A number of current crises are rapidly impacting the financial services sector landscape. Geopolitical instability and the current economic landcape are taking their toll on the industry. These factors make it extremely challenging to make decisions on future investments and safeguard the existing business. Against this dynamic backdrop, resilience and risk management have never been more crucial than today. However, with regard to the revived interest rate environment as well as the ongoing technology and sustainability transformation of the sector, the current market also offers opportunities for faster, more profitable growth. As inflation is driving up both administrative expenses and transformation costs, these increases need to be compensated by productivity and efficiency gains, thereby also helping financial services companies to bridge the talent gap.
To remain competitive in the long term, financial services providers need to invest into a core business strategy built around their USPs. On top of that, it is equally important to recruit and retain the best talent over the long term, and to build a strategic real-time risk management framework capable of coping with the multiple underlying geopolitical and macroeconomic forces. The basic preconditions for financial services providers to manage their transformation to customer-centric, platform-based business models are a willingness to make bold investment (and refinancing) decisions and a commitment to pursue efficient cost management.
We help our clients to be profitable and commercially viable, and to drive sustainable growth through transformation. We identify and strengthen their core capabilities, develop tailored business models, and support them in driving technological change. Our experts also leverage the broad cross-industry expertise within Strategy& to develop and implement ESG strategies for companies in the financial services industry.
