For Damien Palacci, Partner and Finance & Regulatory leader at BearingPoint, the future of consulting is about augmented decision-making, co-creation, and powerful ecosystems. He explains how the consultant 4.0 creates value by connecting the dots.
If you were to look back 10 years - or even 5 years - and examine how you used to interact with your banking provider for everyday transactions and for larger dealings, it’s almost certain that what you did and how you did it was very different to the interactions you have today. Not only can you now access the majority of services online or via an app, but the physical layout of the branch - and its functionality - is altogether different.
Since the financial crisis in 2008, European banks have been operating in a challenging environment. On the contrary, the challenges of a low-interest phase, increasing digitalization of competitors, intensified market competition and increasing regulatory requirements require rethinking strategies and changes in the structure of responsibility in order to remain competitive or become competitive again.
NB IoT is a new cellular standard for low-power wide-area (LPWA) managed M2M (machine to machine) networks. According to analysts - by 2021, this standard will be used by 45 of the world’s largest MNOs. Standard creation was driven by 3rd Generation Partnership Project (3GPP).