Relentless technological change and ever-evolving regulatory requirements mean banks now operate in a high-velocity, always-on environment. The global pandemic intensified disruption, making banks search for ways to build resilience, identify opportunities, and manage risk.
Costs and complexity are increasing due to stricter regulations hampering investments in areas that matter for growth. Developing future-proof business models that are embedded in customers’ lives with distinctive and personalized experiences will be key, as will having a sustainable economic model that is less capital-intensive and more focused on growth.
This increased complexity makes cost-cutting measures through solutions like automation, process optimization, RPA, and others, more important than ever. Alongside this, IT is still struggling at large banks with legacy decommissioning, moving to the cloud and building an actual partnership with their strategic IT vendors. These vendors themselves have difficulties in retaining talent, increasing risks around maintaining expected service levels and required output.
Attracting talent and people retention are high priorities for banks. Talent is the heart of the future-ready bank where strong workforces and talent acquisition have major impacts on performance.
In addition, ESG is a key driver for a long-term successful future. On top of imminent regulation, firms face reputational and financial risk if they fall behind on ESG performance. Sustainable finance is therefore of the highest priority. Even so, evidence-based decision-making around ESG with solid tracking mechanisms remains difficult.
We support and advise financial institutions in developing their digital strategies and leveraging data to optimize processes and meet customer needs.
Switching from a project-oriented way of working to a product-centric organization can help financial services firms meet customer needs, improving innovation and agility while promoting better use of resources. Eraneos can help you get to the next level: transform into a product-centric organization.Read more
Optimizing your costs and improving efficiency by helping you make strategic decisions on sourcing your business processes, IT organizations and procurement organizations, including BPO, ITO, Sourcing, and Procurement.Read more
Striking the delicate equilibrium between profitability and responsible resource management is no easy feat, and we guide you through each step. Explore insights on optimizing processes, meeting regulatory demands, and enhancing customer experiences, as we redefine operational excellence in banking. Join us on this journey towards a future where efficiency is paramount.Read more
We help you face today’s IT challenges: automation, data, analytics, process mining, Low Code, Cloud, DORA, etc. And help you keep a handle on cybersecurity risks with zero-trust architectures and security solutions.Read more
The experience you deliver and how it makes people feel are crucial. Unfortunately, most banks fall short in this area, leading to a loss of customers and business. We help you discover unmet needs and intentions to craft an enjoyable and exciting interaction.Read more
Web 3.0, Blockchain, and distributed ledger technologies are here to stay. Banks need to engage to realize the potential of each. Through our understanding of the Virtual Assets landscape, we support you from the first ideas to implementation.Read more
Banks need a modern compliance operating model with transparency, effectively managed risks and appropriate controls. We help you implement new technologies, and realign or streamline compliance processes to allow human professionals to better focus on relevant risks.Read more
On top of imminent regulation, firms face reputational and financial risk if they fall behind on ESG performance. Our integrated approach helps you define a vision, maximize ROI and get things done through evidence-based decision-making with solid tracking mechanisms.Read more
Today, value is created more in ecosystems than in a singular product or service. As a bank, you can capture this opportunity with the right strategy, building partnerships & ecosystems, while investing in the right technologyRead more
Our strong combination of industry-specific know-how and technological understanding has empowered multiple customers in the banking industry.
For expert insights into digital transformation, cutting-edge technologies, research and more, visit our Knowledge Hub.
Agile organizations are characterized by their ability to quickly adapt to changing market conditions and customer demands, through the use of flexible, cross-functional teams and continuous learning and improvement.Explore this topic