BearingPoint helps financial institutions instrumentalize data lineages for the step-by-step generation of cost reductions by early operative use of the new fit-for-purpose bank steering architecture. Our unique approach enables institutions to plan and execute upcoming transformations more precisely, cost-effectively and with less risk than conventional transformation strategies.

The architectures for bank steering are facing disruptive changes in many European institutions

  • Stabilizing revenue streams by focusing on high-margin products, optimizing the top KPIs for total bank control, and realizing efficiencies by decreasing costs by up to 30% are some of the main drivers for changes in bank architecture
  • The initiatives of individual institutions are comparable in principle but differ in terms of starting conditions and level of ambition

What is needed to tackle upcoming transformations better and make use of existing potentials regarding efficiency and costs

  • A data lineage-based and product-oriented approach support actions for a non-silo-driven organization
  • Data lineage enables us to see the "real" complexity in exchange for the "perceived" complexity
  • Sustainable, functional documentation along the data lineage allows efficient change
  • The business logic (i.e., functions, methods, models) per discipline can be identified, and the required data or product features can be derived

How BearingPoint can help

Our approach uses data lineage to identify required focus areas to perform a more precise and cost-effective transformation. To gather the needed information for this approach to function, we assist in setting up the appropriate data lineage and in enabling banks to utilize their (meta)data lineage in several steps:

  • Capitalize on the existing metadata lineage, identify the business logic (i.e., functions, methods, models) for each discipline and derive the required data and product features
  • Extend the available metadata lineage to facilitate the approach for all relevant business areas
  • Link the metadata lineage with the "traffic," i.e., the actual data streams, to achieve: further insights into complexity (simplification potentials) and a better understanding of materiality (prioritization for efficient action)
  • To guide all architectural decisions and optimizations toward the desired fit-for-purpose architecture, the metadata lineage and "traffic" will be embedded in our industry-standard BearingPoint fit-for-purpose architecture for bank management areas – especially CFO and CRO

Our industry expertise and approach enable a comprehensive understanding of business logic to support you in identifying redundancies and harmonization and simplification potentials. The concrete optimization potentials will then be transparent in the designed fit-for-purpose architecture for your institution.

Our experts and trusted advisors to clients in the banking and capital markets sector provide guidance and share their experiences with you. 

Would you like more information?

If you want to get more information about this subject please get in touch with our experts who would be pleased to hear from you.

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