Wednesday, August 27, 2008

Hallmarks of Success for Financial Services

Hallmarks of Success for Financial Services by 2010

Deloitte Report

The worldwide market for financial services is evolving rapidly, and is likely to look very different by the year 2010. Deloitte study identifies major market drivers and operational challenges that financial institutions will likely face over the next four years and pin-points the strategies and practices recommended to create the ‘Hallmarks of Success’. The key drivers and challenges include:


Market Drivers

New asset classes: Changing the center of gravity
Ageing population: Turning silver into gold
Payments: P&L pain or pride
Emerging Markets: Opportunities, but no guarantees
Operating Challenges
Offshoring: Releasing the value
Internal control: A springboard to improved operating performance
The struggle for growth: Process and service innovation provide the keys to sustained performance and enhanced customer relationships
Mindset matters: Tax, accounting and financial reporting


Operating Challenges

Offshoring: Releasing the value
Internal control: A springboard to improved operating performance
The struggle for growth: Process and service innovation provide the keys to sustained performance and enhanced customer relationships
Mindset matters: Tax, accounting and financial reporting


To learn more download the full study below from Deloitte site.

http://www.deloitte.com/dtt/cda/doc/content/UK_DDR_Hallmarks%20of%20success.pdf

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