DeNovo

A platform to understand how disruption impacts business strategy and what actions to take

 

The DeNovo platform

DeNovo represents the next generation of strategy consulting — a new platform focused on the impact of FinTech innovation on Financial Services firms.

The rapid emergence of disruptive technologies and new business models requires a modern way of delivering strategic advice, when and where you need it. Get real-time, relevant content and insights delivered to you via web, mobile, and direct interaction with our team of innovation strategists.

We combine research with proprietary insights in a customized platform to help you build better business strategies

  • Dedicated
    expertise

    DeNovo's dedicated team of professionals analyzes data and provides strategic insights.

    • Experienced subject matter experts in FinTech: Banking, Insurance, Capital Markets, Asset Management and Payments
    • Over 50 strategists, equity analysts, engineers, and technologists
    • Global network of 200,000 professionals
  • Providing context and advice

    DeNovo cuts through the noise to explain which startups, technologies, trends and new market entrants are relevant to you and why.

    • Over 40,000 public and proprietary data sources are synthesized
    • Insights are based on your specific interests and business needs
    • Actionable findings highlight where the opportunities and threats lie and what to do about them
  • Dynamic and customized

    DeNovo provides intelligence in the context of your business.

    • Analysis is provided real-time to keep you current on the ever changing tech landscape
    • Emerging technologies, business models, processes, and trends are identified, updated, and pushed to you based on your preferences and business interests
Next section

DeNovo answers critical questions

DeNovo helps our clients see where innovation is impacting their business. CEOs, CTOs, Business Unit Heads, Heads of Strategy and other key decision makers use DeNovo to understand and answer these questions:

  • Which of my business units is most impacted by innovation?
  • Where in my existing value chain is innovation impacting my business?
  • How is this innovation happening? What underlying technologies are enabling these innovations?
  • What should I do about it? How does innovation impact my IT / operations strategy?

DeNovo delivers industry analysis and strategy consulting on a real-time basis. It’s like having an extra analyst on your team to help you answer these questions.

Next section

How you can use DeNovo

Decision-makers need to cut through the noise in FinTech innovation to translate disruption into strategy. These use cases illustrate possible ways DeNovo can help you meet your specific business needs, whatever your role.

 
  •  
    CEO
  •  
    CTO
  •  
    Business
    unit head
  •  
    Head of
    innovation
  •  
    Head of
    strategy
  •  
    Head of
    digital
  •  
    Private equity
    investor

The CEO of a regional property and casualty insurance company with limited resources wants to deploy a build-or-buy strategy that will let the firm keep up with the competition despite a smaller technology spend. DeNovo can support that strategy by helping the CEO determine where to innovate — for example, self-service tools for customers, analytics-as-a-service, and predictive modeling. DeNovo can then elevate the leading options and help the CEO find potential partners in less time for efficient, cost-effective action.

The CTO of a global capital markets firm realizes that multiple emerging digital technologies are poised to upend the industry’s traditional way of doing business. He needs to familiarize his team with those technologies while assessing the companies operating in this new space— for example, niche blockchain vendors who specialize in rapid, secure authentication of cross-border settlements. DeNovo can help the CTO find the best match between vendor and use case and alert the firm over time as better contenders enter the marketplace.

A business unit head at a lender has been so preoccupied by regulatory issues that he has little time to generate suggestions about improving customer experience and lowering costs in advance of the department’s upcoming annual planning meeting. DeNovo’s analysis from PwC Subject Matter Experts can provide him with an understanding of specific technologies and trends to increase customer engagement and lower the cost of fulfillment and servicing — and help him identify specific companies that are focused on those areas of innovation. With DeNovo’s help, he could arrive at the planning meeting ready to present a list of potential technology partners and the specific business benefits each one could deliver.

The head of innovation at a payments firm is always looking for start-ups and new market entrants with long-term promise. Using DeNovo, she can identify innovators around the world and leverage PwC’s analysis for early-stage due diligence. The firm may save time and money on evaluation while zeroing in on a short list of promising partnership and acquisition opportunities in areas ranging from mobile wallets and cryptotechnology-as-a-service to advanced fraud detection.

The head of strategy at a multi-line financial institution fields multiple emails each day from the CEO, who wants instant perspective on companies and new concepts in the news. DeNovo can help her elevate urgent requests for specific information into a broader strategic conversation that includes assessments of the implications of various trends and technologies as well as a recommendation on what to do about them. By supplementing in-house analysis with the best of PwC’s broad expertise, she could give the CEO well-rounded and relevant answers — in minutes.

The head of digital client experience at a wealth management firm is concerned about deploying new digital experiences to attract millennial clients without alienating older clients who are less technology-savvy. The firm could use DeNovo to monitor trends, evaluate the maturity level of various technologies, and identify market leaders so it can make wise decisions about where to focus its business development efforts. This would enable the firm to adopt best-in-class digital experiences that improve retention of existing clients while attracting younger ones who are exploring wealth management services for the first time.

A private equity firm wants to deploy a roll-up strategy combining several FinTech start-ups into a single investment thesis. DeNovo’s Innovation Nexus can make it easier for the firm to evaluate specific companies in the context of industry-specific trends, technology topics, business models, and processes — then drill down to identify entire groupings of companies whose offerings can complement and enhance each other. As a result, the firm could model their fund more holistically around a theme or objective.

Next section

DeNovo offers five financial services modules, covering innovation in FinTech:

  • Banking services

    • Small & Medium Business Banking
    • Small & Medium Business Lending
    • Cash & Treasury Management
    • Commercial Real Estate
    • Other Wholesale Lending
    • Auto Finance
    • Deposit Products
    • Residential Real Estate
    • Student Lending
    • Other Retail Lending

    Investment & Wealth Management

    • Hedge Funds & Fund of Funds
    • Private Equity & Venture Capital
    • Traditional Funds
    • Private Banking
    • Retail Wealth & Brokerage Services
  • Capital markets

    • Advisory Services
    • Origination
    • Sales & Trading
    • Alternative Investment Exchanges
    • Inter-Dealer Brokers
    • Market Exchanges
    • Market Utilities
    • Custody & Asset Servicing
    • Trading & Execution

    Insurance

    • Employee Benefits
    • Individual Life and A&H
    • Retirement Savings Benefits
    • Auto Insurance
    • Commercial Insurance
    • Personal Coverage (Non-Auto)
    • Reinsurance

    Transaction and payment services

    • Card Issuing & Processing
    • Funds Transfer, Remittance, and Bill Pay
    • Merchant Acquiring & Processing
    • Payment Networks
    • Point of Sale and Online Checkout Solutions
Next section

Our Experts

<div class="name">Daniel Eckert</div><div class="description"><h3>Managing Director, Emerging Technology Group</h3>

<p>Daniel leads PwC&rsquo;s Emerging Technology Group, designing and implementing disruptive technologies, mobile applications, context aware computing, and large-scale technology transformations for our clients globally. Over a 30 year career, Daniel has led&nbsp;both hardware and software development efforts across many different industries.</p>
</div> <div class="name">Subhankar Sinha</div><div class="description"><h3>Director, Blockchain Co-Leader</h3>

<p>Subhankar is a subject matter specialist and co-leads the execution efforts of PwC&#39;s blockchain&ndash;and smart contract-related engagements in the US. He has over 16 years experience providing consulting services to large global companies in the US, UK, Germany and India and helping emerging technology startups define their business model and go-to-market strategies. &nbsp;</p>
</div> <div class="name">George Hodges</div><div class="description"><h3>Director, Banking and Payments Lead</h3>

<p>George brings over 30 years of experience as a bank consultant, FinTech startup executive, and strategic partner in mobile/emerging payments, consumer lending, and omni-channel ​customer delivery, working hands-on with FinTech innovators and financial services incumbents to drive digital transformation and successfully bring new programs to market.</p>
</div> <div class="name">Musarrat Qureshi</div><div class="description"><h3>Director, Banking Lead</h3>

<p>Musi covers Banking Services with expertise spanning commercial, small business, and consumer banking. She supports the DeNovo platform, provides relevant content, and works with clients to understand the impact of innovation on their businesses. Musi brings 15 years of experience with global and regional banking institutions.</p></div> <div class="name">Dean Nicolacakis</div><div class="description"><h3>
	Principal, Co-Leader of FinTech Practice</h3>
<p>
	Dean brings more than 25 years of advising executive teams on industry innovation and disruption, customer experience, digital strategy, and delivery channel transformation, across retail banking, payments, lending, and brokerage.</p>
</div> <div class="name">Haskell Garfinkel</div><div class="description"><h3>Partner, Co-Leader of FinTech Practice</h3>
<p>Haskell has more than 18 years of working with technology and financial services clients to create technology-enabled business solutions to empower executive teams to rapidly adopt innovation and accelerate past the competition.</p></div> <div class="name">Michael Raneri</div><div class="description"><h3>
	Managing Director, Investment Services and Capital Markets Lead</h3>
<p>
	Michael brings both Wall Street and Silicon Valley experience as a former CEO, board director, and private equity investor in financial services and technology firms. Previously, Michael was the CEO of Venovate and Zecco, SVP at Charles Schwab, and Vice Chairman and Board Member at TradeKing.</p>
</div> <div class="name">Aaron Schwartz</div><div class="description"><h3>
	Head of FinTech Research and Analysis</h3>
<p>
	Aaron brings more than 14 years of experience in technology research and equity analysis. He was previously an equity research analyst covering technology at Macquarie, Jefferies, and JP Morgan. Aaron has authored multiple widely followed thematic publications and has appeared on CNBC.</p>
</div> <div class="name">Christopher Curran</div><div class="description"><h3>
	Partner, Chief Technologist</h3>
<p>
	In Chris&#39; role as PwC&rsquo;s Chief Technologist, he advises clients on emerging technology innovation and adoption and leads the firm&rsquo;s Digital IQ research and Emerging Tech Labs. He publishes a widely read blog, CIO Dashboard, and is a frequent contributor to events and publications.</p>
</div> <div class="name">Javier Baixas</div><div class="description"><h3>Director, InsurTech Lead</h3>

<p>Javier collaborates with the PwC FinTech practice in the development of an insurance value proposition which includes the development of a strategic FinTech platform to help clients to envision how they can take advantage of the innovation trends, shape their InsurTech strategies, and get involved with relevant startups. He has over 16 years of experience across P&amp;C, Commercial and Life.</p>
</div>

Our Experts

  • Dean Nicolacakis

    Principal, Co-Leader of FinTech Practice
    Dean brings over 25 years of advising executive teams on industry innovation and disruption, customer experience, digital strategy, and delivery channel transformation, across retail banking, payments, lending and brokerage.
    contact >
  • Haskell Garfinkel

    Partner, Co-Leader of FinTech Practice
    Haskell has over 18 years of working with technology and financial services clients to create technology-enabled business solutions to empower executive teams to rapidly adopt innovation and accelerate past the competition.
    contact >
  • Michael Raneri

    Managing Director, Investment Services and Capital Markets Lead
    Michael brings both Wall Street and Silicon Valley experience as a former CEO, board Director, and private equity investor in Financial services and technology firms. Previously, Michael was the CEO of Venovate and Zecco, SVP at Charles Schwab, and Vice Chairman and Board Member at TradeKing.
    contact >
  • Menekse Gencer

    Director, Payments Lead
    Menekse is a recognized payments thought leader with 23 years of expertise in strategy and development of payment innovations and mobile services globally, playing key leadership roles to launch PayPal Mobile and bKash (a leading mobile payments solution for emerging markets).
    contact >
  • Subhankar Sinha

    Director, Blockchain Co-Leader
    Subhankar is a subject matter specialist and co-leads the execution efforts of PwC's blockchain–and smart contract-related engagements in the US. He has over 16 years experience providing consulting services to large global companies in the US, UK, Germany and India and helping emerging technology startups define their business model and go-to-market strategies.
    contact >
  • Daniel Eckert

    Managing Director, Emerging Technology Group
    Daniel leads PwC’s Emerging Technology Group, designing and implementing disruptive technologies, mobile applications, context aware computing, and large scale technology transformations for our clients globally. Over a 30 year career, Daniel's has lead both hardware - and software development efforts across many different industries.
    contact >
  • Aaron Schwartz

    Head of FinTech Research and Analysis
    Aaron brings over 14 years of experience in technology research and equity analysis. He was previously an equity research analyst covering technology at Macquarie, Jefferies and JP Morgan. Aaron has authored multiple widely followed thematic publications and has appeared on CNBC.
    contact >
  • Christopher Curran

    Partner, Chief Technologist
    In Chris' role as PwC’s Chief Technologist, he advises clients on emerging technology innovation and adoption and leads the firm’s Digital IQ research and Emerging Tech Labs. He publishes a widely read blog, CIO Dashboard, and is a frequent contributor to events and publications.
    contact >
DeNovo
© 2016 PwC. All rights reserved.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.