Financial services

A new wave of complex challenges are reshaping the financial services sector: new competitors present a threat to market share; digital capabilities heighten customer expectations; and regulatory requirements are evolving. It’s vital that financial services organisations continue to adapt and transform their operations to ensure they remain competitive within an ever-changing sector.

The pace of innovation and sheer magnitude of change seen within the financial services sector are higher today than ever before. Whether it’s leading multi-faceted technology transformation programmes, appraising operational capabilities, or developing a new organisation structure, The Berkeley Partnership’s financial services clients repeatedly turn to us for help. 

Financial services consulting: helping you capitalise on your data assets

Financial services is one of the most data-rich sectors in the global economy. However, many financial services organisations struggle to effectively leverage this data. Without a firm grasp on these insights, decision-making in areas such as profitability, risk, and operations can prove difficult. Our financial services consultants work alongside our clients to ensure they are able to define and obtain these critical insights and make decisions that better place their organisation within the market.

Financial services consulting: integrating risk management and operational resilience disciplines

Today, operational resilience is just as important as financial resilience as a strategic imperative. Financial services organisations need to mature their operational resilience to meet regulatory requirements, reduce the impact of operational interruptions, and enhance customer trust. 

Wherever you are in your resilience journey, we can assist. Whether you need a maturity assessment and benchmarking against proprietary and industry frameworks (e.g. NIST), remediation plans or an internal case for change – we’re experienced partners that you can trust.

Financial services consulting: enabling digital-first business strategies

Many financial institutions are working with legacy IT estates, running core systems and applications that have been underinvested and do not meet the rising expectations of their customers. By implementing technology modernisation transformations, businesses can reduce their spend on maintaining technology and enhance the service level they provide, both internally and externally. Our clients choose to work with us because our financial services consultants are experts in shaping transformation projects and optimising delivery.

Financial services consulting: drive and embed changes to your structure and operating model

Successfully addressing the trends impacting the sector often requires a significant shift in the mindset and actions of your workforce; teams and people must be disciplined to deliver on strategic priorities, but nimble enough to respond to new opportunities. We work with our financial services clients to define and implement new organisation structures and changes to their operating model, but we’re equally adept at consulting on the cultural journey and embedding new ways of working. 

Financial services consulting: s166 skilled persons

Berkeley is currently on the FCA’s s166 skilled persons panel and we have conducted a variety of s166 reviews. We are regularly appointed by our clients in a skilled person equivalent capacity, providing independent reviews of our clients’ technology and information management operations and technology-based change programmes.