The financial services industry is in a state of change, both in the way services are rendered and consumed by its customers, and also in the shift in operating models that are driven by a strong digital push, accelerated even further post the Covid-19 experience. More importantly, banking has become highly ubiquitous, wherein the learnings from the successful experience of one geography gets to be adopted elsewhere quickly, as we move into an increasingly flat world.
Cedar has been assisting global banks and financial institutions around the world in the formulation of innovative strategy and in its effective execution, using the Balanced Scorecard framework. Cedar has a 30-year track record of design and implementation of strategy for its global banking clients on a fast-track basis, thereby delivering on quick-win benefits. We make strategy and innovation work.
The approach to strategy design both at an enterprise and business unit includes defining target customer segments, driving channel alignment, designing customer journey maps and instant products, formulating target operating model and key internal processes, designing credit, organization framework as well as the technology architecture, and determining the resultant financial metrics. Cedar’s expertise spans across corporate, SME and retail banking areas as well as specialized focus areas including wealth, cards and Islamic banking. Cedar is recognized for its execution excellence across business, digital and technology transformation initiatives. Cedar has also helped over 10 banks with successful integration with a strong M&A execution experience team.
Cedar’s rich offering in the digital banking and technology transformation space is augmented by the knowledgebase of its fully owned financial technology research unit, IBS Intelligence. Cedar’s engagements are executed using its proprietary tools including BSC Accelerator, People BSC, Fee Income Accelerator and its program management tool, PRIMATECH. Powered by a strong knowledge repository of bank performance metrics and contemporary use-cases from global banks, Cedar helps apply insights drawn from global experiences with a regional and local context. Cedar’s financial services team include bankers from global banks and subject matter experts with experience of working with leading institutions around the world.