Banking
The banking and financial industry is undergoing radical change. Banking is going through a period of tremendous consolidation and restructuring.
Customer behavior has changed, as customers increasingly rely on electronic transactions. And many now direct their savings into mutual funds instead of demand deposits and CDs. The US banking system's share of financial assets in the economy has sunk to 25%, the lowest in 130 years.
Because traditional banking is in decline, the future of the industry lies in services and new areas. Many banks are now starting to compete against investment banks, for example. One in five banks owns a full-service brokerage firm today. Half of banks own a discount broker. There is evidence that those banks that specialize in a niche – retail lending, credit card operations, cash management, global retail – are more successful than fully diversified banks.
With its thorough understanding of the economic pressures and sources of risk, SDG's consultants have assisted companies in the banking, insurance, asset management, and other financial industries around the world with business strategy, asset portfolio management, securitizations and transactions, product line profitability, and risk analysis.
