In today’s uncertain environment, BCG’s wholesale banking consultants believe that reinvention is essential to creating value for wholesale banks. But continuing to use the same logic of previous initiatives will not be effective.
Our solutions address fundamental elements of the reinvention journey.
Data and Analytics
We accelerate and capture profit potential by using advanced data and analytics in a proven change management approach to grow profit by approximately 15% to 20%.
Radical Cost Reduction
We identify the most relevant cost vectors, as well as those with the most impact, to go beyond tightening the belt to achieve a radical cost reduction of 20% to 30%.
Balance Sheet Optimization
We help clients develop a new dynamic capability to integrate stress testing with balance sheet optimization to support financial resilience and create a fortress balance sheet.
Sustainable Finance
We work with wholesale banks to define and implement their decarbonization ambitions, helping them drive sustainable impact through operating-model redesign, risk management, and solutions for their clients and their products.
Digital Transformation
Digital transformation is imperative to prepare wholesale banking for the future. We help clients identify the most effective levers of a digital transformation to drive significant profitability and guarantee relevance in the postdigital age.
Large Regulatory Tech Programs
Many wholesale banks have legacy IT architecture systems that are inflexible, hinder time to market, and incur increasing costs. Our specialists help clients choose the best structure with cross-asset functionality to meet their specific needs.
BCG’s wholesale banking consulting teams comprise industry practitioners; technology, data, and artificial intelligence specialists; and climate, finance, risk, and regulatory experts. These teams support banking and nonbanking institutions across the wholesale banking ecosystem on a global scale.
BCG’s specialist research and benchmarking company provides deep insights into corporate and investment banking with diagnostics on technology, operations, risk and compliance, and market data.
BCG’s specialists provide data and software solutions to wholesale banking clients, including comprehensive insights from such BCG benchmarks as corporate banking performance, TMetrics, commercial banking revenue analytics, our corporate banking voice-of-customer survey, proprietary market sizing and forecasting from BCG banking pools, and pricing capabilities through MSP Catalyst.
The impact of our wholesale banking consulting work includes the following:
Given the profound changes sweeping the industry landscape, it’s time for banks to reinvent themselves.
CIBs that take action in six critical areas can dramatically improve their cost-to-income ratios and returns on equity, creating a more prosperous and sustainable future.
