Tom Spencer

AUGUST 30, 2024

While Gen AI holds big promise for banking , most of the current deployments are limited to just a few areas or don’t go beyond the experimental phase. Though early pilots appear impressive, it will definitely take time to realize Gen AI’s full potential for the banking industry. Five Challenges for AI in the Banking Sector 1.

Banking 88

Banking Ethics System Data 88

Management Consulted

JUNE 10, 2009

What’s the best technique to make contacts with these people in different divisions and how do you go about networking from one group within a bank to a different group?”. Finance-Specific Networking. What do you think about non-finance work graduate school, then transitioning through an MBA? What about PhD to MBA to finance?”.

Finance 171

Finance Recruiting Recruitment Resumes 171

Consulting Matters

JANUARY 5, 2021

You may think you need a lot of money in the bank and a "rolodex" of potential clients and referrals. Guides : Specialized support that can help you specific things you need such as finances, web development, legal issues, social media marketing, etc. Allies: People who are seeking the same type of success you are.

Consulting 294

Consulting Case Study Case Studies Finance 294

BCG

JULY 5, 2016

For all the angst over the disruptive impact of financial technology providers, the smart money in corporate banking sees fintechs as strategic allies, not enemies. Over the past decade, the fintech market has become a hotbed of customer-centric banking innovation.

Banking 75

Banking Small Business Finance Operations 75

Tom Spencer

MAY 8, 2016

This post provides you with a high level comparison of management consulting and investment banking. Investment banks help companies raise money for various purposes including investment, acquisitions, and provision of working capital. Traders buy and sell securities with the bank’s money with the aim of making money for the bank.

Banking 60

Banking Consulting Comparison Finance 60

Tom Spencer

AUGUST 16, 2024

Despite many current applications being small-scale pilot projects, the promise of Gen AI to revolutionise banking operations and enhance customer experiences is becoming clear. The AI model aims to help financial advisors quickly find and synthesize answers to investing and finance queries and offer highly personalized insights on the spot.

Banking 78

Banking Financial Operations Data 78

Harvard Business

DECEMBER 18, 2023

But right now, there are three forces converging that might transform finance and other industries. The second is a massive migration of tech talent from big finance to big tech. The third is an increased appetite by big tech companies to enter industries like big finance. The first is the explosive growth of AI.

Banking 97

Banking Finance Talent Industry 97

Tom Spencer

AUGUST 2, 2024

Financial Institutions: Banks and other financial institutions must ensure they have the necessary infrastructure to comply with CFPB 1033. Image: Unsplash The post Data Liberation: Impact of CFPB 1033 on the Finance Industry first appeared on Tom Spencer. It also promotes competition and innovation within the financial industry.

Finance 88

Finance Data Industry Financial 88

Tom Spencer

JUNE 30, 2023

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. Distribution Channels The wealth management landscape consists of a range of distribution channels, ranging from high touch (i.e.,

Banking 78

Banking Management Real Estate Insurance 78

Steve Shu Consulting

JULY 1, 2018

Lloyds Banking Group: Behavioural Economics Specialist – Digital Banking. Voya: Behavioral Finance | Voya For Professionals. Lemonade: Lemonade Renters & Home Insurance | Protect The Stuff You Love. Mercer: Personalised Pension Videos. Microsoft: Microeconomics – Microsoft Research. NEST: [link].

Examples 150

Examples Boston Consulting Group Mercer Company 150

MishTalk

AUGUST 13, 2014

Chinese Credit Just Collapsed and shadow banking with it. Shadow Banking Aggregate social financing was 273 bn yuan versus 1500.0 bn expected and prior was 1970 bn implying that shadow banking credit contracted 112 bn in the month. trillion yuan from the previous month, the central bank said today. bn versus 780.0

Banking 61

Banking Finance Journal Report 61

Management Consulted

JULY 22, 2013

In compliance work, or on finance-focused projects, the broad-sweeping projections of strategy consulting don’t cut it. As mentioned in our previous post, financial consulting is a much better choice than a narrowly-defined role in internal finance (especially at a no-name corporation). 2013 Management Consulting Salaries.

Financial 194

Financial Consulting Strategy Strategy 194

Management Consulted

FEBRUARY 4, 2009

The advice applies equally to industries like investment banking. There simply isn’t a consulting firms database comparable to what exists in investment banking. Explore alternatives such as grad school, finance, and entrepreneurship. In this post, I’ll highlight the key steps to take when this happens.

Resumes 147

Resumes Consulting Case Interview Interviews 147

Harvard Business

MARCH 24, 2023

It became a fixture among startups because it understood their needs better than other banks.

Banking 76

Banking Finance Financial 76

Tom Spencer

NOVEMBER 5, 2016

When news broke in late October that some of London’s largest banks were investing in Bitcoin , cryptocurrencies in general got another boost. Beyond hoarding digital currency as a defensive move in the age of DDOS bank robbers, banks are beginning to think about ways that bitcoin could be used within the banking industry globally.

Banking 60

Banking Report Industry Finance 60

Tom Spencer

SEPTEMBER 15, 2012

At the time of its bankruptcy, Lehman Brothers was the fourth largest investment bank in the world. Lehman Brothers and other investment banks went down in part due to the huge amounts of money they lost in the sub-prime mortgage crisis. TODAY is the four year anniversary of the collapse of Lehman Brothers.

Consulting 147

Consulting Case Interview Banking Financial 147

Management Consulted

OCTOBER 3, 2012

The prize for best answer was a FREE Consulting Case Bank and The Consulting Bible 3rd edition – a HUGE giveaway – so we weren’t surprised when we heard from so many of you. When I started out in the program, I quickly realized I was never cut out for finance or accounting. This left me with few options.

Consulting 204

Consulting Case Interview Interviews Engineering 204

Harvard Business

AUGUST 6, 2024

Stablecoins — cryptocurrencies pegged to an external currency — have the potential to rewire the global financial system, and expose banking and finance to new digital competition. The outcome will be consequential not only for financial institutions but for any company and digital platform that relies on money movement at scale.

Finance 87

Finance Banking Financial Video 87

Harvard Business

JUNE 2, 2021

Transparency and trust are at the core of the decentralized finance revolution.

Finance 36

Finance Banking 36

Tom Spencer

OCTOBER 16, 2021

Knowing the ins and outs of upcoming trends in finance is indispensable for any aspiring consultant. A prime example for such a question is how finance is adapting to the issue of climate change, and might assist its mitigation. Green Finance. Final thoughts.

Financial 88

Financial Insurance Insurance Finance 88

MishTalk

DECEMBER 22, 2014

Chinese banks have experienced an outflow of deposits for the quarter for first time since 1999. To compete for funds, Chinese banks offer anything from fresh vegetables for small deposits to a Mercedes A180 for deposits big enough and long enough. The effective yield on the Mercedes is approximately seven percent!

Banking 55

Banking Benchmarking Finance Policies 55

Tom Spencer

APRIL 6, 2014

CENTRAL banks continue to finance government spending by easing monetary policy in order to help economies get back to “potential output” (It remains unclear whether Grand High Priest Bernanke slaughters a lamb before proclaiming what the level of “potential output” should be for the US economy.

Banking 88

Banking Policies Government Finance 88

Successful Independent Consulting

MARCH 4, 2017

Tip: Every time a client pays you, siphon off 40% into a separate bank account. I also recommend, “ The Best Retirement Plans for the Self-Employed ” by Kerry Hannon , a nationally recognized expert on career transitions, personal finance, and retirement. Most HSA’s charge a management fee, similar to bank fees.

Insurance 207

Insurance Insurance Banking Small Business 207

Consulting Matters

JANUARY 29, 2020

When I started my business, I was a single mom with only $200 in the bank. I had just come through a divorce the decimated my finances. I was quite tempted to just do that because again I had $200 in the bank, was a single mother, yada yada yada. However, my grandmother had recently died and left me a little money.

Consulting 177

Consulting How To Talent Training 177

Management Consulted

JANUARY 29, 2017

4) Get a job in finance, but not personal finance (financial advisory consulting or in an internal finance department of a company). Switching to consulting is easier because tech industry experts are in high demand right now. 3) Network into a boutique consulting firm. Often, they are more willing to hire off-cycle.

Consulting 100

Consulting Finance Resumes Healthcare 100

Harvard Business

DECEMBER 10, 2018

It is no wonder we came to fear our gender would keep us from achieving the same level of success as our male peers in finance. We turned to those most able to effect change in finance: the professionals actively working in the field. Consider investment banking. finance professionals we studied reported lower numbers.

Finance 42

Finance Banking Interviews Survey 42

MishTalk

DECEMBER 26, 2014

Next year will be a very important year for China because possible strains in the banking system and the intensity with which the reformers present their case will give us a better sense both of how much debt capacity the country retains and of how well positioned Xi Jinping and his allies are to implement the needed reforms.

Banking 54

Banking System Benchmarking Finance 54

Tom Spencer

JANUARY 19, 2024

The Fed influences the world economy Professors in banking and finance often use the metaphor of the economy as a plane and the Fed as the pilot. The federal funds rate determines the cost of interbank borrowing in the overnight money market, which influences the interest rates that banks charge on consumer and business loans.

Banking 88

Banking Policies Government Tools 88

Management Consulted

MAY 21, 2009

“How about for people who do not know consultants or even finance people? consulting jobs how to network networking for beginners networking into banking networking into consulting' Find common ground that you can talk about. Here are the topics and questions we cover: Finding Names and Contact Info.

How To 158

How To Recruiting Recruitment Resumes 158

BCG

SEPTEMBER 20, 2016

The bank’s stated purpose: “Empowering people to stay a step ahead in life and in business.” To this end, ING aims to simplify the banking experience, making its services fast, easy, and accessible. He designed and is now spearheading his “Think Forward” strategy, intended to make ING the leading digital bank.

Banking 40

Banking Boston Consulting Group Industry Retail 40

Tom Spencer

AUGUST 17, 2013

Countries whose finances are in such a state of disarray that they were not only unable be repay their original debts but will almost certainly be unable to repay the subsequent bail out money. In the case of Greece, the money has come from the EU , the European Central Bank and the IMF , which is all well and good.

Banking 89

Banking Government Finance Consulting 89

Tom Spencer

NOVEMBER 22, 2015

There are many new innovations that allow companies to finance purchases creatively in order to meet their goals over the long term. While the interest rates are usually higher than a regular bank loan, the collateral requirements are almost nothing. Online Banking. Finance Tools. Peer Lending. Online Advice.

Financial 60

Financial Finance Banking Tools 60

MishTalk

OCTOBER 27, 2014

Central Banks and the Business Cycle I like it when someone besides a few financial bloggers takes the gloves off and starts asking some hard-hitting questions. Simply put, the central banks for all their huffing and puffing cannot eliminate the business cycle. Only those who believe in voodoo can get a job at a central bank.

Banking 56

Banking Policies Financial Marketing 56

BCG

SEPTEMBER 25, 2016

Although B2B does not grab as many headlines as C2B, significant pain points still exist for banks’ corporate customers, and the opportunity to solve problems and deliver value is sizable. Indeed, banks that act decisively are in a prime position to be a core partner in corporate treasurers’ digital transformations.

Banking 40

Banking B2B Enterprise Finance 40

Tom Spencer

MAY 18, 2019

Due to the steady nature of the business (taking a percentage of assets under management each year is a pretty sweet deal), asset managers have a business valued more like a basic corporate than other financial institutions such as banks and insurers. Image: Pexels.

Industry 113

Industry Real Estate Management Retail 113

Harvard Business

JULY 23, 2024

commercial banks being overexposed to commercial real estate (CRE) have intensified as the global pandemic upended long-held economic assumptions of perpetually subdued inflation, low interest rates, and in-office work. The risks of U.S.

Real Estate 93

Real Estate Banking Conference Analysis 93

Harvard Business

APRIL 26, 2017

It’s been more than 25 years since Bill Gates dismissed retail banks as “dinosaurs,” but the statement may be as true today as it was then. Banking for small and medium-sized enterprises (SMEs) has been astonishingly unaffected by the rise of the Internet.

Banking 44

Banking Small Business Oliver Wyman Retail 44