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Information Technology, Management Article, operating financial istitutions
Article at a glance:

Better operating models for financial institutions

  • Financial institutions are under pressure to expand their business volumes while maintaining or reducing the cost of transactions.
  • Operations and IT executives in the financial industry typically respond by implementing discrete cost reduction or performance-enhancing measures, such as offshoring and lean techniques.
  • A more effective transformation will come if financial institutions redesign the operating model they apply to their processes from end to end, from customer interface to back-office transactions.
This article contains the following exhibit:
  • Exhibit: A comprehensive approach can deliver lower unit costs at higher volumes while increasing quality.

This article is part of a special section on improving operations in banking institutions. A related article, "Merging bank operations across borders," takes a look at successful operating models in cross-border banking mergers.

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