Results
The Private Banking Management Accounting (PBMA) division of a major bank was mandated to provide accurate, reliable, transparent and timely information for supporting the decision-making...
The account-opening process in the Private Banking unit of a global bank was taking an average of 12 days to complete, with a median of eight days-–an unacceptable cycle time. The project...
Account reconciliation at a large financial institution was taking too long. The project team found it was taking 32 hours to manually track and sign-off on zero-value reconciliation points....
The Shared Services department of a major financial institution formed a London-based team to make its operational-excellence-related (OE) accounting processes more efficient. With cycle...
Approximately 11,000+ servers of a large bank are backed up daily in four major regions around the globe. With this load, service levels had degraded to 85-percent success, resulting in customer...
Managed by the Shared Services department of a major bank in Asia, the restatement process is used during business reorganizations to affect reporting changes. The restatement process was...
A major US bank struggled with excessive front office costs in its Cash Equities business. Additionally, the level of its operational risk was unacceptable. Value Chain Analysis (VCA) was...
The Private Banking division of a major financial institution was experiencing a 40-percent error rate in its mortgage-related contract closures and processing documentation, leading to rework...
An audit within Investment Banking revealed that 16-percent of development-tool usage exceeded license limits, exposing the bank to significant financial and reputation risk. The project team...
A large bank in the Americas was experiencing more stringent transfer pricing regulations from tax authorities, causing an increase in transfer pricing documentation requirements. The...