Recent developments in the financial services sector have, in many parts of the world, created opportunities and challenges. Cedar has in-depth capability and knowledge in this sector. Its team has assisted a large number of banks, NBFCs, insurance companies and brokers, investment management companies, private equity funds and even commodity & stock exchanges, across all areas of business transformation - strategy, customer, channel, products, credit, process, organizational and business technology- with a significant emphasis on project management and execution of key initiatives.
For its banking clients, Cedar's expertise is bank-wide. Cedar formulates strategy in all key business segments (overall bank, corporate, commercial, SME, micro-finance, wealth management, priority bank, and mass retail), designs innovative products and loyalty programs, assists in transforming the brand, implements best-in-class processes and drives centralization, outsourced and enhanced customer experience, restructures organizations and assists in recruitment & rationalization, develops business enabling credit policies that are Basel II compliant, and develops a business technology strategy and project manages complex projects including core banking systems. Cedar’s experience includes not only assisting existing banks transform, but also merging two banks, and in rare and exhilarating cases, building a bank from the ground zero up with just a banking license in its possession.
Cedar’s insurance expertise spans Life Insurance, P&C Insurance, Broking, Employee Benefits and Re-insurance. Cedar formulates strategy for attracting customers through a comprehensive channel strategy, retaining customers by ensuring a superior service experience and maximizing profitability through effective capabilities for operations, underwriting and investments. Cedar’s heritage includes being part of the former Renaissance Worldwide, whose leadership included the creators of the Balanced Scorecards. This heritage blends with our insurance expertise and provides Cedar a unique ability to define transformational organization strategies. Cedar helps clients to optimize the cost of acquisition of customers, provide differentiated services based on deep customer insights and optimize operations through outsourcing, centralization and process re-engineering.
The SME space is a unique area of expertise at Cedar. The sector globally is a large contributor to GDP and employment. It provides significant opportunities but also credit challenges. Cedar’s SME strategic framework ensures financial enterprises can well leverage this opportunity on a risk managed basis.
Cedar's private equity experience includes assisting private equity firms in developing their investment strategy, due diligence on potential investment transactions, executing buy-side and sell-side mandates, and assisting in the transformation of portfolio companies.
Financial Technology Research
Cedar’s knowledge in the financial technology sector has unmatchable depth due to its research and publications division – IBS Intelligence. For over 20 years, IBS Intelligence has provided a global independent perspective on financial technology products, trends and markets. Besides its iconic monthly IBS Journal, it has a range of in-depth industry reports covering a range of financial technologies. For more information visit www.ibsintelligence.com.
Cedar’s proprietary business intelligence and predictive analytics expertise and solutions in its Cypress analytics unit brings greater depth of analytics in the execution in consulting projects, ensuring that recommendations are built on fact, not fiction.