CMI builds on strong in-house expertise of financial services to help our clients face consolidation and transformation challenges driven by regulation, technology and customer demands.
CMI has gained in-depth knowledge of the financial services ecosystem.
Our practice areas are diverse and fall into three categories:
- Offensive strategy, investment and development
Strategic due diligence, development of strategic growth plans (audiences, countries, channels, usage). - Defensive strategy in an ultra-competitive, volatile environment
Analysis of strategic moves and impacts, risk and opportunity assessment, plans which need to be deployed. - Offer Transformation
Strategic plans, operational development plans, innovation strategy.
To facilitate decision-making for leadership teams and investor clients, we take on both a comprehensive approach and a more analytical approach helping our clients correlate future objectives and subsequent results.
We leverage CMI’s in-depth knowledge of the environment (market, competitive landscape, regulatory framework) within the various segments that make up the financial services industry, mobilizing sector experts and drawing on the operational experience and advice of our firm members.
The financial services sector is facing significant challenges occurring in parallel
These include strategic consolidation, growing complexity, market volatility, as well as the need to anticipate and respond to tech-led disruptions. We help our clients address these issues along with changes in consumer behavior, the pursuit of growth, and the ever-increasing burden of regulation.
We have had the opportunity to examine the following sources of strategic disruption so we can provide
corresponding insights and plans for our clients :
Retail banking
Market disruption by fintechs, growing competition from neo-banks and new entrants, evolution of customer onboarding, outsourcing of customer compliance, evolving pressure related to pensions and pension funds.
Private banking
Maintaining profitability despite regulatory pressure begging for ever-increasing critical mass, adapting products and services to next generations of audiences (online, mobile first, blockchain friendly, less brand loyal), transforming internal networks, rethinking business models.
Corporate and investment bank
Electronic trading platforms offering transaction automation, evolving practices behind customer onboarding, outsourcing of customer compliance as observed in retail, innovation management.
Asset management
Industry polarization and pressure on mid-sized players, market consolidation through acquisitions of smaller players, changes in distribution channels, vertical integration easing tailored offerings for wealth management advisor (WMA) networks, responding to new demands related to retirement issues, etc.
Insurance and brokerage Emergence of "wholesale brokers" bypassing traditional players, consolidation/outsourcing/near-shoring of operational management processes, changes in claims management processes (digitalization, new entrants), etc.
Wealth Management Development of independent networks, consolidation of wealth management advisors, changes in business models and operating methods (technological and financial), challenges related to responsible investment, changes in issues related to retirement and pension funds, etc.