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Larry Lerner

Advises global financial institutions on transforming and scaling their digital and analytics capabilities to drive superior performance and optimize strategic decision making

Larry advises financial institutions on advanced analytics, data transformations, and scaling of digital and analytics capabilities. In addition, he helps them to develop strategies for risk and fraud analytics and achieve insight-driven product and customer growth. His recent work includes helping clients improve their advanced-analytics programs, launch digital banks and data businesses, and create centralized analytics environments.

In one example, Larry supported a leading North American retail bank to transform its advanced analytics and agile marketing program to dramatically improve retention and loyalty, including identifying addressable deposit retention opportunities in excess of $20 billion, developing more than 800 unique microsegments to target, and reducing typical marketing execution timelines by more than 60 percent.

Other examples of his recent client work include the following:

  • helping a North American institution find $150 million in annual savings with a multimodal infrastructure platform that improved business alignment and partnership, and also facilitated greater agility, better demand management, and continuous modernization
  • working with a regional bank to reduce fraud losses by more than a third by identifying model, operations, and policy and controls interventions
  • working with a global financial-transaction processor to develop and launch a centralized analytics environment, enabling near-real-time analytics to support fraud, risk, and customer analytics needs

Larry is a frequent author and speaker, presenting often on topics ranging from advanced analytics to analytics transformations. Until recently, he led the global financial-services and risk-analytics practices at a global management-consulting and professional-services firm. Prior to that, he held leadership positions at a number of financial institutions, where he led statistics and data-analysis teams as well as product development and credit policy for a US credit card business.

Published Work

Scaling gen AI in banking: Choosing the best operating model,” McKinsey & Company, March 2024

Capturing the full value of generative AI in banking,” McKinsey & Company, December 2023

Been there, doing that: How corporate and investment banks are tackling gen AI,” McKinsey & Company, September 2023

"Scaling analytics across financial services: Understanding the value of model life cycle transformations," McKinsey & Company, April 2023

Past Experience

Managing director, global Analytics lead for Financial Services

Capital One
Managing vice president, US Card

Citadel Investment Group
Vice president


University of Chicago Booth School of Business

Washington University
BS, business administration