Successful Independent Consulting

JANUARY 28, 2025

Realistically, it can take months for the money you earn to reach your bank account. On-Demand by RGP : Specializes in operational and implementation support; projects tend to be longer-term roles focusing on functional expertise like accounting, finance, HR, IT, and supply chain.

Cash Flow 195

Cash Flow Consulting Intellectual Property Resumes 195

Tom Spencer

AUGUST 2, 2024

When it comes to tech innovations, the banking sector is usually ahead of the curve. Banks are buzzing with excitement over Gen AI, and its future in the sector looks even brighter. Banks are buzzing with excitement over Gen AI, and its future in the sector looks even brighter.

Banking 88

Banking Data Trends Analysis 88

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

Tom Spencer

MARCH 28, 2025

And its transforming how businesses operate. From summarizing lengthy documents to drafting emails and generating reports, LLMs can reduce operating costs by streamlining workflows and reducing manual effort. According to Accenture , more than 50% of work in the banking sector has a high potential for automation.

Productivity 88

Productivity McKinsey Data Training 88

Harvard Business

MARCH 8, 2017

There were many “pre-internet” players, for example telecom operators and cable companies trying to provide interactive multimedia over their networks, but none could generate enough traction to create names that you would remember. We may be seeing a similar trend for blockchain technology.

Media 189

Media Banking Financial System 189

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. This helps banks to quickly identify profitable investment opportunities and risks so as to maximise investment returns and minimize losses.

Banking 78

Banking Financial Operations Data 78

Tom Spencer

OCTOBER 13, 2023

In the previous article , we looked at how banks make money and how they must meet capital requirements. In this article, we will explore the importance of profitability ratios and valuation metrics that are crucial when analyzing banks. It provides insights into how effectively a bank utilizes shareholder capital to generate profits.

Metrics 88

Metrics Banking Balance Sheet Efficiency 88

Markovitz Consulting

APRIL 7, 2020

when the lean operating system she helped install enabled the staff at the Starbucks stores around Newtown, CT manage the chaos and trauma around the Newtown massacre. So, an initiative that was intended to create a consistent experience for the customer was actually creating slightly different operations in every store.

Operations 56

Operations Enterprise Banking Video 56

Harvard Business

NOVEMBER 22, 2016

Smart, always-connected devices and anytime/anywhere interactions are now givens, particularly among millennials, who expect such conveniences in banking and financial services. Mapping this group to its customer base, the bank can make targeted offers to customers who could be in the home or auto market in the next 30 to 90 days.

Banking 114

Banking Data Financial Media 114

Tom Spencer

FEBRUARY 11, 2022

Learning how consulting firms operate can help you better understand what you would do as an analyst. He was a Product Management Intern at PNC Bank and is an incoming Innovation Development Summer Analyst at JPMorgan Chase. How do Consulting Firms Work? Imagine you are a CEO of a Fortune 500 business in the technology industry.

Operations 88

Operations Consulting Boston Consulting Group Industry 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

Harvard Business

JULY 28, 2016

Across Africa, banking is being redesigned. Technology has emerged as a competitive weapon in driving operational excellence and superior service quality. While the banks compete among themselves, they face existential threats from amalgam of entities, not necessarily possessing bank licenses.

Banking 70

Banking Industry Telecommunications Productivity 70

Harvard Business

OCTOBER 10, 2018

The consumer banking industry is notoriously difficult to enter, not least because most customers rarely switch banks. In some countries, people change spouses more often than they change banks. It has now become the largest bank in the country. These areas were underserved by the traditional banks.

Banking 70

Banking Industry Insurance Insurance 70

Management Consulted

JULY 22, 2013

From the variety of work and access to C-level executives to the wide array of exit opportunities, strategy operations consulting far surpassed financial advisory consulting as our recommended career to pursue. Find it here: 5 reasons to choose strategy operations over financial advisory consulting. Missed part one? Well…sure.

Financial 194

Financial Consulting Strategy Strategy 194

Harvard Business

SEPTEMBER 19, 2018

As banks rush to digitize their operations , many have found that closing their local branches can help maintain a high return on an otherwise pricy transformation. European banks, for example, closed over 9,000 branches in 2016, which represents a 4.6% In the United States, the total number of bank branches has dropped by 8.2%

Banking 70

Banking Research Finance Study 70

Consulting Matters

SEPTEMBER 30, 2020

I asked my partner Jen Hamilton - our community Chief Operating Officer to be my guest today and share all the deets on the what you'll need and how much it all costs so that you can plan in advance for both the startup and ongoing costs. It matches the bank account. Then you're going to LOVE this week's tutorial video. Next Steps: 1.

Consulting 296

Consulting How To Insurance Insurance 296

Harvard Business

OCTOBER 24, 2016

Large investors rely on an assortment of intermediaries to help them with their investment activities, including asset managers, such as hedge funds, investment banks, and consultants. As a result of this deepening disruption, the ways in which companies are valued and capital gets allocated could change forever.

Operations 70

Operations Finance Media Financial 70

Harvard Business

MAY 16, 2016

The current mantra is “Move fast with stable infrastructure”, which speaks to the organizational design challenge of operating at scale in a fickle and volatile world. ” It further revealed a complex and siloed organization, with competing operating assumptions, values, and practices across the group.

Banking 132

Banking Film Strategy Strategy& 132

Management Consulted

APRIL 2, 2017

McKinsey is still well-networked in the region, and doing substantial work in sectors including: banking, industrials, telecoms, energy, real estate, construction, health care, and diversified conglomerates. If you have an MBA and are interested in actuarial work, EY’s Middle East operation is a great place to get your foot in the door.

Oliver Wyman 160

Oliver Wyman Consulting Deloitte Real Estate 160

Tom Spencer

OCTOBER 17, 2020

Digital currency may also help to lower transaction costs, and make it easier for central banks to intervene in the economy. While it is not explicitly used in the monetary system, it is widely held by central banks, and is easily convertible into cash. Central banks will have the ability to print too much of them.

Banking 142

Banking Government Policies Financial 142

Harvard Business

SEPTEMBER 14, 2018

Ever since the forced bankruptcy of the investment bank Lehman Brothers triggered the financial crisis 10 years ago, regulators, risk managers, and central bankers around the globe have focused on shoring up banks’ ability to withstand financial shocks. Peter Dazeley/Getty Images.

Financial 130

Financial Banking System Resumes 130

Harvard Business

OCTOBER 6, 2016

The bank has since fired 5,300 employees for the illegal behavior and eliminated retail bank sales goals entirely. As a result of this fraud, the bank is now being investigated by Federal prosecutors and Congressional overseers. Even now, Stumpf adamantly refuses to hear criticism of the bank’s culture.

Leadership 127

Leadership Banking Ethics Culture 127

Strategic Planning and Management Insights

MARCH 29, 2023

There are so many things to consider: The field your company operates in, and how quickly it changes, affects the complexity, length, and scope of your strategic plan. As a business leader, you know that creating and implementing an effective strategic plan can be overwhelming.

Banking 98

Banking Strategy Strategy Strategy& 98

Harvard Business

NOVEMBER 16, 2023

banks) and away from suppliers — unsecured creditors who are not viewed as a primary provider of corporate debt. After a company petitions for bankruptcy, its attention often shifts toward debt providers (e.g., New research cautions against such shift in attention.

Research 181

Research Company Banking Operations 181

Harvard Business

AUGUST 25, 2021

Insights from a two-year study at one of Europe’s leading banks.

How To 163

How To Banking Study Operations 163

Harvard Business

AUGUST 29, 2018

” (IAG is the parent company of a general insurance group with operations in Australia, New Zealand, Thailand, Vietnam and Indonesia.). The pattern has again been discovered at several expensive Australian restaurants operated by high-profile and well-off chefs. They’ve been caught short-changing their employees.

Banking 118

Banking Financial Operations Culture 118

Consulting Matters

JANUARY 29, 2020

In the past you operated in a compensation model where you do work and then get paid. Now you're operating in a return on investment model where you invest your money, time and talents in your business with the expectation of a return. When I started my business, I was a single mom with only $200 in the bank.

Consulting 177

Consulting How To Talent Training 177

Harvard Business

DECEMBER 17, 2018

Questions like this involving issues like politics, human rights, or equality often present themselves sooner or later for any business operating in global markets. First, consider short-term profits and sanctions, and the cautionary tale of French bank BNP Paribas. The compass that was guiding the bank was a financial one.

Government 132

Government Financial Banking Operations 132

Harvard Business

OCTOBER 9, 2017

Subordinates can change the power dynamics by engaging in two types of power-balancing operations. We examined abusive supervision and the influence of these power-balancing operations in two field studies. They can decrease their dependence on the supervisor or increase the supervisor’s dependence on them.

Research 175

Research Real Estate Study Resources 175

Harvard Business

APRIL 23, 2018

For example, when Jungkiu Choi moved from Singapore to China to start his gig as head of Consumer Banking at Standard Chartered, he learned that one of the cultural expectations of his new job was to visit the branches and put pressure on branch managers to cut costs. Branch staff would spend weeks anxiously preparing for the visit.

Leadership 163

Leadership PricewaterhouseCoopers Banking Examples 163

Harvard Business

MARCH 22, 2018

My perspective and approach to misconduct risk are influenced by my work as a bank supervisor, and by my background and training as an economist. In my view, bank supervision must include attention to the culture at financial firms, not just to their financial safety and soundness.

Culture 133

Culture Company Financial Banking 133

Harvard Business

JUNE 14, 2017

And yet front-line employees are still often left operating with data that’s “too little, too late.” Another example comes from Royal Bank of Scotland (RBS). The company went through a transformation focusing on becoming a more trusted advisor to the customer than a typical bank would be.

Data 125

Data Banking Sales Accenture 125

Harvard Business

JUNE 22, 2016

They include new enterprises such as Orbian , Prime Revenue , C2FO , Taulia , and Ariba as well as new operations launched by traditional financial service firms such as Citi Group, HSBC, BNP Paribas, and Deutsche Bank. Operations in a Connected World. the supplier gets $9,959 of the $10,000). Insight Center.

Transportation 129

Transportation Finance Financial Banking 129

Harvard Business

AUGUST 29, 2016

But our interviews with board members and CEOs in the banking industry—and decades of research on experts and teams—point to three factors that can compromise the effectiveness of expert-dominated boards, at least in some circumstances. Common sense might suggest that the more experts, the better.

Telecommunications 125

Telecommunications Banking Industry Research 125

Asamby Consulting

JANUARY 13, 2022

Why you need a COO or Operations Manager. Either their operations have grown quite a bit or they are in the midst of growing. Many founders and CEOs ask us this question: Do I need an operations manager? But there are a few questions: Why is it necessary to hire an operations person? We answer with a resounding yes.

Operations 52

Operations Management Methodologies Report 52

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. Operating Margins. Image: Pexels.

Industry 113

Industry Real Estate Management Retail 113

Harvard Business

DECEMBER 20, 2018

These are major changes that will affect every aspect of how the firm operates — from the services it offers to the structure of her organization. A large European retail bank modeled this well during an organizational overhaul. Involve Individuals at All Levels. A transformation won’t succeed without broad involvement.

Interviews 133

Interviews Banking Retail Survey 133