Banking and capital markets strategy consulting

What EY-Parthenon banking and capital markets strategy consulting team can do for you

Banking and capital markets are at a pivotal moment. We’re in a time of change and simultaneous disruption from different spheres of the business. Consolidation, deregulation, digitization, blockchain and fintech disruption are all in play. And another significant trend vying for corporate attention is changing customer preferences for a more digitally integrated banking experience based on sustainable practices. 

To thrive today and in the future, traditional banking models must be reimagined. For example, consumers will never return to their pre-pandemic way of banking. Now consumers want to do their banking online. So banks must become fully digital on the front end of the business as well as in the back office. Also, as blockchain and cryptocurrencies gain in popularity, banks must innovate to stay relevant in asset distribution, including the ever-increasing knowledge accumulation from data. Banks must also deal with increasing competition from agile FinTech in the lending space. Currently, FinTech with fewer governmental restrictions can make quick decisions when dealing directly with consumers. This disruption in loan origination threatens the very core of banking. And consolidation and partnering are also taking place to help provide new and needed capabilities such as AI. Still another concern is that sustainable business practices are a priority. Environmental, social and corporate governance (ESG) is predicted to be an important deciding factor in future capital investments. Bottom line, growth opportunities abound but they must be both identified and acted upon quickly to be fully realized.

How do EY-Parthenon banking and capital markets strategy consulting help? With years of experience in the financial services industry, we are cognizant of both the current industry pressures and risks as well as where new opportunities lie. Our goal is to help you:

• Identify new growth markets and growth opportunities such as in health care payments or SME banking.
• Leverage strategic partnerships and develop ecosystem strategies to better serve and meet your customers’ needs.
• Deepen your customer relationships and expand your customer base through the identification and evaluation of new digital and crypto capabilities as well as building new product capabilities such as buy-now-pay-later (BNPL).
• Realize your ambition by developing an innovative strategy that will deliver long-term value and support its implementation.

EY-Parthenon’s core capabilities of strategy, transactions, turnarounds and digital transformation exist to help your financial service firms achieve their full promise.