-Covid world. This LABTalk explores trends in channel usage, customer preferences and brand perceptions captured in the latest REBEX Pulse Survey spanning 30 countries. Join this LAB Talk session to learn how you can use the data and insights for your next case.
Authors: Thorsten Brackert, Mindy Hauptman, Byron Marshall, Holger Sachse, Bjorn Schwarz, Aldo Tolentino & Monica Wegner
Radical change in racial equity is needed. In order to successfully drive that change, a holistic response is required—with attention to business drivers, teams and culture, and resources.
What Does the Recovery of Demand for Urban Mobility Look Like Post-COVID-19?Boston Consulting Group
Based on a survey of 5,000 residents in china, the EU, and the US, BCG analyzed the likely recovery of demand in urban mobility following the COVID-19
outbreak. Ultimately—until a cure emerges—we expect we expect a major shift away from public transit toward private mobility modes, specifically private cars and bikes. But the magnitude of the shift will differ across the varied type of cities.
One in four customers is planning to either use branches less or stop visiting branches altogether after the COVID-19 crisis, according to new BCG retail banking consumer “pulse” survey.
The COVID-19 crisis is threatening the lives and well-being of the global community. Health, political, societal, and business leaders must drive an integrated response to navigate, manage, and lead through it.
The COVID-19 crisis is threatening the lives and well-being of the global community. Health, political, societal, and business leaders must drive an integrated response to navigate, manage, and lead through it.
Covid-19 Is a Call for Retail Banks to Accelerate Digital TransformationBoston Consulting Group
We see nine imperatives that can help retail banks remain firmly on their feet during the crisis and enable them to move forward rapidly in its aftermath. Ultimately, the crisis reinforces an urgent need for banks to accelerate their digital transformations.
How should nonprofit leaders adjust to the new reality of operating under COVID-19? This detailed checklist can help you understand the actions needed to protect team health, improve financial resilience, and continue executing on your mission with clarity and impact.
COVID-19: Sustaining Liquidity/Funding Management and Treasury Operations in ...Boston Consulting Group
As COVID-19’s international spread has accelerated, markets have started to price in epidemic-related risks. This paper provides a four-step approach that can enable executives to quantify impacts and define mitigating actions, helping them tackle near-term (crisis management) and long-term (structural liquidity management).
This paper provides a specific framework with practical examples to address the above challenges, leveraging on BCG experience with financial institutions impacted by COVID-19 (e.g., in Italy, China), as well as well ongoing discussions with Regulators and previous experience during severe pandemic and systemic crises.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Scope Of Macroeconomics introduction and basic theories
How digital mortgage solutions can help win the war against margin compression
1. US mortgage industry white paper
How digital mortgage solutions can
help win the war against margin
compression
By Micah Jindal, Billy Hart, and Nate Levin
January 2019
2. US mortgage industry white paper P a g e | 2
Boston Consulting Group January 2019
Summary
After a prolonged period of low interest rates, the 30-year fixed mortgage rate has risen, and is likely to stay at
a higher level than we have seen for the last decade. Both bank and non-bank originators are feeling the
impact, with originations, revenue, and profitability declining in line with historical patterns. Given these
challenges, originators are looking for ways to sustain profitable growth and create a market advantage.
At the same time, borrowers are becoming more comfortable with digital solutions, with approximately 80% of
potential borrowers stating they would consider completing an entire loan application online. In response to
margin compression and emerging borrower needs, originators are introducing a range of digital solutions for
the home-buying experience, including personalized product recommendations, direct data integration with
borrower financial accounts, intelligent asset statement parsing, and automated workflows.
Still, many in the industry question if the investment in digital will lead to the intended results. To this end,
Boston Consulting Group (BCG) reviewed its experiences in building and commercializing digital solutions
with leading mortgage clients as well as results from more than 100 lenders on Blend’s lending platform, a
white label digital mortgage suite that processes more than 100,000 applications per month.
The initial evidence is positive: Digital initiatives have made a significant impact for originators. Some have
made small investments (approximately 2% of the cost base), with expectations to see an increase in
application completion rates of up to 20%, an improvement in loan officer productivity of up to 10%, a
reduction in application turnaround time of 6-10 days, back-end process efficiencies of 2-5%, and an
enhanced customer experience. One critical lesson we observed, however, is that implementation can be
harder than expected. The most successful transformations have interwoven digital into the fabric of the entire
organization, including marketing, sales, back-office operations, technology, risk and compliance, and
integrations with third party partners.
In the future, digitization will continue to proliferate beyond just the application process. Digital lead generation
with rich organic content that boosts traffic will continue to gain ground, particularly in mobile. Digital
partnerships in the home-buying experience - such as with brokers, insurance agents, title and escrow officers
and movers – will create a truly end-to-end experience. Moreover, seamless integrations with new third-party
data sources will enable faster underwriting, closing and funding, ultimately making it almost instantaneous for
a prospective borrower to obtain a loan.
5. US mortgage industry white paper P a g e | 5
Boston Consulting Group January 2019
PART II: Digital Solutions
Lenders look to digital solutions for competitive advantage
Against this background of declining revenue, compressed margins, and an increase in competition,
originators must identify new ways to attract potential borrowers, differentiate themselves, and create a simple
and streamlined experience.
Quicken Loans is an example of an originator that has already adopted digital practices with Rocket
Mortgage, incorporating a borrower-friendly experience, digital application, reduced time to fund, and
substantial marketing presence. At the start of 2018, Quicken became the nation’s largest retail mortgage
lender as a result of the combined successes of Rocket Mortgage and its traditional direct channel. In the first
quarter of 2018, more than 98% of Quicken Loans’ borrower base accessed Rocket Mortgage at some point
in the process.vii
Rocket Mortgage offers an initial mortgage approval with a high degree of confidence. It reduces human
involvement in the origination process by prioritizing digitally-collected consumer financial data over physical
document collection in the verification of borrower assets, income, and employment. Beyond automation,
Quicken is focused on the right human touch, with borrower application questions phrased in simple language
and call center contact easily available whenever a borrower is experiencing difficulties.
Digital solutions for the loan application process such as this are now widespread and being adopted by
originators of all sizes. More than 60% of BCG’s mortgage company clients have either introduced similar
digital applications in the mortgage process or are actively working on doing so. Furthermore, the number of
digital point solutions available for mortgage originators to consider is proliferating, with companies such as
Blend and Roostify (lending platforms), Optimal Blue (secondary solutions), Velocify (customer relationship
management), DocMagic (digital closing), and Plaid (data aggregation) gaining traction.
Digital solutions offer a better customer experience
BCG’s recent client, market participant, and homebuyer surveys make it clear that digital home purchasing
experiences are becoming the expected norm, and that certain features of these digital solutions have
particularly high appeal to customers.
In a BCG survey of recent homebuyers, 79% said they would consider completing the entire loan application
process online by themselves in the future.viii A separate survey of lenders confirmed the same, with 81%
saying that borrowers prefer online loan solutions, and 87% believing that those online solutions are faster
than traditional processes.ix
When BCG asked buyers what features appealed to them the most regarding a digital solution, the top five
were: a checklist guiding them through the process, fees and rates that are easy to understand, online forms
in simple language, instant application approval, and a mortgage calculator.x
BCG also looked at communication best practices between the originator and the customer during the home-
buying process. The highest customer satisfaction scores were associated with key features of digital
mortgage solutions, such as the lender keeping the customer up to date through proactive notifications in a
mobile app or text (e.g. loan status updates and document requests), rather than through phone, email, web,
or regular mail. Up to 47% of those who received proactive notifications reported a high degree of satisfaction,
yet these notifications are only available to 34% of customers. Conversely, the most common method of
8. US mortgage industry white paper P a g e | 8
Boston Consulting Group January 2019
supporting omni-channel communication and streamlining low value-add quality control process. These
improvements resulted in a simpler customer experience and shorter turn time, all within 3 months of ideation.
Following quick wins, these lenders build a minimum viable experience in order to get to the market within 6
months, making continuous iterations based on customer feedback. Throughout the process, they have a
dedicated cross-functional team of sales, operations, technology, and compliance personnel working on
design and implementation.
In addition, leading lenders realize that reaping the benefits associated with digital solutions requires more
than simply building and launching them into the market. The solutions need to be woven into the operating
model of the organization and embedded into its culture, thereby creating a consistent experience across
customer touchpoints and ensuring that the solutions are welcomed by the organization’s employees. Without
staff support, the solutions will not deliver the desired results.
For example, loan officers need to agree that a digital point-of-sale solution is good for their business. They
should not view it as a threat, replacing what they currently do. Rather, it is a solution that allows them to
spend more time building relationships with prospective customers by removing administrative tasks.
Similarly, risk and compliance teams need to be included in the decision making process for a re-imagined
customer experience to ensure “faster” does not equate to more risk. Across the different sets of functional
employees (marketing, sales, operations, technology, risk and compliance), follow-up, communication, and
training are essential during implementation to make sure old habits are broken and employee feedback is
incorporated to further improve the borrower experience.
Taking this approach, one BCG regional bank client made investments in digital solutions that will generate
new leads from the branch network and direct channel, increase conversion rates, and improve fulfillment
efficiency. By increasing digital expenditure in technologies by 2% of total costs, this client aims to increase
origination volume by 10% and reduce back-end costs by 2-5%.xiii In this manner, the increased expenditures
more than pay for themselves.
CASE STUDY
Blend is one example of a company with which
mortgage originators are partnering to deploy a
new digital borrower experience
Blend's digital mortgage suite offers lenders a branded
online experience, deployable in a relatively short time
and integrated into the lender's existing technology
stack. The consumer-facing experience captures
borrower data in the application process through
advanced design, facilitating connectivity to borrower
financial accounts, and providing data and documents
that are critical for verifying income, assets, and
employment.
The lender-side platform allows loan officers and
processors to manage their loan pipeline and advance
each borrower’s journey. Embedded machine learning
creates efficient downstream workflows for generating
follow-ups and document requests, such as letters of
explanation.
At present, Blend has more than 120 signed customers.
One hundred of these customers have completed
implementation, while the remaining companies are in
the process of doing so. In total, the platform processes
more than 100,000 applications per month and $1
billion in loans every day.
Blend’s implementation philosophy and process
Blend’s professional services team assists newly signed
customers with implementation over a period of three
to four months on average, in four key phases:
planning, rollout, scaling, and ongoing support.
In the planning phase, Blend assesses the loan
production landscape of the client organization from a
9. US mortgage industry white paper P a g e | 9
Boston Consulting Group January 2019
technical and business process perspective,
determining the means of best installing a core set of
Blend features relevant to the needs of that particular
business.
During the rollout phase, Blend works with client
business leaders to provide the initial scope of
functionality and to carry out a meaningful pilot to test
that functionality in the hands of a select group of loan
officers.
Taking lessons learned from the rollout phase, an agile
approach is used to optimize deployment before
scaling Blend to the broader enterprise. Through
targeted communications and training, Blend advises
new customers on best practices for achieving high
adoption rates and maximizing value, while mitigating
disruption from change.
Finally, and on an ongoing basis, Blend works with its
clients’ to define and execute a long-term functionality
roadmap that extends the value of the partnership by
adapting to a changing mortgage landscape.
Blend’s impact on lenders of different types and
sizes
Implementing point-of-sale (POS) solutions focused on
user experience like Blend, with guided and intuitive
step-by-step forms, has several benefits. In fact, various
Blend customers have reported increases of up to 20%
in application completion rates, increased loan officer
productivity of up to 10%, average reductions in
turnaround time of up to 10 days, and NPS scores
higher than 60.
Increased loan officer productivity
A large nationwide non-bank lender generating an
average of 5,000 loans per month, with approximately
1,200 retail loan officers, purchased Blend’s suite
because it wanted to provide an improved borrower
experience while boosting its loan team’s productivity.
After a year with Blend, loan officers who used Blend
consistently closed 10% more loans on average than
those loan officers who didn’t.
Enhanced borrower experience
A medium-sized non-bank lender successfully
implemented Blend in less than two months with its 50
loan officers. The very first funded loan closed in just
13 days, with the average Blend loan closing 8 days
faster than the lender’s original application-to-close
time. With Blend, the bank’s teams have been able to
meet closing dates 92% of the time for their 450+ loans
per month, while 94% of their borrowers rate the
application experience as one they would use again.
Increased loan quality for faster decision making
After just five months with Blend, a medium-sized
mortgage company closing an average of 500 loans per
month took two days off the average loan cycle and
boosted its application completion rate by 13%, from
71% to 84%. Moreover, because loan teams are working
with more complete loan applications from the time
borrowers press the “submit” button, first-time
underwriter approval jumped from 87.9% to 90.3%.
Source: Blend
PART III: CONCLUSION
What’s next in the home-buying process?
The industry is still in the early stages of reimagining the digital customer journey for purchasing a mortgage,
and up to this point has largely focused on improving the application process. Over the next few years, we will
see many more digital transformations across the mortgage process and the home-buying experience more
broadly. This will not only be instigated by originators, but also by emerging players in the real estate space,
such as listing sites (e.g., HomeFinder) and iBuyers (e.g., Opendoor), that are trying to create end-to-end
home-buying experiences for customers. For example, we could see:
Automated integrations with additional data sources, such as with real estate agent transaction
management platforms, title and escrow software, and necessary insurance, which would make
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Boston Consulting Group January 2019
obtaining a loan a great deal easier. Borrowers would merely enter a name and social security number
on their phone and be approved in minutes.
Greater integration across home-buying, loan buying, and home ownership processes –
imagine near-simultaneous acceptance of a customer’s bid on a home and loan approval, or move
assistance upon closing that helps borrowers prepare for the move by changing their address and
selling their existing home.
Digital servicing, as white-label solutions currently being developed and implemented allow
consumers to make payments, track history, understand financial impact of home improvement to
their home’s value, and perform self-service functions.
Suffice to say the home-buying process will look very different from its current form. And as the mortgage
process becomes more digitized and efficient, personnel will be able to allocate more time to building
relationships and coaching buyers throughout, and less time on administrative tasks, further improving the
customer experience.
Key takeaways:
Rising interest rates and a shrinking market threaten lender revenue and margins, but also present an
opportunity to capture market share in a purchase market where differentiation and customer
experience becomes paramount.
Originators of all sizes are increasingly turning to digital solutions as they look to improve the
customer experience and meet customer expectations throughout the home-buying journey.
Digital solutions have bottom line benefits: they can increase the number of high-quality leads, shorten
application turnaround times, increase pull-through rates, raise the productivity of loan officers, and
boost fulfillment efficiency.
However, implementation of digital solutions alone will not lead to the desired results. It is just as
important to reset the operating model and get buy-in from employees for new ways of working.
How lenders can get started with digital solutions
There are five concrete steps mortgage originators can take to implement digital solutions:
1. Decide where to start: in your direct-to-consumer and/or retail loan officer channel, and define specific
areas where you want to create a unique value proposition, and where you just want to keep pace.
2. Re-evaluate the end-to-end customer journey for purchasing a home and a loan and identify where
digital solutions can improve the customer experience, raise productivity, or boost efficiency.
3. Determine when to build experiences and technologies internally, and when it is necessary to create a
“best of breed” ecosystem with external partners.
4. Work backwards to a minimal viable experience that can be launched in as little as 3 months and fully
realized within 6-12 months.
5. Prioritize going live quickly and iterating vs. attempting to build the perfect solution on day one.
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Boston Consulting Group January 2019
About the authors:
Micah Jindal is a Partner and Managing Director in the Los Angeles office of Boston Consulting Group and
head of the North American Mortgage Practice. You may contact him at jindal.micah@bcg.com.
Billy Hart is a Project Leader in the Los Angeles office of Boston Consulting Group. You may contact him at
hart.billy@bcg.com.
Nate Levin is a Senior Venture Architect in the Manhattan Beach office of BCG Digital Ventures. You may
contact him at nate.levin@bcgdv.com.
Special thanks to Blend for providing access to data and for contributions used in the case study, and to Juan
Uribe and Yogesh Mishra from BCG for their contributions from specific case work.
i
Federal Reserve Bank; IMF
ii
Revenue is a sum of Mortgage Banking Income from 7 banks in the top 25 originators (Wells Fargo, Bank of
America, US Bancorp, BB&T, Fifth Third, Huntington Bancshares, Regions Financial) and Total Revenue for 4 non-
bank originators (Flagstar, Hilltop, Impac Mortgage, Provident); sample and time period selected for data
completeness; data includes servicing revenue; Source: SNL, S&P Capital IQ; BCG analysis
iii
Inside Mortgage Finance, 2018; data set incomplete for the entire bank and non-bank set for 2003-2006 period,
and in that period includes only Wells Fargo, Bank of America, US Bancorp, and Flagstar
iv
Quarterly revenue is a sum of Mortgage Banking Income from 6 banks in the top 25 originators (Wells Fargo, US
Bancorp, BB&T, Fifth Third, Huntington Bancshares, Regions Financial) and Total Revenue for 2 non-bank
originators (Flagstar, Hilltop); sample and time period selected for data completeness; data includes servicing
revenue; Source: SNL, Inside Mortgage Finance, S&P Capital IQ; BCG analysis
v
Loan production revenue includes origination fees, net secondary marketing income, net warehousing income,
and other origination-related revenue. Fully-loaded loan production expense includes personnel expenses,
occupancy and equipment and miscellaneous expenses for sales, fulfillment and post-closing activity. Also
includes corporate allocations. Source: MBA; BCG analysis
vi
Mortgage Bankers Performance Report Q3 2017, Mortgage Bankers Association
vii
Quicken Loans Press Release, May 2, 2018.
viii
BCG general market survey conducted March-April 2018, including 805 prospective and recent borrowers
ix
A Dimensional Research survey conducted in August 2018 of lending professionals and IT experts
x
BCG general market survey conducted March-April 2018, including 303 recent borrowers
xi
Blend Analysis
xii
BCG US Mortgage Performance Report, Q2 2018
xiii
BCG Analysis