Trusted business and digital transformation partners
CHALLENGES FACING THE FINANCIAL SERVICES SECTOR
The financial services sector is a crucial backbone of the global economy. Its expansive nature, from banking to insurance, wealth management, fx trading, money marketings, futures, securities and beyond means that the needs of the industry are not one-size-fits-all. Your organisation has its own complex set of customer, regulatory and market dynamics. As trusted transformation partners, we have experienced three overarching themes taking place in the sector.
Changing regulatory environment
New regulatory measures, including MFID, IFRS 9 and GDPR, require complex system, process and reporting changes. Many financial institutions are responding by setting aside more of their change portfolios and corresponding budgets. While regulatory changes are likely to continue, a more sustainable, flexible and cost-effective regulatory operations are required to maintain compliance.
Increased global competition, growing customer and operational requirements are pressuring costs. Gaps in operational efficiency makes your organisation more vulnerable to competition and disruption, while also decreasing internal investment potential. It is crucial to take advantage of technology advancements and implement leaner operations to address these pressures.
Business model re-evaluation
The opportunities from digital transformation will require you to review your channels and customer propositions. Customer expectations are changing with a high bar being set within and beyond the financial services industry. Digital platforms allow entrants into the market with less operational and technical infrastructure, making it difficult to stay competitive with legacy systems.
Gate One delivers innovative solutions, reliable programme management and relevant regulatory expertise to our capital markets clients. We regularly work with requirements across the front and back office functions. We have strong experience in leading successful programmes in regulatory compliance, client outreach and new product development.
Uncover your strategic digital choices, define your strategy and deliver value from digital investments. We couple digital delivery expertise with strategic consulting knowledge to deliver meaningful and lasting digital change.READ MORE
Making Strategy Happen
Develop enhanced strategies that are designed with delivery in mind. Our team works with you to balance the competing needs of the business in delivering your strategy.READ MORE
Target Operating Model
Harness the full potential of your people, processes, technology and environment to truly differentiate yourselves. The operating model we develop with you will deliver real value to your staff, customers and partners.READ MORE
Develop and drive culturally aligned, innovative change programmes to truly connect with people. We are both strategic advisors and experienced implementers, drawing upon experience in different industries and cultures.READ MORE
We are privileged to be working with some of the UK’s largest and most innovative financial services organisations on their complex change programmes. View our client stories.
Our team of experts regularly shares their insights about the things that matter in the financial services sector. You can read some of them here.
MEET SOME OF OUR TEAM