More on the shifting demographics from PwC. Millenials at Work Millennials matter because they are not only different from those that have gone before, they are also more numerous than any since the soon-to-retire Baby Boomer generation –millennials already form 25% of the workforce in the US and account for over half of the population in India. By 2020, millennials will form 50% of the global workforce.  Continue reading Millenials will form 50% of the global workforce by 2020 – PwC

Chris Skinner summed Omnichannel perfectly suggesting it is “so last century, please delete it”. Knowing Chris there is only so much dry sarcasm in that statement.  For me I have no idea why, when when 10 years ago we looked at branch, ATM, telephone and internet banking and we called it multi channel banking, we are now we are going into convulsions in attempts to define OmniChannel banking.  We added what, mobile, and now we have to shift to another word? The Financial Brand is still falling into that trap I hate to say when they get sucked into the argument with  “Digital … Continue reading OmniChannel vs Strategy

Looking backwards we can readily see the impacts of large demographic cohorts on economy, fashion, trends, and yes – banking. Past examples: housing value growth stock market growth cruise ship growth fast food growth music and radio genre rise and fall Lately I have been sensing we are in the midst of another big shift from the Baby Boomer cohort.  That cohort is age 51 – 69.  That would place them in the stock market/ cruise ship group.  Despite being the largest cohort, their income is flat, savings flat having already largely inherited from parents, and they are not going … Continue reading Signs we are in the midst of a demographic shift

I have been taking in a fiew WEF disucssions and one I did enjoy was the Posen/ Martin Wolf interview, and can recommend this for anyone interested in nations and the worlds financial systems.  Wolf speaks of three key risks within the financial system which intestingly are precisely those same risks from 2008. D/E (Debt to Equity) of banks which on average sits in real terms (disregarding risk weighted) in the range of 20 : 1 or 25: 1.  Wolf makes the point that at that ratio consider how much loss needs to occur in asset value before the bank … Continue reading Remebering 2008 and how little things have changed; World Economic Forum 2015