Across the complex banking and capital markets industry, companies are under pressure to find new avenues for growth amidst continuing regulatory pressures and aging infrastructure. Post financial crisis, large banks had to address material legacy issues, clean up their balance sheets and bear the costs of new regulation, including significantly tighter prudential regulation through capital adequacy rules, while facing the pressures of a “lower for longer” interest rate environment.
These issues continue to be relevant, but the focus has now shifted toward adapting to the new world of “open banking” and big (or at least bigger) data, and investing heavily in technology to respond to nimbler, innovative models adopted by challenger banks and fintech players. In addition, banks of all sizes face the challenge of changing consumer behavior, driven by a combination of significant and increasing customer preferences for digital means of managing their finances and ongoing low engagement of most customers combined with a loss of trust in major brands.
GSI banking and capital markets specialists can help you navigate this environment and implement strategies that address regulatory reform, technological complexity, competitive dynamics, and market moves. We address industry issues by aligning our various consultative services to offer solutions to the challenges of the new normal.