Financial Health Network’s Post

I am pleased to share our BCG Global Wealth Report 2024: The GenAI Era Unfolds. Global net wealth staged a significant recovery in 2023, growing 4.3% after a difficult year in 2022. Financial wealth—a subset of global wealth—rose by almost 7%, following a decline of 4% in 2022. Yet in spite of the upswing, profitability continues to be a concern. Wealth managers only improved their profitability margins modestly. Most of the improvement, however, is attributable to windfall profits from net interest income. We anticipate that profit margins will not increase dramatically in the near term unless the industry experiences a positive shock...which could be on the horizon if wealth managers tap into the full potential of GenAI. This technology can unlock efficiencies across the value chain and allow greatly enhanced client interaction and personalization at scale. In this report, we examine GenAI’s transformative power, as well as the crucial role that an effective compliance setup can play in ensuring a successful transformation. https://lnkd.in/ds6WeR3j Congratulations to the authors’ team: Dean Frankle, Akin Soysal, Michael Kahlich, Ivana Zupa, Felix Michael Werner, Daniel Kessler, Laurin Frommann, Michael Boardman, Omar Rahman, Wei Chuan Lim for such a great report this year. #BCGX #WealthManagement #GWR2024 #GenAI

How can we unlock the power of markets to catalyze systemic change? 🤔 As we look ahead to this year’s SOCAP Global conference, we explore in our latest blog post why it’s crucial for impact-driven investors and purpose-led businesses to unite in building an investment ecosystem where purpose-driven companies can truly thrive. By harnessing market forces, we can redefine the role of business in society and catalyze lasting change. SOCAP24, operating at the intersection of money and meaning, will dive deep into the theme of systems change, urging the investment community to move beyond surface-level solutions and drive the structural shifts needed for real impact. B Lab Global will join impact investors and #BCorps to showcase how the #BCorpmovement is already leading the way, proving that profit and purpose can successfully coexist to generate long-term social and environmental benefits. 👉 Read the full post to learn more about the power of markets at SOCAP24 and beyond: https://bit.ly/3TRLkVk #SOCAP24 #ImpactInvesting #StakeholderEconomy #SystemicChange #ESG

Last night's Euronext and Guberna New Year's event was a tremendous success, filled with valuable insights and inspiring conversations. One key takeaway I'd like to share for 2024 is the importance of integrating agility into your strategy. Embracing adaptability and responsiveness in this fast-paced world can be a game changer for businesses looking to thrive. Additionally, I was particularly moved by the remarkable and inspiring video intervention from the author of 'Earth for All: A Survival Guide for Humanity'. Her insights added a profound depth to our discussions, emphasizing the urgency and possibility of transforming our world for a sustainable and equitable future. #Euronext #Guberna #NewYear2024 #BusinessStrategy #Agility #EarthForAll #Sustainability"

🚨🌟 Get ready for FutureFit 2024 This year's FutureFit Conference will tackle pressing regulatory trends, including key insights into Basel 3.1, the Strong and Simple framework, and the Senior Managers regime. We will be diving into hot topics like ESG, Climate Risk, IReF, DORA, AI, and Section 166. Stay tuned for the full agenda release — it's one you won't want to miss! 👇 Register your interest and stay up to date: 🔗https://bit.ly/4dJzsgg #FutureFit2024 #RegTech #Innovation #Finance #Technology #AI #ESG #Regulation

#WEF2024 already seems like a long time ago, but there’s one thought I can’t seem to shake.   The media painted a rather bleak picture of #Davos – with headlines emphasizing a "global economy on the ground", a "doomy agenda", and decision-makers who seem to have lost confidence in Europe, but especially in Germany, as a business location. Is this really the message we should take home? I don’t think so.   Sure enough: Deep structural changes are affecting the geopolitical landscape and our economy. These shifts show no signs of slowing down. And yet, as a society, as companies and decision-makers, we have the opportunity to move into the right direction, now.   For me, Davos only reinforced this belief. Reinvention is the fundamental change we deem critical for economic growth. It’s a huge undertaking that requires commitment, investment, foresight, and most of all: courage. And it is happening! It can happen everywhere.   ➡️ In fact, 83% of companies have accelerated their business model and process reinvention in 2023.   While there are many factors, the role of technology is vital. It is both a main cause for reinvention and its biggest opportunity. I’ve spoken to plenty of open-minded people who dare to question the status quo and transform their entire business. The most ambitious ones are already adopting generative AI to realize potentials for value creation never thought possible. They are also reinventing their talent strategies and their ways of working, empowering their people to design change together with them.   As I witness all of this, I am reminded that the main theme of this year's WEF was "Rebuilding Trust". It is up to us to rebuild trust, and we can be full of confidence for 2024.  

The world is at a critical and transformative point in history with a seemingly endless supply of shocks, deep structural shifts, and a level of uncertainty for global stakeholders. At a time like this, the theme of “Rebuilding Trust” at the 54th Annual World Economic Forum seems ideal. It promises to drive stronger partnerships, agile policy frameworks, and effective deployment of technologies that can help us navigate the challenges of 2024. As part of BCG’s delegation, I’m excited to participate in dialogues to address the eroding trust across geographies and industries. AI stands to play a significant role as a driving force for the economy and society. How can we use it to benefit all? That’s one of the conversations I’ll be having on the ground at #WEF2024. If you are attending, come say hello to #BCGatDavos.

A Year in Review (2023) As we bid farewell to 2023, we reflect on a year filled with growth, insights, and strategic partnerships. At Harmony Analytics, our commitment to delivering unparalleled data analytics services has never been stronger. In our pursuit of more knowledge and better results, we've curated a selection of our top 7 pieces from the past year. These pieces encapsulate the essence of our mission — to identify and measure risks and opportunities, foster transparency, and empower informed decision-making. Our Harmony platform, fueled by a research-driven approach and cutting-edge technology, has paved the way for transformative insights. Today, we invite you to revisit the highlights of 2023 with us, as we share the most crucial news and advancements that have shaped our journey. 📄 Decoding Emissions Metrics for risk management and disclosure - http://bit.ly/48ttjBE 📄 The Future of Corporate Reporting: Key Updates from the SEC and EU - https://bit.ly/3NIHhrE 📄 California Assembly Advances Climate Disclosure Mandates - https://bit.ly/3NKtlxf 📄 White House tackles artificial intelligence with new executive order - https://bit.ly/3txzHcq 📄 Getting Ready for 2024: Upcoming SEC Climate Disclosure Requirements - https://bit.ly/48pBj6O 📄 Exploring Workforce Representation and Disclosure Requirements - https://bit.ly/3GVX7LE 📄 Advancing Reporting: ISSB’s Role in the 2024 Standardization Movement - https://bit.ly/3H4myKM Thank you for being an integral part of our ecosystem. Together, we've navigated challenges and celebrated successes, and we look forward to continuing this journey of excellence in the coming year. . . . . #HarmonyAnalytics #YearInReview #DataAnalyticsExcellence #Insights2023 #StrategicPartnerships #InformedDecisionMaking #TechInnovation #DataDrivenSuccess #TransparentInsights #BusinessGrowth2023

At #DavosBrainstorm2024, Siddharth Zarabi, Managing Editor of Business Today TV, had an exclusive conversation with Ray Dalio, Founder and CIO Mentor of Bridgewater Associates, USA outlined five major forces shaping 2024. Firstly, he emphasized the significance of global debt and money dynamics, particularly focusing on the United States. Second, he delved into the internal conflict within the U.S., citing irreconcilable differences and the impact of populism on democracy. Third, Dalio discussed the great geopolitical conflicts arising when a rising power challenges existing ones, with ongoing wars in Europe and the Middle East. He underscored the unprecedented combination of domestic and international uncertainties. The fourth force he highlighted was the historical impact of acts of nature, now compounded by climate change, carrying an estimated cost of 5-10% of world GDP. Lastly, he emphasized the critical role of technology, now more than ever. The conversation provided insights into the intricate web of global dynamics that will define the trajectory of 2024.    Siddharth Zarabi Ray Dalio Motwani Jadeja Foundation Darwin Platform Group Of Companies #DavosBrainstorm2024 #raydalio #davoswithbt #worldeconomicforum #investment

"2024 is closer than we think. It's time to face the unspoken reality- our world will change in ways we can't even imagine. Brace yourselves for: - Advancements in technology - Shifts in global politics - Environmental changes Are you ready for what's to come? #2024 #future #change"

𝗗𝗲𝗺𝗼𝗰𝗿𝗮𝘁𝗶𝘇𝗶𝗻𝗴 𝗪𝗲𝗮𝗹𝘁𝗵 𝗖𝗿𝗲𝗮𝘁𝗶𝗼𝗻 - 𝗔 𝗦𝘁𝗲𝗽 𝗧𝗼𝘄𝗮𝗿𝗱𝘀 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 💁🏻 In today's world, where the concept of wealth creation remains elusive for many underprivileged groups, the demand for more inclusive financial services is becoming increasingly pronounced. It's crucial to understand that the issue extends beyond merely granting access to financial resources. The heart of the matter lies in granting these groups the power to take the reins of their own financial futures. To work towards this goal, we need to leverage tools such as artificial intelligence (AI) to provide advice, education, and investment opportunities that are specifically tailored to the needs of women. By doing so, we're taking a significant stride towards the broader goal of financial inclusion. Through this approach, we're not only addressing the unique challenges that underprivileged groups face in financial matters, but also creating a universe of possibilities. These possibilities can enable them to thrive financially, breaking free from the constraints that have held them back for too long. The need of the hour is collaboration. Together, we can dismantle the barriers that stand in the way of financial inclusivity and build a financial ecosystem that is diverse, inclusive, and equitable. Let's join forces to democratize wealth creation and make it a universal possibility, rather than a privilege. #future | #technology | #financialinclusion | #wealthcreation | #Empowerment | #reinvent2024 _______________________________________ 🙏 Many thanks for taking the time to read this post. I am Maria Jose Perea Marquez, and this narrative was fueled by the power of human intelligence 🧠 . If you found this post insightful, I encourage you to explore my other posts and articles on LinkedIn. I regularly post on a range of topics, including: The interplay of 🎓 learning and 🦾 technology, focusing on financial and digital literacy 🦸🏻♀️ leadership and its multi-faceted aspects, the world of 📱 digital business, 🪞 weekly reflections & key learnings, encapsulated under #elevateweekly, and 🎧 podcast recommendations, which you can find under #walknlisten🚶♀️. I welcome you to like 👍, share 📢, comment ✍️, and turn on notifications 🔔 for my profile to stay updated with valuable insights and the latest content!