This roadmap describes the evolution of FinTech from 1.0 to 3.0. Many startups are starting to look at a B2B pivot and partner rather than compete with the banks and large asset managers who have strong client control. We are also seeing many large FIs invest in a variety of innovation lab models (FinTech 2.0) […]
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A recent study by HSBC indicates that almost 90% of Canadians trust human advisor advice more than robo advice. This number is substantially higher in Canada than in other countries such as China and India. What I find interesting about the “human vs. robo” debate is that many people look at technology as an either/or. […]
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I recently stumbled upon the book “Simple Rules….How to Thrive in a Complex World” written in 2015 by Donald Sull and Kathleen M. Eisenhardt. Research by these authors reveals that exceptional company performance, in a wide range of industries facing both resource limitations and chaotic conditions, share a common theme: The best companies use simple […]
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Wealth Management continues to be a tremendous growth opportunity for Financial Services. In 2017, global high-net-worth investments exceeded $70 trillion with annual growth approaching 8%. Despite the opportunity that this growth might suggest, there are increasing pressures on profitability for the Wealth Management sector worldwide. The industry is undergoing significant change. We believe that there […]
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The value of advice from an advisor is under tremendous scrutiny with the new CRM2 regulations and with emerging alternatives such as robo-advisors. Many advisors and dealers are playing defense as their fees and value propositions are being questioned by many industry stakeholders. The recent “value of advice” study by Russell Investments highlights that advisors […]
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With spring marathon season in high gear, I find myself with plenty of training and thinking time. It strikes to me that the most important lessons learned in running are equally true in business, and in life. If you are a runner, these will resonate with you. If you aren’t, there is an undeniable […]
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Accenture’s most recent compliance study highlights several import findings; 89% of institutions surveyed are projecting an increase in compliance investments in the next 2 years They also state that in many cases, compliance departments have not taken advantage of the tools and technologies that can help it leverage the investments Compliance has now assumed it […]
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The mutual fund industry has suffered a lot of bad press over the last couple of years. Pressure to reduce fees, competition from alternative products such as ETFs and increased compliance are only a few factors that have dealt the industry many blows recently. Net redemptions for some funds have also suggested that the mutual […]
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The term ETL stands for Extract-Transform-Load. It may sound technical but there are valuable business applications that rely on it. ETL represents a process or set of processes to conduct a number of data management activities. Most companies around the world will use ETL services directly or indirectly through a vendor. From a high level […]
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The Sustainable Development Goals (SDGs) is a UN Initiative that was created in 2015 to be completed by 2030. There are 17 goals that have been designed to help UN members to frame their agendas and political policies (All of the goals are illustrated above, to learn more, please visit https://sustainabledevelopment.un.org/sdgs). These goals have been made […]
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