Financial Institutions
The current financial crisis has done more than destroy value—it has redefined what financial institutions must do to compete and win. To succeed in this new environment, financial institutions need to answer some critical questions:
- How is the structure of the financial services industry evolving?
- What new business models are emerging?
- How is this crisis changing customer behavior in terms of product preferences, risk tolerance, and the perception of financial institutions?
- How do we better understand and manage risks in our businesses?
- How do we transform our cost structure to better align with reduced margin expectations?
Our practice works with leading financial institutions around the world to help them improve their competitive advantage in these challenging times. Through close and candid collaboration with our clients, BCG strives to find the most creative, cost-effective, and strategically sound long-term solutions.
We have a strong global network and “on-the-ground” experience in all major markets. We are well known for our long history of cutting-edge research and thought leadership—including our periodic reports on retail banking, payments, wealth management, asset management, corporate banking, investment banking, value creation, and risk management. We also bring our clients a wide range of expertise in areas such as strategy, organization, marketing and sales, corporate development, operations, and information technology.