Viewpoint on banking transformation

Download Viewpoint on banking transformation

The financial crisis of 2007-2009 has highlighted inefficiencies and other weaknesses in banks’ business models and support structures. Raising capital has become difficult, and many banks have had to reexamine their delivery model and product mix. Banks that prepare now for the post-financial crisis business environment will enjoy multiple advantages over their competitors who confront the new market with existing business, technology, and operational models.

Banks should focus on developing an efficient, effective, and flexible banking infrastructure. The increase in short-term operating expenses and transformation spend should be netted against the long-term benefits of revenue uplift, cost savings, reduced future costs, and risk reduction.

PwC has developed a report that provides:

• Our firm's point of view on the costs and benefits of transforming certain business areas
• A framework to evaluate different scenarios and solutions