Insights

The member firms of Cordence Worldwide make waves. Browse through our white papers, media, and perspectives.

  • Exploiting the Full Potential - Efficiency enhancement programs in banks and insurance companies

    06 January 2017
    Horváth & Partners, Member Firm (Germany)

    Financial institutions face a challenging environment. Persistently low interest rates lead to falling returns from the loans and deposit business and to maturity transformations. In the insurance sector, the demand for products for traditional pensions is clearly decreasing as well, although interest earnings are low. Increasing regulatory requirements create greater workload without generating any positive impact on revenues for the financial institutions. Moreover, outdated and complex IT landscapes continue to allow for only limited flexibility. New competitors like InsurTechs and FinTechs are taking advantage of this situation and using innovative business models to win market shares from traditional institutions.

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