McKinsey report examines the lackluster market performance of global banks and the rise of FinTech competitors
McKinsey & Company report explores reasons for banks' slow recovery from the financial crisis, impact of new entrants, and emergence of FinTech companies. Key findings: i) variations in banks' valuations continue to be substantial, with business model and its execution as a key driver; ii) increased threat posed by Fintech firms; and iii) banks need to explore new tools and build skills in digital marketing and analytics in order to compete more effectively.
Publisher:
Others
Release date:
Oct 2017
Type:
Consultative, discussion and issues paper
Topics:
Corporate governance, Implementing change, FinTech
Sectors:
Banking, Microfinance
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