Boston Consulting Group

Banks like RCBC are moving away from standalone apps toward payroll and supply-chain partnerships.

Few products are catered for OFW families spending the money remitted, said BCG’s Lance Katigbak.

An ABF Summit keynote challenged how banks begin customer interactions.

Young consumers are changing financial norms and expectations.

Value migration and AI-driven changes pose challenges for financial institutions.

Fintech is boosting MSMEs in Vietnam.

Banks globally are at the fulcrum of a changing world and face a dramatic need to refresh and reposition to address falling valuations whilst meeting core financial and societal needs. 

They must also simplify business models and embrace their “tech” identity. 

There are now 800 family offices in the city, compared to only 100 five years ago.

The accelerating impact of climate change is growing more evident by the day, necessitating substantial shifts in financial market structures and taxonomies in order to rapidly scale climate investments and achieve low-carbon targets. 

Buy Now Pay Later (BNPL) has seen remarkable growth in recent years and is on track to achieve a global market value of US$700b by 2023. This 90% compound annual growth rate (CAGR) reflects the growing penetration of this simple transactional instrument—consumers purchasing a product now with the agreement to pay for it later.