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Global Corporate Banking 2018
Report

Global Corporate Banking 2018

Unlocking Success Through Digital

Carsten Baumgärtner, Pieter Van den Berg, Gennaro Casale, Oliver Dany, Ruchin Goyal, Anna Haug, Sukand Ramachandran and Jürgen Schwarz
Boston Consulting Group, 2018
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Editorial Rating

8

Qualities

  • Analytical
  • Overview
  • For Experts

Recommendation

Digital innovation and fintech continue creating waves in retail banking, but now transformative change is hitting corporate banking as well. In a global survey conducted by experts at the Boston Consulting Group, a majority of the financial executives polled anticipate the emergence of a whole new competitive marketplace and the need to overhaul business fundamentals. Yet managers actively developing a strategy for their firms’ digital future are in the minority. In this insightful and accessible overview for technology and corporate banking leaders, the authors provide a logical framework for planning that critical transition.

Take-Aways

  • A worldwide survey of corporate bankers reveals that 86% believe substantial changes in their business are imperative, as digital technologies disrupt their sector. But only 43% have formalized plans for a digital transition.
  • Innovations in corporate banking arising through fintech platforms include blockchain, artificial intelligence, big data and robotics. 
  • Asian institutions are further along in this space, due to digitally savvy but financially underserved customers. 

About the Authors

Carsten Baumgärtner et al. are professionals with the Boston Consulting Group.

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