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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.

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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

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More growth, less cost

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With a benchmark assessment, a lender reduces operational costs by 24 percent.

Opportunity
Opportunity

The mortgage unit of a major North American bank sought to grow market share, increase customer satisfaction and reduce costs at the same time. To implement this ambitious strategy, the company needed to baseline its existing performance, identify operational constraints to its business objectives, define actions that would drive immediate benefits and chart a path towards long-term transformation.

Imagining IT Differently
Imagining IT Differently

ISG conducted a benchmark analysis of the client’s IT and business processes and compared the unit to other global banks. The results identified opportunities to improve productivity and quality and significantly reduce costs by streamlining business processes. More importantly, the analysis delivered financial transparency and defined the operational changes that would support the bank’s business objectives.

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Future Made Possible

  • Improvement recommendations that reduced operational costs by 24 percent
  • Operational strategy linked to business objectives
  • Roadmap for operational transformation
  • Current state/future state comparison to highlight necessary operational changes
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Trends Shaping the Financial Services Industry

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Client Stories

More Growth, Less Cost

Jul 20, 2021, 15:38 PM
With a benchmark assessment, a lender reduces operational costs by 24 percent.
Title : More Growth, Less Cost
Alternate title :
The mortgage unit of a major North American bank sought to grow market share, increase customer satisfaction and reduce costs at the same time. To implement this ambitious strategy, the company needed to baseline its existing performance, identify operational constraints to its business objectives, define actions that would drive immediate benefits and chart a path towards long-term transformation.
ISG conducted a benchmark analysis of the client’s IT and business processes and compared the unit to other global banks. The results identified opportunities to improve productivity and quality and significantly reduce costs by streamlining business processes. More importantly, the analysis delivered financial transparency and defined the operational changes that would support the bank’s business objectives.
  • Improvement recommendations that reduced operational costs by 24 percent
  • Operational strategy linked to business objectives
  • Roadmap for operational transformation
  • Current state/future state comparison to highlight necessary operational changes
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  • Banking & Financial Services
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    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.

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