Banking/Capital Markets

Industry
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A co-creation business partner that uses digital technology to achieve global sustainable growth, going beyond traditional financial services in a society defined by rapidly increasing diversity

Regulations and oversight are becoming more stringent. The environment surrounding banks and securities firms is changing, with intensifying competition from outside the industry, the need to upgrade legacy IT architecture, declining and aging domestic populations, and a low interest rate environment. Banks and securities firms must address a variety of challenges, such as new laws and regulations, and must also update their operating and business models to use digital analytics, improve sustainability, and raise the level of their international businesses.

ABeam Consulting is ready to provide ongoing support to banks and securities firms in a complex competitive environment.

Industry Agenda

Enhancing UX and achieving safe, secure financial services through DX

Economic growth is stalling in Japan due to falling birthrates and an aging population, while competition from a flourishing fintech sector is intensifying. Banks and securities companies are increasingly required to provide new services, streamline operations, and cut costs using digital technology and analytics.  Financial crime is also growing more sophisticated, and financial firms must provide safe and secure services through multifaceted data-driven analysis.

It has become imperative for banks to enhance their services through cutting-edge technologies such as the Cloud, AI and distributed ledgers. They also need to secure new contact points with customers and find new revenue sources by combining financial functions with platforms such as BaaS. Financial firms are faced with the challenge of providing reliable financial services as a life/social infrastructure while pursuing DX.

Driving sustainability management to achieve sustainability transformation

Sustainability Transformation is important to companies that are seeking to synchronize business and social sustainability, transform their management and operations to those ends, and enhance their value as long-term sustainable companies.

Financial firms must take on a variety of challenges to achieve sustainability transformation. They must define their materiality (major challenges) in uniting corporate strategy and social sustainability, starting with the company’s vision. They must define the nature of their financial and non-financial operations based on the risks and opportunities inherent to those challenges and define stakeholder engagement. To accomplish all of this, they must establish structures and drive human capital management.

Optimizing governance and operations to enhance global business

The Japanese domestic market is reaching the limits of its growth potential. Enhancing their global businesses has become a critical mission for Japanese financials that seek sustainable growth. Financial firms are expanding their overseas networks through investments and partnerships with local banks, non-bank institutions and associated businesses throughout Asia. They are revising their operating models in the face of increasing regulatory burdens from stringent laws and regulations across countries and markets to address capability shortages required to improve group governance, address increasing overseas operational costs, upgrade legacy IT architecture, and address capability shortages to expand operations.

There are also a growing call for measures across overseas locations, requiring an increasing amount of global shared services and IT location optimizations.

Insights

Where ABeam Stands Out

  • Reliable partnerships to implement financial infrastructure and construct growth businesses

    ABeam Consulting supports clients in implementing financial infrastructure and building platforms for new business growth through our network of professionals well-versed in digital technology, analytics, and the banking, securities, and payments industries.

  • Compliance, operational transformation, and technology on a global scale

    ABeam Consulting uses its global network and expertise banking and securities to support clients in achieving compliance with financial laws and regulations and operational transformations around the world, in line with the speed of technological change.

  • Cross-industry management strategies and supporting new business

    Management agendas in the financial industry are moving dynamically, taking advantage of digital technology, growing global businesses, and pursuing sustainability. ABeam Consulting is ready to support companies in formulating management strategies and creating new businesses with its cross-industry insights and networks.

Services Provided

ABeam Consulting uses its specialized expertise to support banking and securities industry agendas, such as business portfolio optimization, new business development, and customer experience optimization.

Channel Strategy

Contact

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