Protect your profitability and boost revenues
The banking industry faces disruption on all sides. From new players and digital business models to technology evolving at unprecedented speed and scale, the sector is constantly changing. But our research shows that digital maturity increasingly correlates with better efficiency. And that means rising returns on investment for banks willing to act boldly.
The decisions banks make today affect their business on many levels—immediately and into the future. Smart leaders recognize this. They’re willing to seize the opportunities a digital transformation can provide to maneuver their way through the uncertainty and position their business for greater resilience and productivity.
An important first step is to come up with a revised business strategy, in line with new finance and IT strategies, and communicate it clearly to shareholders, employees, regulators and communities. Each bank will have different requirements for governance, information management, process models, organization and people, the delivery model and technology. But wherever they’re located in the world, we recommend banks consider three foundational elements.
Consider three major foundations
Enable new banking now
Accenture’s cloud coupling architecture enables banks to transform their current legacy and SAP® systems and build a stronger foundation. It helps them develop innovative new products and services, quickly respond to market challenges and opportunities, reduce the total cost of ownership and better manage risk . Cloud coupling facilitates:
Jumpstart your cloud transformation journey
For banks looking to open new revenue streams, realize quick wins, access data instantly and enable innovation now, we recommend beginning with:
- A digital decoupling assessment. Swiftly evaluate the bank’s capabilities across a multitude of factors and prioritize where to focus.
- A silo-spanning assessment. Understand the full potential for new tech-led innovation, aggressive cost reduction and legacy decommissioning—with a clear focus on business transformation, value and resilience.
Banks don’t have to go it alone. Our banking consulting services are powered by deep industry experience and backed by a truly global presence. With 50 banking delivery centers around the world including India, Spain, China and the Philippines, wherever you are, we’re there with you.