Probum
Advisory, analytics, and angel investing
Industry Trends
The financial services industry has gone through significant upheavals during the last several years. Financial institutions have had to rapidly adapt in order to navigate through one of the worst financial crisis, increased regulations, depressed demand, and cost pressures.
In today’s global economy, the US financial services industry is finally seeing some growth prospects while select emerging markets, such as the BRIC nations, are likely to experience a more rapid growth as they look to achieve financial services penetration levels similar to those seen in the developed economies.
Going forward, the pace of change is expected to continue and in many cases will likely be even more accelerated. While financial institutions are still consumed with meeting regulatory needs, the changes will also be driven by new opportunities/business models, changing customer preferences, differentiated service, and advanced technologies & decision analytics. Financial institutions that are able to manage these challenges well are likely to develop a nimble and resilient organization, and create sustained value over the long term.
Client Issues
Our clients are grappling with important questions such as:
- How will the changing financial services industry alter the business model and associated revenue & profit steams? What is the best way to prepare for these opportunities?
- How are our customers reacting to changes in the financial services industry in terms of product preferences, risk tolerance, and the perception of their financial institutions? How should we respond?
- How would financial services compete going-forward? What would be the importance of customer service? How can we provide a differentiated customer experience?
- How are advanced technologies & decision analytics impacting the organizations? How can we better harness the power of such investments to differentiate in the marketplace?
- What are the implications of new and emerging regulations and how can we prepare for it?
How probum can Help
Probum distinguishes itself from our other advisory peers through our unique approach in addressing the client's concerns. We work collaboratively and partner with our clients as an integrated singe team to enable them with the competitive advantages necessary to effectively manage through various business cycles. In addition, our consultants bring their pragmatic consulting and significant financial services industry experiences coupled with problem solving abilities, facilitation skills, and execution focus to achieve buy-in and create sustained value.
We are also known for often refining the key question(s) to be addressed and significantly altering the initial hypothesis for the client’s business to deliver greater impact.