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Industry

Banking

Banking

A trusted advisor in a rapidly evolving industry

Our Experience & Impact

88%
of the top 25 global banks have worked with us
10-20%
average savings from cost transformation projects

Whoever coined the term “bankers’ hours” would hardly recognize the industry today. Relentless technological change and ever-evolving regulatory requirements mean banks now operate in a high-velocity, always-on environment. The global pandemic has only intensified disruption, sending CEOs in search of ways to build resilience, identify opportunities, and manage risk.

As fintechs mature and consumer preferences shift, a winning strategy increasingly requires seamless integration of digital and physical channels. This raises the stakes for delivering an outstanding customer experience, a specialty of ours; for decades we’ve helped financial institutions discover what matters most to their customers and pursue the innovations that earn and enhance their loyalty.

In thousands of global banking consulting projects, we’ve helped our clients develop and implement strategies for new digital business models, increasing competition, and shifting regulations. Our banking consultant teams come equipped with unparalleled expertise in mergers and acquisitions, information technology, organizational efficiency, and many other facets of the industry. Whether you’re looking to adopt agile methods at scale, or explore the latest innovations in machine learning, we’re ready to serve as your trusted advisor.

AI in Banking

Banks with a strong focus on technology consistently outperform the competition. It’s no surprise that industry leaders are embracing AI as a path to efficiency, improved customer service, and revenue growth. Banks are harnessing AI to:

• Streamline call center activities with intelligent chatbots, voicebots, and agent tools for fast, accurate responses
• Automate client onboarding and fraud detection with advanced document verification, intelligent document processing (IDP), and biometric check
• Accelerate everything from account setup and loan disbursement to underwriting and treasury operations using automation, optical character recognition (OCR), and workflow tools
• Detect early or missed payments, monitor high-risk profiles, and ensure compliance with real-time data analysis and reconciliation

Our Client Results in Banking

Our Banking Consultants

Our Banking Insights

A Closer Look

The Future of Banking

The way people and companies do their banking is evolving rapidly. Bain’s collection of video interviews with exceptional executives of banks, fintechs, and investment firms provides valuable insights on various topics as they affect the future of banking.

Learn More

Ready to talk?

We work with ambitious leaders who want to define the future, not hide from it. Together, we achieve extraordinary outcomes.