- Banks
- Financial service providers
- Insurers
Finance & Insurance
You report on risks in more detail than almost any other industry. At the same time, a considerable part of your value creation lies with third parties, while responsibility and trust remain with you. And when central services fail, an operational disruption becomes a question for supervisors, customers and the market within a very short time.
Your challenge is not a lack of information, but the connection between risk, dependency and actual business capability. The more services are outsourced and systems are connected, the more important the question becomes for leadership whether many individual pieces of proof add up to a reliable overall picture.
What makes this environment challenging.
The financial industry lives on controlled risk. At the same time, the number of technical and organizational dependencies that cannot be fully steered in-house is growing. Supervisors and the market therefore expect not only preparedness, but traceable control over which services are critical and what they depend on. We encounter three patterns in this environment again and again.
The product is a promise
Financial service providers sell reliability rather than goods. If availability, confidentiality or integrity are in question, trust in the entire business model is quickly affected.
Value creation at third parties
A considerable part of the services frequently runs at third parties. Services can be outsourced, responsibility cannot.
Auditing never stops
Financial institutions are in a continuous audit cycle. Steering and resilience therefore have to be demonstrable at any time.
Your contact for Finance & Insurance.
Talk to someone who knows your environment.
A confidential conversation at leadership level. We assess your situation and also tell you if another address would be the right one.