This Capco white paper explores how one innovation — strategic cost management — can help investment managers measure profitability more accurately and in richer detail. Jump-started through a rapid prototyping approach to profitability modeling, such analysis provides a multidimensional view of products, channels, geographies and, ultimately, customers and can help organizations chart a [...]
Today, 9716 documents
in our database
in our database
 |
Posted on December 11th, 2012
Posted on November 6th, 2012
There is a fair amount of evidence that financial innovations are sometimes undertaken to create complexity and exploit the purchaser. Thus financial innovation does have a dark side. As far as the financial crisis that started in 2007 is concerned, securitization and subprime mortgages may have exacerbated the problem. However, financial crises have [...] Posted on November 1st, 2012
Typically, the term ‘development’ has a positive connotation. A state of higher development is perceived to be superior to a state of low development. The same is true for the term ‘financial development’, which we associate with improved financial products, processes and institutions. Financial development leads to an improved allocation of capital, empowering [...] |
|
|
|
||
Financial innovation: The bright and the dark sides
Topics: innovation
Even before the crisis, many economists warned that financial innovation has a dark side. This column uses new cross-country data on financial innovation and provides evidence that financial innovation can lead to more volatility, more fragility, and more severe losses. But it also finds evidence of improved growth opportunities, better financing, and increased [...]
Use of Financial Services by the Unbanked and Underbanked and the Potential for Mobile Financial Services Adoption
Topics: innovation, IT technologies, retail banking
The increased use of mobile devices coupled with the evolution of technologies that enable consumers to conduct financial transactions using mobile phones has the potential to change how consumers manage their finances. Innovations in financial service technologies may also help foster access and inclusion in the mainstream financial system for unbanked or underbanked [...]