A few months before the crisis, Volkswagen had pointed out that some of their vehicles had mere technical glitches. This wasn’t pro-active crisis management but more of aprevention airbag, so that when they were smeared they could respond with “but we said so” . A few years after the...
The advent of banking-as-a-service (BaaS) tools has significantly lowered the barrier to entry for founders to build new fintech companies or for businesses toembed financial servicesinto their existing offerings. This allows companies to integrate financial services into their product experience, dra...
The second line of defence relates to review by management or specialists that is separate from day-to-day operations. It includes risk and compliance reviews, financial controls over operational departments and oversight of operations by the board....
For example, many hacker groups have expanded their ransomware targets to include personal customer data, IP, payroll information, system codes, and other elements that are important to businesses. As a result, hacked organizations are more willing to pay to restore private access to their ...
sbusiness modelwith a competitor analysis. This overlapping can be analyzed in terms of key customers, technologies,distribution, and financial models. When all those elements are analyzed, it is possible to map all the facets of competition for a techbusiness modelto understand better where a ...
you have to manage all elements of building a new financial service on your own. This includes managing the relationship with your banking partner, building core money storage and money movement infrastructure from scratch, handling compliance and regulatory requirements, and more—in addition to build...
The three elements of the financial dimensions are: Customer segments:Who is your customer? (to notice here we’re not talking anymore about people but customers, those willing to pay for your product or service). Distribution channels:How do you get your product or service to your customers?
That requires four distinct elements: trust, clarity, competence, and management. These four elements compose the Confidence Formula鈩 , an equation for creating positive planning results. Trust may be the most difficult of the four elements to achieve with wealthy clients because they're constantly...
Every pharma company has some of the four elements we describe, but few have all. A company that wants to increase its resilience to shocks can review itself against these elements to determine where to start and how to proceed. Tacy Foster is a partner in McKinsey...
is to consider the various types of Corporations available. There are generally four types of entities commonly used for incorporation. These include C Corporations, S Corporations, Nonprofit Corporations, and Professional Corporations. Below is a high-level summary of the key elements of each option...