AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The So What from BCG
Breaking the Bank
Jun 5, 2024
Kilian Berz, global vice chair of BCG’s financial institutions practice, discusses how traditional banks can overcome challenges by embracing leadership and transformation. They delve into topics such as the impact of big tech companies, regulatory challenges, and the future of innovation in the banking sector.
19:56
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Traditional banks can regain competitiveness by focusing on leadership and transformation.
- Banking sector needs to prioritize innovation, modernize technology, and enhance customer experiences to stay relevant.
Deep dives
Challenges Faced by Banks in Modern Financial Systems
Banks are struggling in the modern financial system due to factors such as ultra-low interest rates and increased regulations. The top tier banks in North America have outperformed others since the financial crisis, while many banks face challenges in maximizing their value and profitability. Regulation post-2008 has increased capital requirements and limited banks' abilities to innovate and generate returns.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode