Our consultants have extensive experience across the financial and banking sector and work with some of the world’s largest banks, Life Assurance companies, Investment Banks, Retail Banks and Asset Management and Fund Management companies.
We understand the key business issues facing these organisations are:
- Greater expectations from customers, shareholders, investors and staff
- Compliance and regulatory risk. For example: Payment Services Directive, Faster Payments, MiFID, Sarbanes- Oxley, SEPA (Single European Payments Area) and Basel
- Escalating costs of compliance owing to the increasing scope and complexity of these obligations
- Increased liquidity, and operational and reputational risk
- Major investment required to overhaul bank payment infrastructures
- Inefficiencies caused by replicated compliance practices in individual lines of business
- Reducing margins on commodity products squeezing profitability
- Delays to other revenue generating technology initiatives as the priority has been on compliance related projects
In response, we are helping our clients to:
- Integrate valuable and dependable governance and compliance tools
- Mitigate escalating costs by reducing duplicative processes and eliminating unnecessary procedures
- Increase the efficiency of compliance process management
- Ensure business critical systems work at all times
- Become more effective at complying with increasingly complex regulatory requirements
- Develop unique service offerings to optimise revenue through implicit customer knowledge
- Minimise risk, protect reputation and avoid financial penalties
- Validate the quality of new distribution channels
