Never has the industry undergone such profound changes. Today’s uncertain economy, crucial regulatory and funding challenges, and the volatile nature of innovations and customer behavior mean that financial services have hit a critical point. Banking and insurance transformation has been further accelerated by new competitors and technology-led disruption of financial services. And tomorrow? The main question will be how fast and how far the industry will evolve. After all, this is not the first time change has been heralded in the financial services sector, with little impact on customer and service provider behavior.
Discover the key ideas and stakes driving our engagements in financial services:
- C&IB: tomorrow’s operating models
- Account manager 3.0 in retail banking
- 100% digital banking: innovation, lab & experimentation
- Digital insurance
- IFR9, BCBS 239…: implementing new financial norms & standards
- Compliance: MiFID & other regulations
Top Client Stories
Implement a paperless approach for a leading European insurance company
The dematerialization of processes is synonymous with efficiency and better traceability. Gage of coherency for clients and of conformity for regulators…
Carrying out full diagnostics of a retail bank to identify and achieve a sustainable leap in performance
La pression sur les marges, l’évolution des attentes client et les contraintes réglementaires ont changé rapidement les équilibres des banques de détail.
Tier 1 bank embraces product & client analytics
With the continually fluctuating financial environment, their revenues under intense pressure, and consumer behaviors profoundly changed, banks must up their tempo.
Launch of a new marketing entity (IoT offering)
The next digital revolution will be underpinned by connected objects. The challenge here involves rethinking the value chain, and enhancing the value of client data in order to personalize customer paths and the services of the future.
Sourcing support to move from single global outsource to a multi-sourced modem for a global bank
The client was coming towards the end of an existing global outsource arrangement for its networks and telecoms services. The existing contract wasn’t delivering value to the client and was causing multiple problems.
Designing and Implementing a Global Risk Control Framework
As part of its regulatory and risk remediation plan, an international financial institution requested Wavestone to define a global risk control framework that would enhance its anti-money laundering and financial sanctions controls on incoming / outgoing USD payments within the Corporate & Investment Banking business.
Developing a multi-geography cybersecurity strategy and implementation roadmap
As the result of a recent organizational transformation based on a FFIEC cybersecurity assessment, a global investment bank engaged Wavestone to define its Cybersecurity strategy and multi-year implementation roadmap of initiatives to enhance the bank’s cybersecurity practices in North and South America.
Enhanced Prudential Standards: Capital & Liquidity Management
When a global bank was in the process of establishing an IHC (Intermediate Holding Company), it requested Wavestone’s support in driving the development and implementation of its newly developed CCAR program to ensure all regulatory requirements are captured and delivered across their IHC platform.