Financial Services Strategy Consulting

Innovation is key to solving the tough challenges facing the financial services market today. Consolidation, shifting customer dynamics, sustainability needs and new digital capabilities are just some of the areas that demand attention now. EY-Parthenon financial services strategy consulting teams provide personal, actionable and transformative plans to help drive value-packed solutions.

How the last financial crisis has driven improved resilience of banks

Banking insolvencies during the 2008 financial crisis highlighted areas that needed strengthening in the wider banking regulatory framework.

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Man on top of natural rocky arch, Snaefellsnes peninsula, Iceland

The better the question

How can a long-term strategy stabilize a short-term crisis?

Experience navigating insolvencies during the financial crisis can inform the response to future shocks Continue reading

Symmetrical beach umbrellas as seen from directly above, Massa, Italy

The better the answer

Rebuilding trust requires attention to detail

Improving operational efficiency is key to recovering from a crisis – and can reveal more effective long-term solutions. Continue reading

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The better the world works

Building a more robust banking system through crisis

Lessons learned on operational and financial resilience could help banks weather the COVID-19 pandemic. Continue reading

What EY-Parthenon Financial Services Strategy Consulting teams can do for you

As the financial services industry transforms, EY-Parthenon financial service strategists see a unique opportunity to reset organizations for future success.

With global megatrends driving the changes, from climate change, the rise of Gen Z and tech innovation, we help design and deliver transformation strategies that work in the real world.

EY-Parthenon financial services strategy teams help financial services clients answer some of their toughest questions:

How do I pivot my business models through consolidation/direct models?
How do I adopt a digital asset strategy that provides the best chance to compete in the market?
How can I scale my (digital) business?
How can I expand my ecosystem?
How can I identify and manage strategic partnerships?
How can I align my ESG and business strategies to create long-term value?

With an eye toward competitive advantage, we support and unlock new value for clients through rigorous analysis, strategic advice and thorough implementation.

Our breadth of expertise and worldwide reach positions us to address key themes across the financial services industry, including long-term value creation, digital asset strategies, embedded finance, ecosystem-based models and sector convergence. As each sector has its unique challenges, EY-Parthenon financial services strategy teams have experienced professionals with specific expertise in:

This sector is undergoing a transformation — consolidation, the entrance of new, unregulated competitors, the influence of digitization and fintech on the lending market, cryptocurrencies, blockchain and the increased importance of sustainable finance.

Armed with deep market knowledge, future intelligence and proprietary tools, we help clients identify, select and onboard new partners, develop new digital assets, improve customer interaction and satisfaction, help in delivering value-added services for small and medium enterprises (SMEs), provide data-focused sales initiatives and find innovative ways to make sustainability a doable company priority. We even have developed a diagnostic assessment tool specifically for environment, sustainability and governance (ESG).

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“Change” is the key word in this sector as well. Consolidation of companies to gain market share and reach more high-net-worth individuals is on the rise. New product types (e.g., digital assets, ESG) are becoming increasingly popular with clients especially as sustainability grows in importance. Alternative asset managers, who experience minimal government oversight on their unique value propositions (e.g., cryptocurrency investments), are also disrupting traditional firms.

EY-Parthenon strategists advise clients on all of these changes. We help clients add value through potential partnership identification, deal-making and onboarding. We work with traditional banks and capital market players to develop new product investment strategies. We help improve customer service through new operations innovations.

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Currently enjoying a windfall as a result of the pandemic, insurers must now reconfigure their products due to trends such as ESG. As regulations change, less profitable annuity assets are being divested. Convergence between sub-sectors is occurring as insurance moves into the asset management space.

EY-Parthenon’s quarterly M&A market update is just one example of our deep sector knowledge. We advise our clients on potential strategic partnerships as well as smart divestitures. We also help clients rethink insurance business models as new priorities (e.g., environment and sustainability) become increasingly important and underwriting concerns change.

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EY-Parthenon financial service strategists are here to help. We will work with you to develop and implement a custom strategy for your financial services organization. Whether it’s creating an in-house venture capital arm, shifting your business model or partnering with others for mutual benefit, EY-Parthenon strategists will assist you through the entire process.

Change is an opportunity for growth. EY-Parthenon financial services strategy consulting teams can help your company envision a better future and help make it a reality.

EY-Parthenon Financial Services Strategy Consulting teams

Dustin Ball

EY-Parthenon Partner, Financial Services, Ernst & Young Transactions Limited

Focused on financial services, new market entry, and sales and marketing strategy.

Gaston Messineo

EY-Parthenon Americas Financial Services Leader

Problem solver and strategist. Lifelong learner. Tennis aficionado by choice. Soccer fanatic by birth.

Chicago, USA

Our latest thinking

ESG and access to capital: Why insurers must stay focused on ratings

As ESG funds continue to grow their assets under management, insurers with sub-par ESG scores risk losing a key source of capital.

Krisztina Bakor

How can sustainable finance transform 2050 pledges into real-world impact?

Financial institutions need a framework that allows them to anticipate seismic economic transformation and adapt their strategy accordingly. Learn more.

Tom Groom

Will financial services build ecosystems, or just be a participant?

As digital ecosystems redefine the global marketplace, financial institutions must decide what role they will play, or risk losing relevance fast.

Christopher Schmitz + 1

How to put purpose into action: five critical actions for insurers

The scope and complexity of ESG necessitate a set of purpose-led and pragmatic actions by insurers, including defining metrics. Find out more.

Explore EY-Parthenon Solutions

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Digital Strategy Consulting

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AI Strategy Consulting and M&A

AI strategy consulting teams can enable better and faster ROI for new products and services and help accelerate M&A. Find out more.
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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

EY-Parthenon is a brand under which a number of EY member firms across the globe provide strategy consulting services.