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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said.

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Corporate Banks Need Radical Tech Shift, Say Analysts

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And while partnerships, collaboration and internal product development have helped banks to improve their reputations for innovation among their corporate clients, a new report from Boston Consulting Group says it’s not enough. The analysis was drawn from a survey of 300 business banking units ranging in size. ”

Survey 109
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Tech Center: Startup Genome’s 2017 Global Startup Ecosystem Report

PYMNTS

Whether it’s San Francisco, New York City, London or Hong Kong, each of these areas have become well-known for developing and implementing innovative ideas. This report purports that technology is the game changer when it comes to bridging the gap between the startup-heavy places, like Silicon Valley and Boston, and the rest of the world.

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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

In this analysis, we explore some of the biggest cybersecurity controversies which affected FAMGA, how they’ve responded, and what they are doing now to fill in the remaining gaps. is a Boston-based startup that verifies government-issued IDs for third-party businesses. Table of contents. Confirm.io Source: The Smart Audio Report.

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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. State of Innovation Report. There were great, successful companies. Those companies made plans. ” —Walter Kiechel.

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242 Startup Failure Post-Mortems

CB Insights

But overpriced, over-hyped hardware products weren’t the only “innovations” we said goodbye to: we also recently witnessed the deaths of startups working in mobile AR, e-commerce, digital media, and more. Title: Boston startup Besomebody, once featured on ‘Shark Tank,’ shuts down app. Product: Besomebody.

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