FINANCIAL SERVICES
THE INDUSTRY
Across the world, the Financial Services sector continues to experience significant change.
After the financial crisis and the resulting structural and regulatory changes the financial services industry has proved to be more resilient than in the preceding two decades. The industry has responded well to recent events including climate change, the pandemic and war in Ukraine. Post crisis ultra-low interest rates have come to an end and central banks are steadily unwinding their ‘easing strategies’.
Against this backdrop the make-up of the industry is changing significantly. Providers of financial infrastructure and technology have grown rapidly and now comprise a significant portion. Traditional ‘regulated players’ like banks, insurers and asset managers continue to grow – however, differing returns on capital invested are driving important shifts in investment.
The new players, particularly Fintechs, focusing in areas like payments and e-money, with disruptive business models are typically unencumbered by legacy systems and processes. They are capturing high growth opportunities with new, simple, low capital investment business models supported by the latest technology. In contrast, more traditional capital-intensive businesses, with higher risk profiles and much legacy infrastructure, have often seen regulatory and compliance costs rise rapidly. These players face a constantly increasing need to simplify organisations, processes and systems to drive out costs.
HOW WE CAN HELP
Our team has diverse experience from across the industry including global banking, risk, insurance, and fast growing PE backed Fintech businesses. This helps us to shape innovative solutions across the sector. We have helped our financial services clients:
- Develop new strategies to respond to changing markets and competitor actions, re-design operating models to fit new realities, execute fast moving performance improvement actions
- Define, build and launch new high margin, high growth products to help our clients reposition their businesses
- Complete M&A work, ranging from operational diligence on target businesses, through to shaping and delivering long term buy and build strategies focused on sustained EBITDA growth
- Support management teams by providing additional experienced leadership bandwidth and specific skills to add capacity during periods of major change
- Align IT strategy and architecture – removing legacy platforms, closing data centres and introducing new technology – including AI, where our research and implementation capabilities are becoming sought after
- Shape, procure and manage a range of strategic outsourcing deals for major international players to secure improved service, reduced costs and support continuing growth
CASE STUDIES
