Financial Services – Banking and Insurance
Financial Services markets are undergoing significant change.
The financial crash of 2008/9 brought the banking industry under greater scrutiny than at any time during its history. Since then, new capital requirements, a low interest rate environment, risk appetite, structural change within investment and retail banking, and significant disruptive technology changes in the front and back office that are creating new FinTech market entrants, have made banks re-think their models, their customers and customer relationships, and their future strategic directions and opportunities.
The insurance industry has and is undergoing similar disruptive change. Consumer buying behaviour, the shift to online, smart technologies for insure-as-you-go models, disruptive InsurTech market entrants, and the emergence of IoT connected insurance models, have all created a new dynamism in a market that insures everything from crops to cars, houses to horses, people to technology platforms.
And with blockchain, crypto currencies and the steady leveraging of machine learning, algorithms and AI technologies to make decisions, predict trends, evaluate risk, and place investments, industries who trade on numbers are being significantly impacted by the growth in digital intelligence and innovation.
Financial Services organisations in Banking and Insurance are innovating new business models, transforming business processes, and leveraging disruption in digital technology platforms, and this where Roc has built strong strategic relationships within the sector.
We work with international investment and consumer retail banking clients, international and UK insurance firms, and a range of other financial services organisations across business and technology transformation programmes.
Roc Financial Services Engagements
- Major Digital Transformation Programme Management
- Business Process Transformation
- Compliance and Government Process Optimisation
- Process Led ERP Deployment Projects
- Back Office Process Automation
- Wired, Wireless and Branch Network Programmes
- Business Collaboration Platforms