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      Industry

      Banking

      Banking

      A trusted advisor in a rapidly evolving industry

      Our Experience & Impact

      88%
      of the top 25 global banks have worked with us
      10-20%
      average savings from cost transformation projects

      Whoever coined the term “bankers’ hours” would hardly recognize the industry today. Relentless technological change and ever-evolving regulatory requirements mean banks now operate in a high-velocity, always-on environment. The global pandemic has only intensified disruption, sending CEOs in search of ways to build resilience, identify opportunities, and manage risk.

      As fintechs mature and consumer preferences shift, a winning strategy increasingly requires seamless integration of digital and physical channels. This raises the stakes for delivering an outstanding customer experience, a specialty of ours; for decades we’ve helped financial institutions discover what matters most to their customers and pursue the innovations that earn and enhance their loyalty.

      In thousands of global banking consulting projects, we’ve helped our clients develop and implement strategies for new digital business models, increasing competition, and shifting regulations. Our banking consultant teams come equipped with unparalleled expertise in mergers and acquisitions, information technology, organizational efficiency, and many other facets of the industry. Whether you’re looking to adopt agile methods at scale, or explore the latest innovations in machine learning, we’re ready to serve as your trusted advisor.

      Read more Read less

      AI in Banking

      Banks with a strong focus on technology consistently outperform the competition. It’s no surprise that industry leaders are embracing AI as a path to efficiency, improved customer service, and revenue growth. Banks are harnessing AI to:

      • Streamline call center activities with intelligent chatbots, voicebots, and agent tools for fast, accurate responses
      • Automate client onboarding and fraud detection with advanced document verification, intelligent document processing (IDP), and biometric check
      • Accelerate everything from account setup and loan disbursement to underwriting and treasury operations using automation, optical character recognition (OCR), and workflow tools
      • Detect early or missed payments, monitor high-risk profiles, and ensure compliance with real-time data analysis and reconciliation

      Learn how AI is powering new discoveries in banking

      Real Outcomes

      We helped Latin American bank Bradesco create its first generative AI platform, deploy three customer-facing applications, and prepare its enterprise for widespread adoption.
      Learn how we helped Bradesco set an industry standard for AI innovation See how we’re helping global industry leaders win with AI

      How We Help

      We’ll guide you to the high-impact use cases where AI can create value fast, such as fraud detection, customer service, and hyper-personalized marketing. In tandem, we’ll help you shore up the critical foundations for success, including data strategy, operating models, and responsible governance.
      Learn more about our AI approach

      Our Client Results in Banking

      Case Study

      How NatWest Is Scaling Customer Engagement with AI
      The bank partnered with us to transform its idea-to-value process from 60+ days to just one day.

      Case Study

      A Procurement Transformation Turns Cost Control into a Competitive Advantage
      A redesigned operating model and a comprehensive savings program  delivered meaningful results in the program's first year.
      See more

      Our Banking Consultants

      Headshot of Roberto Frazzitta

      Roberto Frazzitta Partner Milan

      Headshot of Seow-Chien Chew

      Seow-Chien Chew Partner Singapore

      Headshot of Samit Soni

      Samit Soni Partner Atlanta

      Headshot of Manfredi de'Mozzi

      Manfredi de'Mozzi Partner Milan

      Headshot of Thomas Olsen

      Thomas Olsen Partner New York

      Headshot of Julien Faye

      Julien Faye Partner Middle East

      Headshot of Joe Fielding

      Joe Fielding Partner New York

      Headshot of Dirk Vater

      Dirk Vater Partner Frankfurt

      See more

      Our Banking Insights

      Banking M&A
      As conditions shift, leading banks are fusing scale with scope to create future-ready organizations.
      M&A Report
      Stablecoins Could Make Cross-Border Payments Faster, Cheaper, and More Transparent
      Most CFOs are not using stablecoins today, but evolving regulations could reduce risk and create competitive advantage.
      Brief
      AI Won’t Just Cut Costs, It Will Reinvent the Customer Experience
      Beyond efficiency, AI helps create a more personalized experience that delivers a triple play of customer loyalty, employee engagement, and revenue growth.
      Brief
      Inside Capital One's Tech Transformation
      Bain’s Steven Breeden sits down with Capital One divisional CIO Mark Mathewson to discuss the bank’s decade-long tech transformation.
      Executive Conversations
      See more

      A Closer Look

      Disruption from Within: De-risking Banking Transformations at Speed

      Replacing core systems is costly, complex, and time-consuming. It doesn't have to be.

      Tech System Modernization: Delivery Is in the Details

      More than 90% of large companies have pursued tech modernization projects in the past five years, but often struggle, especially with ERP, CRM, and core systems transformation.

      Banks’ New Growth Path: From the Customer to the Cloud

      How incumbents can re-architect to win market share, one slice at a time

      A Proven Approach to Decarbonized Loan Portfolios

      Our four-part methodology helps banks align with the Paris Agreement and create value in the transition.

      The Future of Banking

      The way people and companies do their banking is evolving rapidly. Bain’s collection of video interviews with exceptional executives of banks, fintechs, and investment firms provides valuable insights on various topics as they affect the future of banking.

      Learn More

      How We Can Help

      Banking Performance Navigator

      Get a predictive view of your bank’s profitability, risk, and sustainability with an advanced forecasting solution that powers sharper, faster decisions.
      More
      • AI, Insights, and Solutions

        Drive competitive advantage through AI, human-centered digital innovation, and data-powered solutions.

        More
      • Enterprise Technology

        Companies with a strategic focus on technology outperform across industries. Stay ahead with tech foundations that fuel lasting growth.

        More
      • Sustainability

        Discover how embedding sustainability into your operations can boost efficiency, innovation, and growth while reducing environmental impact.

        More
      • Customer Experience

        Deliver a triple play of results: happier customers, employees and shareholders

        More
      • Post-merger Integration

        A unique approach that unlocks value beyond your expectations.

        More
      • Risk, Finance and Compliance

        Identify and mitigate risks to focus on the actions that enhance your competitive advantage

        More
      • Business Strategy

        Win today and in the future.

        More
      • Zero-based Budgeting

        Make sure that every dollar you spend serves your strategy. Zero-based budgeting creates an ownership mindset that reduces costs by 20 to 40 percent, and keeps costs out.  

        More
      See more
      View All Consulting Services

      Explore Our Financial Services Sector Expertise

      Explore Our Financial Services Sector Expertise

      • Banking

      • Financial Services

      • Insurance

      • Market Infrastructure

      • Payments

      • Wealth & Asset Management

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