Only 30% of the largest divestitures have created value and nearly 40% of deals destroyed value

Weekly research highlights 2 October 2020

The “Personalized Banking – A guide to delivering moments-based customer experience” report by D4T4 Solutions presents how banks can successfully meet customers needs by redesigning their services from the user up. By focusing on personalized experiences, real-time data and targeted content becomes a game changer. Read more

According to a late report from McKinsey & Co, the US consumer banking industry is undergoing strategic changes. Due to a high demand from the client side for banks to innovate, offer simple and quick solutions, smooth processes, the need for development is imminent. The new initiatives will focus on three critical areas: physical distribution, remote advice, and the digitization of sales and service. Read more

In a new paper by the Office of the Superintendent of Financial Institutions Canada, “Developing Financial Sector Resilience in a Digital World: Selected Themes in Technology and Related Risks”, a new mandate is presented in order to protect depositors, policyholders, creditors and pension plan beneficiaries. The plan is focused on developing a new regulatory framework in order to reduce risk, assess the safety of pension plans and also procedures on how to intervene when corrective actions are needed. Read more

The “Fintech Credit Risk Assessment for SMEs: Evidence from China” report by Yiping Huang, Longmei Zhang, Zhenhua Li, Han Qiu, Tao Sun and Xue Wang presents an overview of recent fintech innovations which could decrease the high information costs of credit services promotions to SMEs. As such, big data or digital footprints can be leveraged by Big Techs to extend short-term loans to millions of small firms. This research presents a comparison analysis between the fintech approach to assessing credit risk using big data and machine learning models with the bank approach using traditional financial data and scorecard models. Read more

A new CB Insights report, “Where Top US Banks Are Betting On Fintech”, presents an overview on the fintech areas which have received interest and investments from the top US banks. The report describes the profiles on the most active US bank investors. Moreover, the paper explores capital markets, wealth & asset management, and SMB fintech categories, which continue to attract investor interest and also highlights internal partnership and M&A strategies from leading banks. Read more

“The Global Open Banking Report 2020 – Beyond Open Banking, Into the Open Finance and Open Data Economy” by The Paypers provides an overview of the advantages of open finance for the financial services sector. As key findings, the report highlights the global evolution of Open Banking, including outstanding use cases and propositions, advice on how to build a secure and agile Open Banking ecosystem, tips on how to make Open Finance successful and also an overview of the current state of the Open Banking sector. Read more

The “Managing Climate Risk in the US Financial System” report of the Climate-Related Market Risk Subcommittee, Market Risk Advisory Committee of the U.S. Commodity Futures Trading Commission concludes the importance of economy-wide price on carbon in order for financial markets to channel resources efficiently to activities that reduce greenhouse gas emissions. Furthermore, it’s essential for all relevant federal financial regulatory agencies to incorporate climate-related risks into their frameworks. Read more

The global report by FleischmanHillard and Money20/20, “Fintech Driving Global Change: Building a Better Future”, presents an overview analysis of how Covid-19 has impacted the fintech sector and what opportunities may also arise. The findings show that the smaller start-ups have been the ones that struggled the most to receive fundings, while the unicorns and larger fintechs have been thriving and were not as exposed to the economic shock. Partnership businesses models remain the most successful solution during pandemic times. Read more

The report “Fintech 2030: The Industry View” by Tribe presents a forecast analysis on the future trends and status of fintech, which is expected to become embedded non-financial specific products and services, and consequently drive changes in market structures and business models. Read more

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