Swiss private banks have been on the defensive for a decade. We think the time has come to go on offense through commercially-driven transformation. By focusing on their strengths, and partnering for their non-core activities, Swiss private banks have a real opportunity to maximize value and grow again.
The FinTech revolution offers private banks the unprecedented opportunity to benefit from digital technologies, innovate and transform their business. Banks taking up the challenge of collaboration – with FinTechs as well as other strategic partners – stand a good chance of finding the way forward.
The procurement function is under intense pressure to transform. Consequently there is a discussion about whether it will exist at all in 20 years, or if its tasks will be performed by algorithms and networked machines. If procurement is to survive, it must be reinvented – future-proofed. Is procurement destined to be the center of power or ruled by machines?