Market situation in Banking

Established banking business models are facing disruption from fintech companies across various sectors. The value chain is shifting towards these new market players. In an industry that is already largely digitized and continuing to undergo digitalization, technological progress remains a significant driving force. Banks are aggressively transforming their core positioning through more efficient customer journeys, end-to-end process digitization, robotic process automation, and gradual portfolio expansion.

Simultaneously, fintechs and technology companies are challenging the customer interface of traditional banks. Platform offerings are pushing traditional banking services into the background, encouraging platform users to avail themselves of the providers' own services. The increasing competition is further accelerated by cost-effective white-label platforms offering full-service banking solutions to non-banking entities. Alongside the challenges posed by intensifying competition, regulatory requirements pertaining to transparency, complexity management, and risk governance for market participants are also on the rise. While banks cannot control technology and market developments, they can respond institutionally to these changes. Leveraging our extensive expertise, continuous market and trend monitoring, and proven frameworks, we can support companies in calibrating their organizational and technological measures to the best possible effect.

Industry Passion

Our methods are specifically tailored to address the unique challenges faced by our clients. We employ proven frameworks for technology transformation, ensuring support in making organizational management decisions. By evaluating technology and innovation potentials, as well as assessing organizational and cultural conditions, existing structures, and processes, we lay the foundation for deriving actionable measures. All our efforts are geared towards achieving enhanced agility, a crucial differentiating factor in the competitive landscape. Through the evaluation of technical debt, IT architecture reviews, and scrutiny of sourcing strategies, we assist our clients in achieving sustainable system development and maximizing success in an increasingly competitive environment.