Delivering long-term value from banking innovation

Change is entrenched in today’s banking business model. Updates to banking regulation, increasingly global structures, new focus on conduct risk, the drive to develop a digital strategy, the need to put the customer experience at the centre of operations – all are transforming the financial services industry and individual institutions alike.

For banks, the challenge is to develop and implement a clearly differentiated customer proposition, while cutting costs, streamlining operations and evolving processes and systems to support them. But there are opportunities too: the chance to take a strategic view of the future, and develop a long-term position that aligns banking services with society’s varying needs.

Baringa works with some of the biggest and best-known financial institutions and established niche players to create sustainable strategies for managing these changes. Our experience across corporate banking, retail banking, and wealth management and private banking gives us a complete view of the ways banks are organised and the potential for efficiencies.

We help clients identify potential profit centres, product synergies and process improvements, and develop the programmes to realise the potential benefits. Our goal is always to work collaboratively with our clients to enable them to solve their own, unique challenges and implement long-lasting change.

Financial incentives

The Financial Conduct Authority (FCA) will publish the findings of its latest thematic review into the use of financial incentives schemes in Q1/Q2 2016. This review will look at the financial incentives schemes at both pure consumer credit firms, such as lenders; and firms whose consumer credit activities are ancillary to their main business, such as insurers and insurance brokers.

To download this Viewpoint please click here.

CMA provisional findings

Download our Point of View on the CMA provisional findings here.


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