The last few years have not been good for the financial sector. Various parallel developments have not only had a negative impact on the financial results of financial service providers, but have even massively undermined their business models.
Financial service providers are facing completely different challenges today than they did a few years ago. In order to remain fit for the future, solutions must be found to deal with the increasing complexity caused by increasing regulatory requirements and shortened technical innovation cycles. The overall situation is made even more difficult by the historically low interest period, which makes it more difficult for banks to achieve their return targets.
In the course of the financial crisis, confidence has been lost and the political will to intensify regulatory measures has increased. Companies that benefit from this are new non-bank and near-bank competitors from the digital environment. They are questioning conventional institutional models in finance due to increasing market shares.
Our experiences in the financial sector are based partly on long-term relationships with clients from the following industries:
Retail- & Private Banking
Private Equity Companies
Health-, Life-, Property- and Reinsurance Insurance
Making the right decisions in the current volatile environment is a major challenge for financial services providers.
Experts at ADVYCE have been addressing these challenges for several years and are helping their clients to actively shape this change.
We help our clients, for example, to map regulatory requirements in processes and organization, or to use digitalization as an opportunity. They could win new customers for their products with the “digital natives” and generate efficient and profitable growth even in times of low interest rates. We develop concrete recommendations for sustainable business models, marketing and sales strategies. We identify cost reduction potentials, create excellent structures and processes and accompany comprehensive transformation processes.
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