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Michael Strauss joined Boston Consulting Group in 2003. He is a member of the Financial Institutions practice and focuses on large-scale change. Michael leads BCG’s work in wholesale and transaction banking. 

At BCG, Michael has worked extensively with clients in corporate banking and capital markets on strategic projects addressing coverage and sales strategies, strategic asset class reviews, and growth initiatives. He has also worked on several post-merger integrations and on optimizations for target operating models (TOMs), and IT target architectures.

AREAS OF EXPERTISE

EDUCATION

  • PhD, finance, Philipps-University of Marburg
  • Master’s degree, business administration Philipps-University of Marburg

Publications and Videos

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Finding the Sweet Spot for Generative AI in Payments

Although the payments industry has jumped off to a good start in the GenAI race, players need a clear approach to capturing benefits and avoiding risks—both in transforming consumer journeys and in streamlining payments operations.
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A Generative AI Roadmap for Financial Institutions

Generative AI offers financial institutions a route to immense new growth—but only those that take transformative action will find their way. A new BCG report lays out a comprehensive executive roadmap.

What’s Possible? GenAI and Banking

Banks have plenty of customer data and tech expertise, but will need to balance the opportunities of generative AI against privacy, accuracy, and compliance concerns. Michael Strauss takes a look at tomorrow's opportunities.

Our Solution to Carbon Accounting for Financial Services

Combining advanced analytics with strategic planning and industry and climate expertise, CO2 FI by BCG supports clients in navigating their climate change and sustainability journey by building a robust climate data asset.

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Global Payments Report 2022: The New Growth Game

BCG’s 20th annual study of the global payments industry examines how all participants in the payments ecosystem—including acquirers, issuers, networks, wholesale transaction banks, and fintechs—can raise their game by pursuing new strategies for growth.
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2021年全球支付行业报告：支付市场群雄逐鹿

BCG全方位展望市场，审视全球趋势和地区表现，梳理这些趋势对支付行业主要参与者的潜在影响，并着重探讨这些参与者在未来五年可能面临的挑战以及为确保长期增长所能采取的应对措施。
Global-Payments-2021 Report

Global Payments 2021: All in for Growth

Innovation is opening significant opportunities, but emboldened competitors are tightening the time frame for pursuing them.

Wholesale Banking Reinvention

The wholesale banking business ecosystem faces numerous challenges and disruptions in its value chain—navigating an evolving regulatory framework, reducing costs, optimizing capital, and developing sustainable finance and investing practices.

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The Sun Is Setting on Traditional Banking

The pandemic has accelerated the inevitable; the AI revolution is overtaking banking as we knew it. Banks that don’t transform stand to lose market share to faster, nimbler tech players.
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Global Payments 2020: Fast Forward into the Future

Despite crisis-related dislocations, payments players can unleash long-term growth by acting decisively now to mitigate near-term risks, gain scale, and deliver superior customer impact.
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Global Payments 2019: Tapping into Pockets of Growth

Although the payments space will enjoy steady growth overall, the outlook for individual players is less assured. As competition intensifies, success will hinge on digitization, scale, and fast-expanding markets.
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How Cashless Payments Help Economies Grow

Because digital solutions make it easier to send and receive money, they boost economic activity. Policymakers and companies should take steps now to accelerate adoption.