oday’s “baseline”:
Driving efficiency through
optimization and simplification
Almost all banks are already taking steps
to optimize and simplify their business,
in order to drive efficiency across the
organization. For example, they are
eliminating redundancies; improving
processes and technologies across
business units, products, and operations;
and managing regulatory requirements
more effectively. However, while these
measures are worthwhile, they are
not enough to provide a sustainable
competitive advantage. Instead, they
are the new baseline—the table stakes
required for banks to merely maintain
their current position, not improve it.
We believe that most banks are currently
operating at this stage.