Financial Services

We can help you stay focused on the future of financial services - one that is stronger, fairer and more sustainable.

Now more than ever, as we plan for a post-COVID-19 world, financial services will need to harness the power of technology to transform and grow, while meeting future customer expectations.

Our strength lies in the proven power of our people and technology, and the possibilities that arise when they converge to reframe the future. Our deep sector knowledge combined with a holistic point of view delivers true value from strategy through to implementation. Whether your business challenge is simple or complex, small or large, we can be trusted to deliver solutions that work - today and tomorrow.

We are helping clients build stronger and more sustainable financial services. It’s how we play part in building a better working world.

Technology enabled business transformation

How intelligent automation can empower employees to drive greater value

A banking client wanted to automate some of their business processes: EY provided a route to a much more comprehensive vision of automation.

27 Jul 2021 Ayman Awada

How banks can maximize long-term value by minimizing third-party risk

Working with third parties is necessary but brings risk. EY helped a bank develop a centralized approach to their third-party risk management.

8 Jul 2021 Andrea Romani

How wealth managers transform service models efficiently

EY helped a global wealth manager create innovative services and initiate a digital transformation to support its client-first ambition.

2 Jul 2021 Thierry Groues

Sustainability in financial services

A sustainable world needs sustainable finance. We are helping to build a better financial services industry – one that is stronger, fairer and more sustainable by helping organizations to create value, accelerate the transition, and make a measurable difference.

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Our latest thinking

COVID-19 in Financial Services

COVID-19 is an unfolding event bringing uncertainty to every boardroom. Our financial services teams are here to help you navigate through the disruption, responding to current volatility, building enterprise resilience and supporting the long term recovery.

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Financial Services, EMEIA

Across Europe we train and nurture inclusive teams to develop minds that can transform, shape and innovate financial services. Not just for today but for the future.

Minds made for transforming financial services.

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Explore Financial Services

Featured

Will the road to recovery lead to an economy that's revived or reimagined?

How EY can help

FinTech and Ecosystems

EY teams work with FinTech innovators, incumbents and investors to create the digital future of financial services. The potential for financial innovation is almost limitless and we are helping clients navigate the digital ecosystem to help create long-term value.

Finance Transformation in insurance

EY teams help insurers transform finance functions to become active leaders and value creators for the entire business.

Customer Tax Operations and Reporting Services

Meet your customer-related regulatory obligations through our integrated suite of end-to-end customer tax operation services.

IFRS 17 Reporting and Calculation Platform (RCP)

Our easy-to-use platform helps insurance firms be compliant with the IFRS 17 standard.

EY Mobility Pathway Business Traveler

EY Mobility Pathway Business Traveler is a banking regulatory compliance module that identifies pre-travel cross-border risks based on the traveler’s profile, itinerary and activities.

Managed Services

EY Managed Services revolutionizes non-core but board-critical activities with easy-to-integrate solutions. With a combination of people- and asset-based outsourcing for tax, legal, risk and compliance, finance and beyond, we help financial services companies transform and build long-term value.

EY Nexus for Insurance

EY Nexus is a cloud-native platform offering access to the most advanced technologies in insurance. With EY Nexus, insurers can launch new products, new business models and even entirely new brands in 12 months or less.

Corporate, Commercial and SME Banking services

Rapid technology advances are reshaping the entire banking ecosystem, and Corporate, Commercial and SME (CCSB) banking sectors are not immune. EY is helping banks shift their focus back to growth, placing an increased emphasis on client experience, new technology and operational efficiency.

Digital transformation

We collaborate with insurers on technology transformation programs and the deployment of digital tools. From concept to implementation, we work with you to develop strategies that optimize performance, drive efficiency and enhance quality.

Private equity value creation services

Our hands-on value creation leaders work at pace to help PE companies and sponsors deliver their investment case by accelerating cash and profit improvements from ideation to results.

Digital enterprise transformation

Unlock the advantages of the digital era to harness innovation, drive operational efficiencies and grow your business.

Financial crime operations

Our skilled teams enabled by innovative technology and flexible global delivery service centers can help you manage financial crime risk in a cost-effective, sustainable way.

Operational efficiency

We help you implement strategies to improve efficiency across your firm’s value chain, increasing margins while reducing long-term costs and risk.

Technology-enabled transformation

We help you effectively harness the power of technology to simplify, rationalize and centralize your firm’s operations, clearing the way to improve efficiency and extend product capabilities to attract new investments.

Global Regulatory Network

Our Global Regulatory Network, consisting of former regulators and bankers from the Americas, Asia and Europe, provides strategic insights on financial regulation that helps clients adapt to the changing regulatory landscape.

Payment services

The global payments industry is undergoing major change and transformation, driven by changing customer demands. Our global network and proven expertise can help you manage the disruption along the entire value chain within cards, payments, digital commerce and digital convergence.

Cost transformation

Banks that redefine their cost base and rethink operating models are best positioned to strengthen profitability for the long term. From strategy to implementation, EY can help deliver enterprise-wide and business-unit-specific cost transformation programs for banks.

Case Study

The better the question The better the answer The better the world works

Case Study

Enabling a leading global bank to thrive by embracing the cloud

We explored how public cloud can transform the finance function, without breaking the bank.

Case Study

The better the question The better the answer The better the world works

Case Study

How can public cloud transform the finance function, without breaking the bank?

For many businesses, the legacy of old IT infrastructure is a burden.

Too expensive to overhaul, yet costly to maintain. Years of upgrades have made it difficult to keep up with today’s demands, making it time-consuming for teams to do their jobs and add real value where it counts.

Our client, a leading global bank, realized that to stay competitive and profitable, it had to modernize its entire finance function. Cutting costs was crucial, but above all, they recognized that their existing processes left them less able to fulfil customer and stakeholder demands.

Previous experiences with technology had left them wary of change. Their question: how can we transform our finance function without breaking the bank?

Case Study

The better the question The better the answer The better the world works

Case Study

Focusing on long term goals and adding value where it matters

Over eight weeks, we invited the bank’s change leaders to EY’s dedicated Innovation hubs.

We brought together talent, capabilities and insights from across EY’s service lines to encourage innovative thinking and focus on the bank’s long-term goals. These sessions led to the design of 20 different tools enabled by public cloud technology. When delivered with the right training and cultural change initiatives we calculated powerful results, reducing the cost of the finance function by up to 30%.

The move to public cloud was integral to this success. While many financial services organizations already use private cloud, this is managed by the business themselves, so subject to the same failings as traditional IT infrastructure. Public cloud vendors spend billions each year on their own infrastructure, workforce and cyber security. By embracing the possibilities of public cloud, our client can tap in to unlimited capacity available on demand, whilst paying as they go – safely and securely.

Public cloud will rapidly transform the business by advancing new systems and automating the more mundane aspects of the finance function – freeing up staff to spend more time on value-add tasks. The bank can now execute three times the amount of data in a quarter of the time, at 5% of the cost. This will give a transparent view of the business, with real-time access to numbers from across the organization, allowing them to attain quicker insights, manage risk and improve forecasting.

But cloud isn’t just a space for data. With technologies such as AI requiring huge processing capabilities, power and speed, cloud is the infrastructure that makes it possible. With their adoption of public cloud and new technologies, our client can focus on enabling a new eco-system that’s competitive, customer-centric and digitally enabled.

How EY can help

Creating a center of excellence for robotics

Case Study

The better the question The better the answer The better the world works

Case Study

Meeting customers’ expectations in an ever-changing landscape

In an industry where the fastest competes with the biggest, cloud is an important part of the solution. Customers expect instant and personalised service no matter the size of the organisation.

Dramatic changes to the financial services landscape have made it necessary for traditional banks to adopt emerging technologies and public cloud can be the enabler.

In helping the bank adopt public cloud in its finance function, we have given them the tools to be safer, more secure, more responsive and more efficient. This allows them to free up existing teams and investment to focus on activities that will make the most difference to their customers.

Public cloud was the silver lining needed to transform this finance function and it all started with a powerful question.