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Closing the Gaps
Report

Closing the Gaps

Financial Services Needs of Next-Generation Companies

Ranu Dayal, Boripat Louichareon and Isabella Reuttner
World Economic Forum, 2013
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Editorial Rating

8

Qualities

  • Innovative

Recommendation

The explosive growth of “next-generation companies” (NGCs) has revolutionized the industries in which they operate. However, financial services have yet to adapt to the new reality these burgeoning firms present. Ranu Dayal of the Boston Consulting Group and Boripat Louichareon and Isabella Reuttner of the World Economic Forum have compiled data and original research to figure out how best to meet NGCs’ financial needs. getAbstract recommends this report to NGC executives, financial services providers, and policy makers and regulators, all of whom have a role to play in improving the financial environment for NGCs.

Take-Aways

  • High growth rates, global mind-sets and innovative business models characterize “next-generation companies” (NGCs). Diverse by nature, NGCs can be of any size or exist in any sector.
  • The financial industry has been slow to adjust to the proliferation of NGCs. Thus, NGCs lack access to “financial services and products aligned with their needs and capable of helping fuel their continued growth.”
  • NGCs, financial services providers, and governments and regulators are each responsible for addressing these deficiencies. NGCs must improve the documentation of their activities and present their long-term strategies in a “provider-friendly” way.

About the Authors

Ranu Dayal is a managing director at the Boston Consulting Group. Boripat Louichareon is a project manager at the World Economic Forum, where Isabella Reuttner is an associate director for financial services industries.

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