Insights on Financial Services
Report
Global payments in 2024: Simpler interfaces, complex reality
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Global payments are becoming simpler for users, but complexity keeps growing behind the scenes. This year’s report explores this paradox and the options for providers.
Report
Global Banking Annual Review 2024: Attaining escape velocity
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In coming years, the “management quotient” will spell the difference between industry leaders and laggards.
Collection
Global Insurance Report 2023
The insurance protection gap looms over both P&C and life insurance.
Blog Post
State of consumer digital payments in 2024
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Increased digital adoption and evolving channel preferences indicate a need for payment providers to seek ways to engage consumers earlier in the shopping journey.
Article
Unlocking value from technology in banking: An investor lens
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Investors, boards, and management teams are looking for banks to demonstrate differential value from technology. Our research provides a framework to link technology investments to value creation.
Article
Investing in insurance: The value imperative
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Private investment in insurance is rising as deal volumes and value for the global private equity industry contract. For the bet to pay off, we suggest three ways of generating operational value.
Report
The state of retail banking: Profitability and growth in the era of digital and AI
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As the global macroeconomic environment remains uncertain, retail banks should focus on the fundamentals of customer primacy and margin protection while embracing digital technologies and gen AI.
Article
The next era of private credit
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A new private credit ecosystem is emerging across asset managers, banks, and insurers. Here’s what it means for the industry.
Report
Beyond the balance sheet: North American asset management 2024
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Even with markets in ascent, asset managers’ revenues have flatlined. But the evolution of balance sheets among banks, insurers, and high-net-worth individuals could unlock the next wave of growth.
Article
Asia–Pacific’s family office boom: Opportunity knocks
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Banks, insurers, multi-family offices, and WealthTechs can serve the many family offices in Hong Kong and Singapore by using a framework focused on solutions, service, scalability, and security.
Blog Post
How insurers can serve Asia’s aging population
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Insurers can help address the continent’s retirement savings shortfalls by offering innovative financial products and educating consumers about how they work.
Talking Banking Matters
Leaders in Payments is an original podcast series from McKinsey’s Global Banking Practice, featuring conversations with...
Banking & Securities matters
Short takes on critical topics for leaders in banking, securities and beyond.
McKinsey on Insurance
McKinsey Insurance leaders and other experts help you navigate the challenges of a fast-changing insurance landscape and inspire...
Insurance blog
Short takes on vital topics for insurance leaders.
Featured publications
Article
Scaling gen AI in banking: Choosing the best operating model
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Generative AI is transforming financial services, offering opportunities for efficiency and innovation. As banks race to deploy...
Article
Capturing the full value of generative AI in banking
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Setting up generative AI pilots is easy; scaling them to capture material value is hard. A recipe for success is emerging.
Article
Been there, doing that: How corporate and investment banks are tackling gen AI
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Wholesale banks have vast expertise in traditional AI. It’s a sound investment that is paying off again as generative AI...