For financial institutions, the initial outlook for 2013 doesn’t appear much different from what we’ve been experiencing the past two years: increasing interest rate pressure, lending volume stagnation and rising costs remain constant factors, and roadblocks, for future success. Institutions continue to focus on growing and increasing bottom line profitability, and are looking outside of traditional lending to generate this growth.
We invite you to click here to read our latest quarterly banking newsletter, where we share our insights on tackling the current industry trends that financial institutions and banking clients are facing around the globe (article links and descriptions are also included below).
Let us know what you are interested in reading or learning more about!
As a strategic partner helping financial institutions solve their most pressing and complex business challenges, we at West Monroe invite you to participate in a short survey. This will help us to identify early trends in the market and provide relevant and timely information and services to our clients. This survey is completely anonymous and should take less than 5 minutes to complete.
Please use the following link to participate in the survey: http://www.surveymonkey.com/s/WJVX2W3
Our 1st quarter newsletter includes articles on the following topics:
- Treasury Management Onboarding: Treasury management continues to be a source of diversified revenue for banks and, given the focus on non-interest income with falling interest rates, much more of a commodity business. As banks look to innovate new products and services targeted towards corporate treasury functions of all sizes, one area of opportunity is differentiating the implementation and onboarding process.
- Automating the Loan Origination Process: Financial institutions seek a higher level of process automation as they try to achieve increased efficiency and scalability. Many institutions have successfully moved toward technologically-driven loan origination systems and even automated credit-decision engines for their consumer loan products. This begs the question: Can the commercial credit function be automated in a similar fashion?
- Conducting an Effective, Global Due Diligence Program: While acquiring institutions typically conduct high-level financial due diligence, such as discounted cash flow analysis, multiple analysis, or portfolio-level credit due diligence, many elect not to conduct comprehensive due diligence that provides a broader and deeper analysis of a target.
- Case Study: Enabling Strategic Change: Banks often make changes to their business or technology to achieve singular product, business, or platform goals. This is completely understandable; in most cases, it is the only way to exploit business opportunities that will not wait for the complex and time-consuming process.