As we experience the biggest upheaval in the financial markets since the 1930s, banks and financial institutions are under severe pressure to reduce costs and improve efficiency and effectiveness. Many are working through the dynamics of mergers, acquisitions and divestitures. Nearly all are re-aligning their business support functions because of shrinking revenue, and the changing shape and size of their organizations. Sourcing, especially outsourcing and offshoring, can be an important tool to help enable this re-alignment to be achieved and can help deliver both absolute cost reduction and greater flexibility.
Financial institutions are different – they offer complex industry specific products supported by vertical processes delivered through multiple channels in a unique regulatory environment. Our dedicated Financial Services practice combines our expertise in Information Technology (IT), Human Resources (HR), Finance and Accounting (F&A) and Procurement with industry specific knowledge of banking, insurance and capital markets and a deep dive expertise in a range of Financial Services Operations (FSO) functions to help our clients significantly reduce costs and optimize service delivery through internal process improvements, shared services, outsourcing and global sourcing.
We provide the right mix of strategy and insight with practical support to help clients minimize risk and accelerate the process so they make timely and effective decisions in order to realize benefits and get to what matters most.
By using our structured methodology yet remaining flexible, we are able to adopt a modular approach and do exactly the work required. Ranging from hands on project management to light consultative services, we provide support across the entire process improvement lifecycle - from strategy and assessment to solution design and implementation, benefits realization and ongoing improvement and governance.
For over a decade, the world’s leading financial institutions have relied on EquaTerra’s advisory services to help them:
