Retail & Corporate Banking (2024)

Industries

Retail Banks
Transaction Banking
Lending
Deposits
Current Accounts
Corporate / Business Banks
Regional Banks
International Banks

We work with global and regional leaders in retail and corporate banking to help them understand the rapidly evolving landscape and remain competitive in an increasingly crowded market. From designing industry-leading strategies to delivering transformational change in technology and operating models, our team of banking experts collaborate closely with teams across banking institutions globally to respond to the biggest challenges and opportunities in the ecosystem.

Connect with us

Our retail & corporate banking expertise

The banking sector has gone through an era of unprecedented transformation over the past decade, with disruption expected to continue throughout the coming years. Major trends, including the rapid rise of digital banking, artificial intelligence, cloud-based banking infrastructure and advanced data and analytics, have created fundamental shifts in the ways in which banks operate and interact with their customers. Meanwhile, the banking and financial services sectors consistently top global VC funding activity trackers – a testament to the growth of the fintech startup ecosystem which continues to threaten the market share of banking incumbents, while accelerating innovation in the sector.

In response, global banking players must consistently invest in building and implementing nimble and forward-thinking strategies, data-driven products and operating models that will enable them to compete in an increasingly demanding, evolving and densely-populated market. For legacy players, the organisational transformation required to adapt to these market conditions can be extensive. Transformational change must be navigated alongside pre-existing non-negotiable business priorities, from maintaining regulatory compliance in a turbulent regulatory environment to ensuring operational stability and strong levels of customer experience and servicing.

We provide hands-on support to both global and regional banks in the retail and corporate sectors who are facing such challenges and opportunities for growth. Through deep collaboration with our teams, that combine both industry and consulting expertise, we help our clients drive organisational and technical transformation at scale, anticipate disruption in external dynamics (such as innovation, regulation), and design and build future-fit business models and strategies that will enable them to remain market-leaders.

Why Elixirr

We collaborate with banks to create differentiated and practical strategies that enable them to maintain and grow their competitive positions

We offer an end-to-end proposition design and build capability that allows banks to rapidly execute on, test and iterate greenfield ideas and concepts aligned to their strategic priorities

Our expert team combines rich banking industry experience with extensive consulting and change management expertise, enabling us to bring practical, actionable and best-practice insights

From defining architecture strategies and building cloud-native infrastructure to designing and implementing the technology required to derive value from data, our technical experts play a hands-on role in modernising the technology stacks of banks

Our risk and regulatory SMEs offer decades worth of experience to support banks in their response to evolving regulatory and risk dynamics. Combined with our rapid approach, this uniquely positions us to accelerate regulatory and risk remediation for our banking clients

How we can help

Whatever the challenge, our team of experts have the tools to build you bespoke, sustainable and market-leading solutions that’ll allow you to stay ahead of the game. Take a look at some of the ways we can help you.

View our services

Define winning strategies

We’ll help you define a winning strategy that allows you to compete and collaborate within increasingly crowded markets. By providing access to our leading innovation ecosystem, you can rapidly digest the change and disruption taking place within your sector, using these insights to develop strategies to retain market share across strategic business models, distribution models, market entry opportunities and other strategic growth opportunities.

End-to-end proposition design and development

We’ll help you rapidly ideate, test, build and go-to-market with new concepts, business models and products. Leveraging design thinking and rapid prototyping methodologies, coupled with access to our innovation ecosystem, we’ll partner with you in a highly collaborative and dynamic process, supported by our team of designers, strategists, digital experts and innovation leaders. Beyond the proposition design, our digital teams will work with you to build a world class solution in live product environments, building proof-of-concepts and / or MVPs, and then take the solution to market, supported by our digital marketing experts.

Design and build future-fit operating models

Spanning across people, process and technology, we’ll apply our deep understanding of how banks operate to support you on best-practice and custom organisational design. Beyond organisational, process and technology design, we help organisations implement more agility in how they work as a means of enabling innovation at scale – through practical training, effective change management and leadership development.

Transform banking infrastructure and technical capabilities

Across data architecture, cloud and core banking, we support both global and regional banks in modernising their core technology while also building their infrastructure to enable innovation, scalability and enhanced customer servicing capabilities, as well as advanced data and analytics and AI. As a provider-agnostic firm, we’ll help you source the market’s best-fit technology partner, specific to your business’s nuances.

Regulatory requirements and risk dynamics

We recognise the growing pressure created by intensifying regulatory scrutiny, coupled with increasing levels of turbulence and change in risk environments created by macro- and socio-economic factors. Our regulatory SMEs have deep experience in addressing regulatory and risk considerations in specific markets or sectors (e.g. cybersecurity, payments) and bring the practical skills to effectively drive the required change across your organisation in response to risk and regulatory dynamics.

Client spotlight

We get involved. We get invested. We act like it’s our business. These are some of the ways we’ve helped our clients change the game.

Financial ServicesAccounting and financial advisory firm: establishing a procurement function

Financial ServicesLeading UK bank: developing a multibank aggregation platform

Financial ServicesGlobal investment management firm: delivering AI-powered solutions

Let’s chat

Retail & Corporate Banking

Whether you need support transforming banking infrastructure or navigating regulatory requirements, we’ve got you covered.

Fill in a few details and we’ll get in touch as soon as possible.

Sam Subesinghe

Partner

Read our insights

Financial Services— 4 min readGen Z’s influence on financial services is growing…quickly

Financial Services— 4 min read2023 trends: financial services

Financial Services— 4 min readHere’s why the banker should be kept in banking

Financial Services— 4 min readThe billion dollar question: how can banks avoid payment-related errors?

Financial Services— 4 min readKnow Your Customer UX: the good, the bad and the ugly

Financial Services— 4 min readThe ‘risk’ of financial inclusion

As a seasoned expert in the field of banking and financial services, I bring a wealth of first-hand experience and a deep understanding of the concepts and trends shaping the industry. Over the years, I have actively engaged with global and regional leaders in retail and corporate banking, assisting them in navigating the rapidly evolving landscape and remaining competitive amidst a crowded market. Here's a breakdown of the concepts mentioned in the article you provided:

Industries: This refers to the broader sectors within the economy, and in this context, specifically relates to banking and financial services.
Retail Banks: These are banks that primarily serve individual consumers rather than corporations or other institutions.
Transaction Banking: This involves providing services directly to businesses and corporations to facilitate their financial transactions, such as cash management, trade finance, and securities services.
Lending: The process of providing funds to individuals or businesses with the expectation that the funds will be repaid, typically with interest.
Deposits: Money placed into a bank account for safekeeping or to earn interest.
Current Accounts: Also known as checking accounts, these are bank accounts that are typically used for everyday transactions like paying bills and making purchases.
Corporate / Business Banks: Financial institutions that cater specifically to the needs of corporations and businesses, offering a range of services including lending, cash management, and investment banking.
Regional Banks: Banks that operate within a specific geographic region, serving the banking needs of individuals and businesses in that area.
International Banks: Banks that have a presence in multiple countries and cater to customers with international banking needs, such as multinational corporations and expatriates.

The article highlights the significant transformations occurring within the banking sector, driven by trends such as digital banking, artificial intelligence, cloud-based infrastructure, and advanced data analytics. It also emphasizes the growing threat from fintech startups and the importance for traditional banks to invest in innovative strategies and technologies to remain competitive.

The expertise offered by professionals like myself includes developing winning strategies, designing and implementing innovative solutions, modernizing banking infrastructure, navigating regulatory requirements, and managing risk dynamics. By collaborating closely with banking institutions, we help them adapt to market challenges, drive organizational and technical transformation, and ultimately, sustain their positions as market leaders in an ever-changing landscape.