Banks are currently dealing with tighter regulations.
They are also changing their marketing and sales strategies, partly to retain customers but mainly to re-establish shaken consumer confidence.
At the same time, challenges for banks in customer and channel management are looming large. Mobile payments and the potential impact of social networking on banking practices pose major challenges to established business models.
We have a resilient network of banking specialists, including twenty of our partners and four hundred of our consultants. Our capabilities span the entire banking universe, from new payment methods to financial regulations, from marketing to large-scale mergers and acquisitions.
We are currently working on new technologies to help our banking clients improve their offering and services while, at the same time, reducing their costs.
As a nimble and cooperative partner, we are known for planning and supporting business transformation in core operations, finance, risk and IT. We always act quickly and efficiently to identify, outline and execute initiatives or change programs for our banking clients and their customers.
Banking institutions face various challenges today and in the future. Continuous protection and extension of their own competitive market position contributes to sustainable business success. An effective organisational structure and aligned and efficient processes are crucial to this success. It is necessary to frequently review existing structures and processes and adapt them to changing business conditions. Operating effectively and flexibly at low costs is the challenge and the goal.
As banks return to their original core business, enormous market pressure to minimize cost and to increase profit requires the optimisation and automation of operational and organizational structure.
Flexible and high performance core banking applications are a crucial competitive factor for banks. Dependability, transaction process speed, time to market of new products, the coverage of compliance items and controllable operating costs are significant components in operations of core banking systems.
In the context of the financial crisis, European retail banks need to strengthen their image and enhance their model, by focusing on their customer expectations (free accessibility, simplicity and fair pricing) and by renewing their customer portfolio. For this, the most efficient approach is to move from a transaction-centred approach to a customer-centred approach by implementing a multichannel master plan.
The banking sector is facing several challenges in the payments transactions area, including:
Permanent and strong pressure on bank margins, the accelerated globalisation of financial markets asking for powerful international presence and the increased equity capital requirements have led to large scale and time critical mergers and acquisitions in the banking industry. Only the perfect planning, execution and control of the activities of an M&A assures the delicate difference between an added value and straight annihilation of shareholder value out of the process.
The remaining strategic relevance of “sourcing”, as well as the ever increasing expectations of rising revenues, is the main driver for the current activities in the Securities market.
In the course of the stabilisation of the financial markets, investor confidence in specific securitisation transactions is recovering. Beyond the crisis, asset-backed refinancing is an appropriate instrument to raise liquidity and to partially reduce risk on the balance sheet for industrial and service companies, as well as banks and financial service providers. However, investors’ need for greater certainty and changes deriving from adjustments of the regulatory framework have affected quality and transparency requirements for the underlying assets (e.g. leasing, trade receivables). Compliance with these increased requirements became a key success factor for the asset backed refinancing market.
Analytical measurements to control and secure quality, in particular tests and reviews, still make up a significant portion of the cost of IT projects. Tests for different projects are often separately planned, executed and documented. In addition, individual testing infrastructures, as well as portfolios of test cases, are set up and coordinated with other projects and the affected operating department - repeatedly for each test. Against the background of the financial crisis, internal and external control activities are increasingly focusing on the test process, which results in high quality requirements for the applied procedures and methods.
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We make sure that we understand your business problems, the trends in your industry and then work out what we need to do to achieve results for you. Our consultants know where you are coming from, because they’ve usually worked at an executive level in your industry.
We combine our deep knowledge and experience in your sector with the technical ability to create solutions with real business value.
We’re always looking to find ways to improve your productivity, streamline your processes, and leverage new revenue opportunities for you.
Finally, we get results - virtually all of our most significant clients renew their relationship with us year on year.