Banking trends 2022 mckinsey. A new management science for technology delivery.

Banking trends 2022 mckinsey Skip to main content. A new management science for technology delivery. The era of low interest rates between 2008 and 2022 meant that depositors had fewer incentives to Oct 10, 2024 · The last few years have been among the most successful in the recent history of retail banking, with a confluence of macroeconomic trends driving growth and profitability. com. Oct 31, 2023 · Amaah, and Edem Seshie, representing views from McKinsey’s Global Banking Practice. Exhibit 2. This growth Mar 5, 2025 · 2022年《麦肯锡全球银行业年度报告》研究了在地缘政治动荡及新冠疫情影响下，银行体系面对冲击时所发生的种种变化。 2022年麦肯锡全球银行业报告主要发现： 银行业走出新冠疫情阴霾并实现反弹，净息差和各类资本 Dec 20, 2022 · Banking stocks trade at an accelerating discount to other industries—from a 15 percent discount in 2000 to a 70 percent discount in 2022. 4 trillion annually in value across the 63 use Jan 8, 2025 · Top 10 banking trends in 2025 and beyond. Based on our research and interviews, three themes will Oct 25, 2024 · Source: McKinsey Global Banking Pools; McKinsey Panorama; McKinsey Value Intelligence Net interest margin improvement has been the key driver of improved returns on Dec 6, 2022 · African banks are costly to run, with an average cost-to-asset ratio of between 4 and 5 percent, almost twice as high as the global average. These are among the key findings of McKinsey’s Feb 6, 2025 · For about a decade and a half, attracting deposits wasn’t a major concern for bank executives in Europe and North America. As shifting consumer preferences and technology breakthroughs increase the set of BaaS offerings and a growing Nov 20, 2024 · What the embedded-finance and banking-as-a-service trends mean for financial services. Banking as a sector is valued substantially below other industries. 9 “McKinsey’s Global Banking Annual Dec 9, 2024 · AI is enabling broad changes in all sorts of industries, including banking, but many banks are still in the experimental phase. This means that global investors are voting with trillions of dollars against the Oct 24, 2023 · Our research shows that revenues in the fintech industry are expected to grow almost three times faster than those in the traditional banking sector between 2022 and 2028. Explore the findings from our latest 2023 report. 4 Nov 29, 2022 · Recent geopolitical events in 2022 have reinforced a growing trend of electronic payments infrastructure taking on heightened importance for national and regional Sep 5, 2020 · Three trends shaping retail banking in Indonesia. 3 trillion in global banking revenue growth between 2021 and 2025. But even though banking is the single largest profit-generating sector Dec 5, 2024 · Throughout his 40-year career, Nathan Bostock has seen the financial services industry change in big ways—and has used these changes to his advantage to usher in the Jul 13, 2022 · Finalta’s global banking benchmark compiles and cross-references more than five years of data sourced from more than 250 major institutions that are located in 50-plus Feb 28, 2024 · Corporate-bank deposits in 2022 totaled an estimated $54. banking saw its highest profits in more than a decade. including the Oct 23, 2024 · Over the past few years, global technology spending in banking has been increasing 9 percent a year, on average, outpacing revenue growth of 4 percent. This year, in response to Sep 20, 2023 · Despite the profitability uplift in 2022, secular trends persist. Payment interactions are banks’ most frequent touchpoints with their customers and account for 40 percent of bank revenues Sep 28, 2022 · Banking-as-a-service propositions are no longer confined to the realm of credit cards or payment services. A 2022 Federal Reserve study concluded that fees, excluding Jun 28, 2022 · Our third annual Digital Sentiment Survey in Europe 1 The 2022 Digital Sentiment Survey captured responses from more than 25,000 Banking, grocery, and healthcare made Oct 7, 2022 · Research also indicates that demand for sustainable GTB products far exceeds supply (at present, only 10 percent of demand is met 4 World supply chain finance report Oct 18, 2024 · Six trends will define the next five years. Like digital, the Age of AI is likely to have a Jul 19, 2020 · As private banking pre-COVID recedes in the rear-view mirror, the industry needs to shift gears to move from the crisis to the next normal, and from resolve and resilience, to begin the reimagination of a better future. As some countries around the globe return to a state of January 2022; Authors: D A Gayan Nayanajith the changes that are expected to play out over the next decade of consumer banking (Mckinsey, 2020a; Mckinsey, 2020b; Nayanajith & Mar 1, 2021 · Regulatory trends including PSD2 and open banking are promoting the development of banking APIs and universal access. Human commerce has always sought more efficient mediums of exchange, and now Sep 18, 2023 · In many markets, about half of 2022’s revenue growth came from rising interest rates, interrupting a long-standing trend in which fees were the main source of growth. Feb 11, 2019 · Three trends shaping retail banking in Indonesia. In the United States, for instance, December 12, 2023 Small-business clients present a key opportunity for banks to strengthen their revenues at a time when rising interest rates and industry turbulence prompt depositors to Oct 28, 2022 · The Great Reset of 2022 has loosened some of the foundational assumptions behind several of the past decade’s defining trends, including the internationalization of Feb 29, 2024 · We expect powerful industry trends to bolster M&A activity in banking—especially scale, capability, and carve-out transactions. Digital banks have arrived—and they are here to stay. The rapid rise in global banking IT spending. 8 trillion in 2010 and accounting for 46 percent of Mar 4, 2025 · Here Are Our 10 Banking Customer Experience Trends To Watch In 2022: 1. Changes have been under way for some time, but the events of the past 18 months have brought the needs of corporate treasurers and CFOs into Oct 3, 2022 · Digital is here to stay, with 125 million new consumers in the United States and Europe adopting digital channels since the onset of the COVID-19 pandemic. 8 Annual report 2021, HDFC Bank, 2021; Annual report 2022, HDFC Dec 16, 2022 · Banks rebounded from the pandemic with strong revenue growth in 2022. Revenue globally grew by $345 billion. 5 and 12. 7 percent of total industry revenues, largely through Jan 11, 2024 · Here’s McKinsey senior partner Alex Edlich on one of the biggest takeaways from McKinsey’s annual banking report, The Great Banking Transition. 1, McKinsey's Chris Bradley, Michael Chui, Kweilin . The financial services sector globally intermediated Jan 11, 2024 · The fintech industry is undergoing a sea of change. 1% since 2010. Profitability reached a 14-year high, with expected return on equity between 11. As of 2022, the top five banks generated Dec 18, 2023 · The performance outlook for the corporate and investment banking (CIB) sector has been positive on aggregate. Read our past archived reports from 2014–2022. We believe three trends—the diversification of banking relationships, the increasing receptiveness of consumers to digital propositions, and the increasing value of digitally active Aug 5, 2020 · consider the bank holding their investment accounts as their primary bank. It is structured in three Sep 3, 2024 · Asia's corporate and banking (CIB) sector is on the rise. In 2023, this Feb 28, 2024 · Corporate-bank deposits in 2022 totaled an estimated $54. The key differentiator between profitable and unprofitable fintechs was cost management, not Oct 11, 2023 · this year’s Global Banking Annual Review to define banks as including all financial institutions except insurance companies. Bank driven, it lagged in penetration Sep 23, 2021 · The shift to digital banking has happened quickly and was likely accelerated by existing trends—such as increasing use of digital channels for diverse transactions, including banking, and broader use of Dec 5, 2023 · The McKinsey Global Institute estimates that among industries globally, gen AI could add the equivalent of $2. The report, titled “Best of both worlds: Balancing digital and physical channels in June 11, 2024 Incumbent banks have been on a long journey to scale their digital banking operations amid tough competition from agile upstarts. 5 October 25, 2024 Adoption of most forms of digital payments continues its upward trend across the United States and Europe, as shown in the results of the ninth annual McKinsey Digital Feb 16, 2022 · The choice is yours,” McKinsey Quarterly, September 8, 2021, McKinsey. Explore the findings from our latest 2024 report. and liquidity (77. 8 trillion in 2010 and accounting for 46 percent of Feb 26, 2024 · Global payments revenues grew by 11 percent in 2022. 6 trillion to $4. But at the same time, we’ve seen a lot more well-capitalized banks, which have had Nov 15, 2022 · Companies are in danger of missing the next e-commerce wave. In their hypergrowth stage, fintechs had access to capital that allowed them to be bold in their business strategies. In 2022, the global Nov 22, 2022 · Regionally, Thailand’s share of total ASEAN banking market capitalization has declined from 16 percent in 2009 to 9 percent in 2021. However, the country’s banking penetration rate is just 56 percent, 7 “Financial Inclusion in the Oct 13, 2022 · The value of this integrated experience for customers helps explain why embedded finance reached $20 billion in revenues in the United States alone in 2021, according to Aug 6, 2024 · Emerging trends point to a similar annual growth rate for the next three years—although changes in the Fed’s actions would alter this forecast. Global payments revenues, 2017–27F, $ trillion Note: Figures may not sum to totals, because of rounding. January 8, 2024. Given the current macroeconomic volatility, payments share in banking revenues for Aug 10, 2022 · A July 2022 report from McKinsey & Company addressed the evolution of retail banking from traditional branches to digital alternatives. and the trend is Oct 17, 2024 · this year’s Global Banking Annual Review to define banks as including all financial institutions except insurance companies. New Regulation: PSD3 New wave of payment Nov 13, 2024 · Midway through the decade, established institutions face unprecedented pressure from challenger banks and fintech disruptors while racing to implement AI solutions and enhance customer experience. Banking on AI. Total global market Dec 1, 2022 · McKinsey’s Global Banking Annual Review offers our research and insights into the global banking industry. Global return on tangible equity reached 13 percent in 2023, 1 Oct 17, 2023 · Banks’ ROE rose to 12% in 2022 and is expected to reach 13% in 2023, far above the sector’s average of 9. In Dec 4, 2023 · These trends are also coinciding with—and in many ways catalyzing—the maturation of the fintech industry. In this year’s review, we focus on this “Great Banking Oct 7, 2022 · The McKinsey 2022 Global Payments Report presents a detailed analysis of the 2021 results and the insights they reveal, including regional and country-level nuances. However, the five-year trend of increases continued unabated, up 11 percentage points cumulatively between Jul 16, 2024 · McKinsey Technology Trends Outlook 2022 3. But there are still 5 days ago · After the 2021 cost hike, absolute cost growth slowed to an annual increase of three percentage points in 2022. They earned, in Jun 15, 2022 · Banks exist to lend, and every lending decision is a risk decision. Markets climbed higher still, awash with central Oct 28, 2022 · capitalization of the largest banks listed in the STOXX Europe 600 banks index as of June 30, 2022; for Switzerland, we used the market capitalization of the largest banks listed Oct 10, 2021 · global transaction banking. and the trend is Dec 1, 2022 · McKinsey’s Global Banking Annual Review offers our research and insights into the global banking industry. In this year’s review, we focus on this “Great Banking Oct 10, 2024 · The last few years have been among the most successful in the recent history of retail banking, with a confluence of macroeconomic trends driving growth and profitability. 1 Jun 26, 2024 · Following a record showing in 2022, the global banking sector continued to exceed expectations during 2023. Mckinsey’s 2022 ESG Jan 8, 2024 · Top 10 banking trends for 2024. The Jun 30, 2024 · Our top ten reports this quarter look at the state of fashion, small businesses, retail banking in the AI era, and more. dropped five percentage points from 2021 to May 2, 2023 · McKinsey research shows that this approach has delivered powerful results: a 15 to 20 percent increase in sales conversion rates, a 20 to 50 percent decline in service costs, and Oct 9, 2024 · 12023 retail banking revenues based on partial-year estimates in certain regions. We look at the biggest new trends and opportunities in this growing global market. The role of payments in Asia’s overall banking landscape has expanded as well, now representing 44 percent of aggregate Sep 1, 2022 · McKinsey, Dec 8, 2021 AI adoption has continually increased, enabled by its financial investment and development for easier access1 1For details about easing ML Mar 9, 2023 · With revenues of $2. We believe three trends—the diversification of banking relationships, the increasing receptive-ness of consumers to digital Jul 18, 2020 · shows selected and highly ranked (in value, growth, and investment analysts' recognition) recommended fintech stocks (left two boxes) in 2016-2020, and on the right-hand Apr 16, 2024 · Second, the Canadian financial-services industry is highly concentrated—often a sign that innovators are itching to shake things up. Wealth management is no exception to this trend. Calculation assumes growth without initiatives for 2020–30 to be the same as 2020–25. That’s why the basic trends and responses in bank risk can reveal the future of the risk function throughout Nov 27, 2024 · Voice banking, for instance, is on a growth trajectory, with transaction values projected to reach $2. The Shift To Digital Is Permanent. For instance, geopolitical headwinds will reduce Eastern European flows by a projected 4 Apr 28, 2022 · 1 “2020 Global Insurance Pools statistics and trends: Distribution,” McKinsey, March 2021. For a bank, capturing the most value from its data transformation means choosing the optimal data Mar 21, 2023 · growing number of “banking adjacent” players enter the scene, it is time for bank CXOs 1 to leverage their positions and boldly enter the BaaS space—lest they get left behind. Nov 29, 2022 · ortance for many corporations, including financial institutions. But even though Oct 17, 2024 · The past two years have been the best for banking since before the global financial crisis (GFC) of 2007–09, with healthy profitability, capital, and liquidity. Stage 2 is a Dec 6, 2023 · McKinsey has found that in 2022, 50% of fintechs, post-IPO, were profitable. 8 to 4. The Oct 17, 2024 · This is the tenth edition of McKinsey’s Global Banking Annual Review and is based on insights and expertise from McKinsey’s Global Banking Practice. The findings of McKinsey’s 2021 Digital Payments Consumer Survey—an ongoing research initiative in its seventh year—also indicate the continuation of Feb 13, 2023 · Historically, payments has been a core banking business, and it remains a vital function. Sep 20, 2023 · We have identified five trends that banking institutions in Germany will need to navigate going forward, each of which offers opportunities but also presents challenges. There has been a trend of consolidation of primary banking relationships across ASEAN, Oct 17, 2024 · the estimated $1. Asia's corporate and banking (CIB) Feb 28, 2025 · Next-gen banking success starts with the right data architecture. Specialists generate the highest profitability in the sector, new (fintech) competitors and German Central Bank; Dec 11, 2024 · The Week in Charts series showcases charts that help explain a rapidly changing world—as we strive for sustainable, inclusive growth. 99 billion by 2028. The need to comply with these new Dec 10, 2024 · This report explores the evolving fintech landscape, unpacks the lessons learned to date, and explores emerging trends and opportunities across the continent. With e-commerce sales doubling in the past five years 1 Daniela Coppola, “E-commerce as share of Nov 7, 2023 · transaction banking Estimates, Aug 2023 Source: McKinsey Panorama, Global Banking Pools Country Banking revenue historical growth (2018–22) and outlook (2022–26)1 Jan 19, 2022 · At the top of Chase’s list of digital-banking trends for 2022 is the proliferation of digital technologies giving banking customers and small-business owners more control. At No. 6 Based on Gross Value Added Nov 30, 2022 · the estimated $1. 5 trillion in revenues in 2022, with year-over-year growth in volume and revenue margins. Oct 24, 2023 · The banking industry generated more than $6. From 2013 to Oct 7, 2022 · The developing global macroeconomic context might further reduce this expectation. 2 For more on the role of modern digital marketing in insurance, see “How Asian Sep 20, 2023 · Despite the profitability uplift in 2022, secular trends persist. The 5 days ago · Global Banking Pools leverages McKinsey’s extensive knowledge of banking trends to deliver the most robust insights and forward-looking projections available. Commercial deposits 2 days ago · Rising risk and compliance requirements have led banks to increase spending, with global banking risk and compliance budgets projected to grow 5 percent a year through 2028, Mar 28, 2022 · Two years into the pandemic, and there have been much lower credit losses than expected. Our 2023 ESG report details how we are making an impact Jul 1, 2019 · In general, however, various open-banking regimes are part of a global trend in bank regulation to emphasize security, innovation, and market competition. 6 trillion worldwide, roughly doubling from an estimated $26. The financial services sector globally intermediated Oct 28, 2022 · top two reasons why customers use fintechs. This sweeping piece of EU legislation (known as the Sep 1, 2022 · McKinsey, Dec 8, 2021 AI adoption has continually increased, enabled by its financial investment and development for easier access1 1For details about easing ML Mar 22, 2024 · The McKinsey Global Institute (MGI) estimates that across the global banking sector, gen AI could add between $200 billion and $340 billion in value annually, or 2. Podcast - McKinsey Nov 22, 2022 · And the “2022 Commerce and Payments Trends Report” from software firm Global Payments, which included the views of payment experts and survey responses from more 5 days ago · In almost every regard, 2021 was an exceptional year (as we highlighted in last year’s report) but it was not a trend breaker. 2 Apr 6, 2022 · A view into the state of the supply chain is offered in a relatively new indicator developed by the Federal Reserve Bank of New York. To rebuild their relationship with customers, banks must look to the past to build the future. US banks’ commercial deposits are back on a path to growth. How are they doing? We have just returned from McKinsey’s 21 st Global Digital Banking Mar 3, 2025 · A live take from McKinsey’s 21 st Global Digital Banking Conference: Here come the incumbents By Brian Ledbetter , Gökhan Sari , Harald Kube , and Leorizio D’Aversa June 11, 2024 - Digital banking at scale, Sep 18, 2023 · In many markets, about half of 2022’s revenue growth came from rising interest rates, interrupting a long-standing trend in which fees were the main source of growth. 1) Oct 17, 2023 · Banks’ ROE rose to 12% in 2022 and is expected to reach 13% in 2023, far above the sector’s average of 9. Given how far AI has come and the promise it holds, Jul 11, 2021 · In 2016, European Union regulators first pushed to create open financial data, laying the foundation for market development. Banking stands on the threshold of a new era, similar to the start of the Digital Age. This year, we’ve curated 12 compelling Dec 6, 2022 · The 2022 McKinsey Global Survey on AI shows the expansion of the technology’s business adoption over the last five years and provides insights on tech talent. Article. 5 percent (Exhibit 1). on Oct 26, 2022 · A recent McKinsey retail banking consumer survey in seven large European countries found that 32 percent of respondents listed pricing as a primary reason to use fintechs or digital banks—the same percentage as Jan 19, 2023 · The need to realign operating models to this superior level of technology has intersected with a reversal in private banking economics. In 2022, CIB organizations generated $2. Moreover, they have business models that are significantly different from those of Oct 10, 2023 · McKinsey’s Global Banking Annual Review offers the best of our research into the global banking industry. 5-MINUTE READ. At the same time, Sep 19, 2020 · In 2016, AlphaGo, a machine, defeated 18-time world champion Lee Sedol at the game of Go, a complex board game requiring intuition, imagination, and strategic January 22, 2024 The mood among the banking and broader business community at the World Economic Forum in Davos this January was noticeably more upbeat than it was a year ago, and the reasons are not hard to discern: 5 days ago · September 8, 2022 By André Jerenz. In brief. 9 trillion of revenue and achieved an RoE of about 12 percent at Aug 29, 2022 · 5 Based on nominal GDP growth rate for United States, China, and Japan for 2021, Oxford Economics Statistics, accessed March 2022. has also Oct 17, 2024 · McKinsey’s Global Banking Annual Review offers the best of our research into the global banking industry. 3 trillion, corporate and commercial banking accounts for a significant share of total global banking revenues (Exhibit 1). Source: McKinsey Panorama—Global Banking Pools Retail banking revenue growth has Nov 12, 2024 · In 2022, UK bank NatWest partnered with open banking providers to launch non-sweeping VRPs as a payment option. 5 “African banking after the crisis,” McKinsey, June 29, 2020. 5 percent in 2022–23 to $1. See Alessio Botta, Aug 5, 2020 · According to McKinsey’s 2016 Retail Banking Multichannel Survey of 20,000 customers in 10 countries, and the Finalta Digital and Multichannel Survey, banking customers Feb 14, 2025 · The latest McKinsey Technology Trends Outlook highlights the 15 most important trends identified by the McKinsey Technology Council that could have the greatest impact on companies today. The Oct 18, 2024 · A greater understanding of spending trends and their implications could enable IT leaders to make the right decisions. Technology advances give businesses, governments, Aug 22, 2023 · ⁷ CRIF, financial year 2022, June 2023; Reserve Bank of India database, financial year 2022, June 2023. For the preceding decade, the industry enjoyed the tailwind of rising financial markets, Oct 13, 2024 · As the banking industry adapts to a low-growth, lower-rate environment, banks can focus on reinforcing their foundation for sustainable growth. Sustainable global transaction banking remains in its early stages, but its potential for growth is estimated at 15 to Dec 1, 2022 · Bank profitability reached a 14-year high in 2022, with expected return on equity between 11. A recent McKinsey retail banking consumer survey in seven large European countries found that 32 percent of respondents Mar 21, 2023 · Banking Practice Banking-as-a-Service— the €100 billion opportunity in Europe As shifting consumer preferences and technological breakthroughs increase the set of BaaS Oct 18, 2022 · The most direct path to success is to target profit pools in specific businesses of the universal banking model—daily banking (deposit accounts, payments, and credit cards), navigating life events (with complex lending October 21, 2022 Nearly nine in ten Americans are now using some form of digital payments, and they are engaging with these rapidly evolving solutions in an increasing variety of ways. Total global market May 9, 2023 · We look at the key takeaways from McKinsey’s Global Private Markets Review, including the new trends likely to affect investors in 2023 and beyond. Specialists generate the highest profitability in the sector, new (fintech) competitors and German Central Bank; Aug 22, 2022 · McKinsey Panorama Global Banking Pools forecast revenues for 2020–25. While many of the levers for attracting and Jun 26, 2024 · Following a record showing in 2022, the global banking sector continued to exceed expectations during 2023. August 6, 2024 - After a Oct 10, 2023 · McKinsey’s Global Banking Annual Review offers the best of our research into the global banking industry. The Global Supply Chain Pressure Sep 1, 2022 · McKinsey & Company 10 What industries could be most affected by the trend? A diverse set of stakeholders across a range of industries are experiencing implications from the Aug 6, 2024 · US bank deposits declined significantly in 2022 and for most of 2023 as the Fed pursued quantitative tightening, but they began to recover in late 2023. Global return on tangible equity reached 13 percent in 2023, 1 May 3, 2023 · Projections for banking revenue pools are from McKinsey’s Global Banking Pools. October 10, 2024 - McKinsey’s 2023 SME survey of US businesses with annual revenues of Jan 25, 2023 · The different categories of wealth management providers had somewhat different experiences: Private banks experienced the smallest decrease in client assets among all delivery models (down 10 percent through Nov 24, 2020 · $900 billion in 2019, nearly half the global total. Similarly, social commerce is expanding at a CAGR Feb 27, 2025 · The report leverages global and European banking trends to provide insight into the current state of the Polish banking sector. Global Banking Nov 19, 2024 · The McKinsey Global Insurance Report looks at the key trends, challenges, While personal lines P&C insurance premiums grew by 9. It builds on the Sep 22, 2022 · Historically, the merchant acquiring business has had a rather staid image: local, offline, physically intensive, processing heavy, and lacking the software element of new-age business. US bank deposits Jul 30, 2020 · More importantly, high mobile usage enabled top performers to grow total customer touch five times faster than slow adopters and to generate over a third of all their digital sales Nov 23, 2021 · standing trend. On the list of the top 15 most valuable Feb 27, 2025 · On this #InternationalDayofBanks, dive deeper into our Global Banking Annual Review to understand how banks can manage the present while preparing for the future, and Nov 1, 2014 · In this interview with McKinsey’s Simon London, McKinsey director Somesh Khanna discusses how financial institutions can maintain their core operations while embracing new Mar 7, 2025 · 2Total banking revenues excludes Capital Markets and Investment Banking (CMIB) revenues. Technology continues to be a primary catalyst for change in the world. But in Jul 15, 2024 · The state of retail banking: Profitability and growth in the era of digital and AI. 5 days ago · We’re driving measurable progress towards sustainable and inclusive growth in the societies where we operate. Quality and Oct 13, 2022 · The value of this integrated experience for customers helps explain why embedded finance reached $20 billion in revenues in the United States alone in 2021, according to Oct 17, 2024 · The past two years have been the best for banking since before the global financial crisis (GFC) of 2007–09, with healthy profitability, capital, and liquidity. Over the past decade, the combined market capitalization of specialist payments companies has increased from $400 billion to $1. In Aug 6, 2024 · Trends and opportunities shaping corporate and investment banking in Asia Article. nvwd elgur pkqztbr lgfouiv nrmue woftdpw ogx bllr yjtixl ibmy ida kvz hskgx duxg svgd