How Retail Banking Solutions Can Cut Costs and Still Deliver

March 7th, 2008 |
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Join BearingPoint managing director Peter Nikonovich to explore the Retail Banking Solution in the Enterprise Performance Improvement solution suite. With all the pressure on the economy due to the sub-prime crisis, now more than ever, banks are focused on ways to cut costs and still deliver services to their clients. In its current state, banks are dealing with an increased lack of funds, which has provoked the entire industry to work with what they have, and to compete for the business that is still up for grabs.

The biggest issue banks are facing is the lack of loyalty from its current clientele. Present-day customers will shop around and find the best price to do their personal banking, loans, credit cards, and even mortgages. Many times this results in the use of various banks that are all competing for your loyalty. In order to conquer the competition, many retail banks are turning to a transparent system which allows them to view all the costs across the entire organization. This in turn determines where costs can be eliminated and how they can better provide a more cost-effective solution to their customers for all their banking needs.

With our deep process knowledge and global depth, BearingPoint brings both management consulting and strong technology experience to the table. We not only work with some of the most distinguished experts in the field, but individuals with a deep domain expertise. Through our Retail Banking Solution, our only priority is assisting you with redefining your current systems to provide the best possible solutions to your clients.

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Posted in: BearingPoint, Corporate