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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

Featured Insights

Scope assessment saves millions

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For this financial services firm, taking a second look at contracts with multiple vendors saves money and improves control.

Opportunity
Opportunity

A large Canadian financial institution managed a high volume of printing through agreements with several vendors and ran many contact centers from Canada to South America. The client’s Category Management group wanted to assess the total lifecycle costs, existing processes and delivery platforms.

Imagining IT Differently
Imagining IT Differently

ISG initiated two work streams. For print, ISG reviewed contracts, buying relationships and underlying processes. We then made recommendations that delivered the same quality the firm had come to expect with improved control and more than 35 percent lower cost. For the contact centers, ISG assessed current operations and future strategies and provided order-of-magnitude opportunity sizing for several alternative delivery models.

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Future Made Possible

  • Potential savings of more than $100 million out of a budget of approximately $600 million
  • Improved pricing and terms of contracts at renegotiation
  • Better identification, selection, negotiation and management of vendors
  • Significant process efficiencies throughout the source-to-pay cycle
  • Identification of further gains that might be achieved through off-shore outsourced delivery
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Client Stories

Scope Assessment Saves Millions

Jul 20, 2021, 15:40 PM
For this financial services firm, taking a second look at contracts with multiple vendors saves money and improves control.
Title : Scope Assessment Saves Millions
Alternate title :
A large Canadian financial institution managed a high volume of printing through agreements with several vendors and ran many contact centers from Canada to South America. The client’s Category Management group wanted to assess the total lifecycle costs, existing processes and delivery platforms.
ISG initiated two work streams. For print, ISG reviewed contracts, buying relationships and underlying processes. We then made recommendations that delivered the same quality the firm had come to expect with improved control and more than 35 percent lower cost. For the contact centers, ISG assessed current operations and future strategies and provided order-of-magnitude opportunity sizing for several alternative delivery models.
  • Potential savings of more than $100 million out of a budget of approximately $600 million
  • Improved pricing and terms of contracts at renegotiation
  • Better identification, selection, negotiation and management of vendors
  • Significant process efficiencies throughout the source-to-pay cycle
  • Identification of further gains that might be achieved through off-shore outsourced delivery
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  • Banking & Financial Services
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    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.

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    Meet Our Banking and Financial Services Team