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Recent news highlighted the US banking industry's record earnings during the first quarter of 2013.
The industry is seeking new ideas and creative ways to meet customer needs and grow income. In this newsletter, we look at several topics that we see as driving and enabling growth for banks large and small.
We see many positive indicators for the insurance industry right now.
Our team has been very busy helping clients develop new capabilities, products, and customer experiences that make a difference.
Dean Fischer announces West Monroe Partners restructuring as an ESOP
Since our inception, West Monroe Partners has operated on the principle of remaining employee owned and people focused. We believe this environment produces a team of professionals personally invested in service quality and motivated to act in the best interests of each other, the firm, and our clients.
West Monroe Partners' Energy & Utilities Newsletter focuses on many key issues that are top of mind for our clients.
There are many issues—associated with advanced technologies, regulatory strategies, and broader business strategies—that are currently top of mind for our consulting team here at West Monroe Partners. We expect that many of these same issues are keeping some of our clients up at night as well.
Determining the right strategies and solutions to address market conditions is a key factor to future success.
Institutions continue to focus on growing and increasing bottom line profitability, and are looking outside of traditional lending to generate this growth.
Social responsibility, sustainability and the future
View our video newsletter featuring Dean Fischer, CEO, talking about the role social responsibility plays in the corporate world. Also, read the latest insights from West Monroe Partners on a range of timely topics impacting industry and market sectors today.
A Message from the West Monroe Partners insurance team
Across your industry, insurers remain focused on a wide variety of innovative and exciting efforts—from building claims information dashboards to enhance insight, to selecting state-of-the art solutions to drive future sales operations and agency management, to assessing and refining new products and marketing strategies. While each of you faces unique challenges and varying priorities, we have focused on relevant insights and best practices related to the common themes we see across our clients.
Insights on how banks can diffentiate and distinguish their institution in a complex and changing marketplace.
As we prepare to close out 2012 and usher in 2013, one thing is clear: the banking industry remains one of the most dynamic and stimulating markets today. Every facet of how institutions do business – from front and back office operations to the use of analytical insights and Big data– is being challenged, re-worked and revolutionized in this steeply competitive landscape.
A Message from West Monroe Partners
Across the industry, regardless of the size or geographical location of a specific utility, several key areas continue to be a high priority: IT integration and leveraging new technologies in a strategic way; regulatory constraints and opportunities, primarily at the state PUC level; and best practices in communicating new programs to customers and otherwise engaging external stakeholders.
Welcome to the Q3 2012 West Monroe Partners Banking Newsletter
Regulatory changes combined with changing customer expectations and demands are putting unprecedented levels of strain on traditional financial services revenue sources and forcing banks to respond fast and effectively in order to maintain—let alone improve—competitive position.