Summary
The financial services industry is transforming, propelled by digital & AI that has accelerated change. Innovations such as digital payments, neo-banks, and embedded finance are reshaping service delivery and consumption. Banking has become ubiquitous, with successful practices from one region rapidly adopted worldwide due to increased global connectivity.
Cedar has been assisting banks and financial institutions in developing & executing innovative strategies leveraging the Balanced Scorecard framework. With a 30-year track record, Cedar rapidly designs and deploys strategies delivering fast-track benefits and ensuring effective strategy execution.
The strategy design process at both enterprise & business unit levels involves defining target customer segments, aligning channels, creating customer journey maps & instant products, business-enabling credit frameworks, formulating target operating models & key internal processes, creating performance oriented organizations, and a future ready technology architecture. This process includes determining resultant financial metrics. Cedar’s expertise covers corporate, SME, and retail banking, as well as specialized areas like wealth management, cards, and Islamic banking. Known for its execution excellence, Cedar has also supported over ten banks with successful M&A integration.
In the Financial Technology space, Cedar helps clients develop an IT & Digital strategy aligned with their business strategy and also design enterprise architecture including data, application & infrastructure. A critical area of focus is the evaluation and selection of best-fit systems leveraging its knowledge of all leading solutions, and successfully manage large transformation programs. Core banking, Transaction Banking and Digital Banking areas are our Centres-of-Excellence. Cedar enhances its offerings in digital banking and technology transformation through its financial technology research unit, IBS Intelligence.
Cedar has a portfolio of proprietary tools that help us not only deliver programs successfully on an accelerated basis, but also tools that the client can leverage for their own benefit. These include BSC Accelerator, People BSC, Fee Income Accelerator, and its program management tool, PRIMATECH, Cedar also leverages a vast repository of bank performance metrics and global case studies. This approach helps Cedar apply global insights locally, supported by a team that includes bankers from major global institutions and industry experts.
