Industries

Banking and Financial Services

Get closer to customers, drive operational efficiency and enable employees.

TopBar Map BottomBar
Top Story

Alternate Title

Digitization initiatives are focused on fundamentally changing the entire banking technology stack, including reimagining the business with a customer-centric lens. Collaboration with external partners such as fintechs, advisors, third-party developers and other technology partners allows banks to join new value chains to create a banking ecosystem. If implemented correctly, this can wholly redefine how customers use banks to drive even greater value.

Read more

Banking operations for a customer-obsessed industry

Let us help you find and implement the right technologies to improve your customer experience, optimize data and transform your business model.

Enhance the customer experience

Design the contact center of the future
Simplify and automate processes
Implement Agile product development & measure its impact
Design & implement the right Op. Model to drive speed to market
Design & implement the right CX strategy

Improve efficiency and leverage third parties

Modernize application & cloud strategy
Design next-generation sourcing & supplier ecosystem models
Monetize assets
Baseline key technology metrics against the market
Assess, recommend and implement automation

Increase employee
productivity

Measure, benchmark & track employee experience
Design & implement new ways of working
Assess, recommend & implement the right collaboration tools
Training as a Service
Measure, benchmark & track transformation

Featured Insights

Less complexity, more savings

Share: Print

Process improvements yield $13.2 million in savings for a financial services leader.

Opportunity
Opportunity

Our North American-based financial services client needed to reduce costs in its application development function, while improving process efficiency and reducing the duration and complexity of projects.

Imagining IT Differently
Imagining IT Differently

ISG did a benchmark assessment of the client’s AD function relative to industry peers, top-performing global organizations and its own past performance. The client’s development unit costs were found to be more than three times higher than industry peers and seven times higher than global top-performing organizations; a performance gap that was driven primarily by project size.

Button-CS-Future
Future Made Possible

  • Savings of more than $13 million—or 19 percent of total analyzed costs
  • Improved processes and management for application development projects
  • Incentive structures for schedule adherence
  • Process and management improvements that shortened project cycle times
  • Increased productivity
Share:

Watch for More Insights

Trends Shaping the Financial Services Industry

Important Factors for Digital Success

Client Stories

Less Complexity, More Savings

Jul 20, 2021, 15:37
Process improvements yield $13.2 million in savings for a financial services leader.
Title : Less Complexity, More Savings
Alternate title :
Section 1 Title Override :
Section 2 Title Override :
Section 3 Title Override :
Our North American-based financial services client needed to reduce costs in its application development function, while improving process efficiency and reducing the duration and complexity of projects.
ISG did a benchmark assessment of the client’s AD function relative to industry peers, top-performing global organizations and its own past performance. The client’s development unit costs were found to be more than three times higher than industry peers and seven times higher than global top-performing organizations; a performance gap that was driven primarily by project size.
  • Savings of more than $13 million—or 19 percent of total analyzed costs
  • Improved processes and management for application development projects
  • Incentive structures for schedule adherence
  • Process and management improvements that shortened project cycle times
  • Increased productivity
Categories :
  • Banking & Financial Services
Article flags :
iStock-502733644 ledger iStock-502733644 ledger
Featured Event

TechXchange: Banking, Financial Services & Insurance 2021

Watch the ISG TechXchange: Banking, Financial Services and Insurance replay to discover the trends that are defining the financial services industry today and in the future.

Learn more

Meet Our Banking and Financial Services Team