Technology and analytics have revolutionized the corporate realm, providing unprecedented opportunities for efficiency, cost reduction, and ways of working. This new paradigm has accelerated the need for C-suite executives to rethink operating models—especially where risk is concerned.
Our risk analytics consulting experts, data strategists, and technology specialists help companies establish and implement data strategies and architectures that achieve maximum value for the company and its employees. We use new technologies, capabilities, and risk data analytics to transform internal processes, drive innovation, increase resilience, and gain competitive advantage in the market.
BCG’s data scientists, technology specialists, risk analytics consultants, and risk and compliance experts help chief risk officers and C-suite leaders transform their operations. We leverage advanced technologies and analytical capabilities to reduce costs, increase efficiencies and precision, and enhance ways of working. Building the risk and compliance function of the future is at the heart of our approach, and we are proud to be consistently recognized as a leader in digital consulting services.
A major European bank needed to establish its finance and risk data solution and strategy following the failure of an expensive, multiyear program. BCG prepared an overarching technical solution and developed a roadmap for execution through use case prioritization to ensure alignment with the board of directors and joint supervisory team. Our experts also delineated roles and responsibilities across subsidiaries and addressed legal challenges.
A large European bank uncovered severe regulatory vulnerabilities in the data infrastructure that supported its credit chain. BCG experts worked with the bank to develop a comprehensive action plan, outlining structural and tactical actions to take over five years. This encompassed more than 250 detailed actions, including establishing a new credit chain governance framework and a redesigned data architecture.
A European automaker’s finance arm needed to modernize its risk data analytics platform to reverse data quality issues and expand data scaling. We identified domain, governance, and platform transformations that the division instituted to be more data driven. The upgrade improved data quality and allowed the business to adopt a best-of-breed technology stack.
To support rapid AI adoption, risk and compliance functions must lead efforts to ensure responsible use, transform processes, and enhance decision making.
Companies need a holistic strategy to coordinate requirements, clearly define responsibilities, and effectively use advanced technologies.
With the right strategy and platform, banks can transform ESG data from a risk analytics headache into an opportunity.
BCG’s consultants bring a diverse range of experiences to their client work with major banks, insurers, industrial companies, and regulators.
