Driving Growth « Accenture BlogPodium

Posts Tagged ‘Driving Growth’

Universal Anatomy of Banking High Performers

Posted on June 28th, 2012 at 3:23 pm by Barend van Doorn | Link | Comments (0)
Theme: Business Transformation, Latest Post | Tags: banking, Core Banking, customer centricity, customer loyalty, Driving Growth, Emerging markets, Financial Services, FS, Innovation that works, Multi-channel distribution

It’s no overstatement to say that the legacy of the financial and economic crisis continues to strongly impact banks’ performance across the world. Banks are still subject to significant uncertainty and their customers’ trust and loyalty is at an all time low. To turn the tides they need to rebuild profitability and reboot shareholder value by driving growth in their core businesses.

In the race towards the future some banks are already taking a clear lead. Recent published Accenture report “Winning in the New Banking Era” examined the common characteristics and principles these leading banks share, and identifies seven key “strands” that create a foundation for achieving growth and reigniting shareholder value. Below I will discuss 3 out of 7 characteristics (as seen in the visual) in more detail.

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Banking 2012: The challenge of Sustainable Revenue Growth and Innovation

Posted on April 18th, 2012 at 11:53 am by Barend van Doorn | Link | Comments (0)
Theme: Business Transformation, Innovation that works, Latest Post | Tags: banking, Driving Growth, Financial Services, Innovation that works, Profitable growth, Revenue growth, revenue sustainability

Banks in the developed markets hit by the crisis in recent years have struggled to grow revenues consistently. In the new landscape – emerging in the wake of the turmoil –banks in Europe and America have recovered a degree of stability and are returning to moderate profitability. These changes have led to an increased volatility and a difficult trading environment in Europe and the US. Banking stakeholders, governments, regulators and the public are all demanding disruptive changes and require a sustainable recovery.

Over the past three years, Accenture has been conducting a study called Banking 2012. This study examines the basic levers increasing banking profitability and the operating models required to deliver sustainable profitability in the new environment.

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Top 10 Challenges for Investment Banks 2012 (part 3)

Posted on April 6th, 2012 at 12:12 pm by Robert Truin | Link | Comments (0)
Theme: Business Transformation, Latest Post | Tags: 10 challenges investment banks 2012, Driving Growth, Emerging markets, Financial Services, Investment banking, investment banks, Sustainable Cost Reduction, Sustainable Growth, Talent Management

The last three challenges for Investment Banks is on taking full advantage of the wave of growth. Therefore banks must not only overcome the challenges of today, but also need to keep an eye on tomorrow. To read my previous blog posts about the challenges regarding “Regulations and restrictions” and “Building and maintaining a solid client base”, please visit my personal Blogpodium page.

8. Managing Talent in the New Compensation Paradigm
Investment bank compensation policies have come under intense scrutiny by media and government in recent years. In an attempt to align employee rewards and incentives with risk and shareholder interests, many banks are increasing their base salaries and emphasising deferred compensation through stock options. This approach may address immediate regulatory requirements, but will it serve organisations in the long run?

Attracting and retaining top talent in this new environment requires a personalised approach to human resource management that invests in individuals and offers rewarding career paths. Investment banks face additional challenges in attracting, retaining and motivating the most talented people. Investment banks’ operations in emerging markets are growing rapidly in size and importance and success relies on acquiring, retaining and motivating talent in those regions.