McKinsey - News, Articles & Research

EBAday 2024: Instant payments and generative AI will be the most impactful for the industry

Digitisation and the advantages that are available through modern technology were core topics for the afternoon sessions at EBAday in Lisbon, Portugal.

19 June 2024

News/wealth

Report predicts boom in Apac's wealthtech market

The wealthtech sector in Asia-Pacific could be worth more than $2trn by 2027 thanks to technological advancements, according to a report published by McKinsey.

20 November 2023

Company announcement/predictions

African fintech revnues tipped to grow by 8x to reach $30 billion by 2025

As the fastest-growing start-up industry in Africa, African fintech raised over US$1,3 billion in 2021 alone, the success of fintech companies is being fuelled by several trends, including increasing smartphone ownership, declining internet costs, expanded network coverage, and a young, fast-growing, and rapidly urbanizing population.

06 December 2022

News/payments

Global payments revenues bounce back

After a tough 2020, payments industry revenues rebounded strongly in 2021, growing at an 11% rate and hitting $2.1 trillion globally, according to a report from McKinsey.

10 October 2022

News/crypto

NextGen Nordics: Green bitcoin mining farm planned in Sweden

Ahead of our NextGen Nordics conference on 27 April 2022, we will be putting together a weekly briefing of all the top stories that are emerging out of the region and setting the blueprint for payments innovation across Denmark, Finland, Iceland, Norway, and Sweden.

11 March 2022

News/payments

Money 20/20 EU: Will Europe prevail in the new dawn of payments?

Amsterdam: Finextra is on the ground at Money 20/20 Europe, attending a host of sessions to provide you with key highlights from the most popular sessions throughout the conference.

21 September 2021

News/cloud

Pimco, Man Group and State Street join forces with tech vendors to build new AM operating model

Pimco, Man Group, IHS Markit, State Street, Microsoft and McKinsey have joined forces to create a new technology company for the asset management industry.

07 January 2021

News/startups

Fintech sector faces "existential crisis" says McKinsey

Europe's fintech sector faces an "existential crisis", says McKinsey, as sources of funding dry up during the ongoing Covid pandemic.

16 September 2020

Company announcement/security

The cybersecurity posture of financial services companies: IIF/McKinsey Cyber Resilience Survey

A recent joint survey on cyber resilience by the Institute of International Finance (IIF) and McKinsey found significant concerns regarding third-party security, and our survey determined that 33 percent of financial-services firms do not have proper vendor remote-access management with multifactor-authentication controls.

07 April 2020

News/payments

Payments revenue to enter negative territory

McKinsey is forecasting a dramatic decline in payments revenue as the Coronavirus crisis hits economic activity across the globe.

02 April 2020

News/regulation

Transformative regulation finds its feet in 2020

The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.

06 March 2020

Company announcement

Wider use of LEIs could save banking industry up to $4 billion per annum

Research conducted by McKinsey on behalf of the Global Legal Entity Identifier Foundation (GLEIF) has concluded that wider use of Legal Entity Identifiers (LEIs) across the global banking sector could save the industry U.S.$2-4 billion annually in client onboarding costs alone.

29 October 2019