Insurance Transformation Summit’s Post

Banks and insurance companies: from branch evolution and process automation to portfolio offering personalization and the shift toward open ecosystems. How is the sector changing? What role does digital play in this transformation? We discuss this with Stefano Achermann, Executive Vice President of Financial Services at Engineering. Read the full interview: https://lnkd.in/dC5gTybb #DigitalBanking #Insurance #Finance #FinancialServices

🌟 The Future of Private Banking 🌟 The private banking industry is evolving rapidly. Here are the top trends shaping 2025: 1️⃣ Digital Transformation: AI-driven advisory services are redefining client engagement. 2️⃣ ESG Investing: Clients are prioritizing sustainability and impact-driven investments. 3️⃣ Personalized Solutions: Tailored strategies for UHNW clients are becoming the norm. Are you prepared to navigate these shifts? Share your thoughts below! #PrivateBanking #FutureOfFinance #WealthManagement #Ateca

Adopting a #sustainability action strategy and putting sustainable practices and policies at the heart of your business can result in significant business benefits including cost savings and an enhanced reputation. https://buff.ly/4bnyepg #banking #ESG

Digital Transformation is a complex journey for Financial Services organisations, which if not planned correctly can present significant risks and uncertainties for the organisation in the future. Following are some of the key things which financial firms must consider before embarking on the Digital Transformation Journey, 💡 Timing - The Digital Transformation journey must be timed correctly. This includes appropriate timing with regards to both organisation's internal factors including business priorities and end goals as well as external factors such as market readiness and customer preferences 💡 Regulatory Compliance - With increasing government regulations for financial services firms their Digital Transformation journey must be pivoted around Regulatory Compliance. Every decision should be prioritised with a view of enhancing data and information security and minimising risks 💡 Partnerships - For strategy and implementation of their Digital Transformation plan(s), firms must consider partners who are not only aligned to their short-term requirements but are also invested and capable to support their strategies over a longer period of time. The benefits of successful Digital Transformations can be huge and more so if rightly done. #DigitalTransformation #FinancialServices #Banking #Insurance #Alliances #Partnerships #Technology #Innovation

Sustainability and ESG in Banking: A Simplified Explanation Sustainability and Environmental, Social, and Governance (ESG) factors are becoming increasingly important in the banking industry. It's about banks operating in a way that is responsible to the environment, society, and the economy. Why are sustainability and ESG important in banking? * Reputation: Demonstrates a commitment to ethical and responsible business practices. * Customer satisfaction: Aligns with the values of socially conscious customers. * Risk management: Mitigates risks associated with climate change and social issues. * Innovation: Drives innovation and creates new business opportunities. Key areas of sustainability and ESG in banking: * Environmental: Reducing carbon footprint, promoting renewable energy, and managing environmental risks. * Social: Supporting social causes, promoting diversity and inclusion, and ensuring fair labor practices. * Governance: Adhering to ethical standards, promoting transparency, and managing corporate governance risks. Let's embrace sustainability and ESG for a more responsible and sustainable banking future! #Sustainability #ESG #Banking #ResponsibleBusiness

💰 💰 💰 Data is the key! 💰 💰 💰 Some insights from Alvarez & Marsal in their recent Wealth Management Outlook, although many of the points raised also align with Mass Affluent, as well as the wider Banking, Insurance and FS sectors in general. Our clients tell us that whilst there are many technology-enabled transformations they deliver to add shareholder value, be it Digital, Cloud, AI, Operational Excellence, Legacy Replacement, Regulatory etc, the one area they see as providing the most game changing opportunities is Data! Data is the lifeblood of any organisation, but too many organisations have been slow to recognise the increasing ability of technology to not only aggregate the organisations data into useable Data Lakes, but more importantly, provide analytics and insight, feeding into every part the the Customer Lifecycle. The technologies above all support this in one way or another, but AI is likely the most influential technology moving forward. No more is this key than in Wealth Management and Private Banking, where the ability to see a holistic view of the customer is essential, with that information not only being being available at every part of the customer journey but is some cases driving the journey itself. This applies not only to all internal data, but with open banking APIs there is now no excuse not to really KYC! Norman Broadbent has been supporting organisations on this journey by accessing the best, most innovative talent in this sector, either through retained Permanent hiring or via the Interim market. There is a new generation of Data Leaders who bridge the technology and marketing gap, essentially having a foot in both camps, enabling them to look at the art of the possible through a whole new lens. These individuals make a difference! If any of this resonates with you or your organisation, please feel free to reach out. https://lnkd.in/eaY59yne Norman Broadbent Plc #wealthmanagement #massaffluent #privatebanking #executivesearch #interimmanagement #datainsight #transformation

🚀 As we head into 2025, it's the perfect moment for PE and FSI firms to revisit their KPIs and craft annual plans for portfolio companies and change programs! Transformation officers and change managers should double down on value drivers like operational efficiency, digital transformation, and market expansion, while identifying cost optimization and sustainable growth opportunities. 💡 This is the key to unlocking long-term success in a fast-changing market! What advice would you offer? #Transformation #PE #2025Planning #privateequity #insurance #financialservices Alex Baren Dean Bin-Matt Lyam Redmond Mark Flamme

“BANKING BEYOND THE BANK: FINANCIAL ALTERNATIVES TO SUPPORT THE GROWTH OF ENTERPRISES” is the new online event of the Intesa Sanpaolo’s “Networking Talks” series, entirely dedicated to Private Equity, M&A, and other financial solutions to support the growth of small and medium-sized enterprises (SMEs). Discover the opportunities and challenges of innovative financial strategies to promote business growth at every stage. With an informative and straightforward approach, the topic will be explored by experts, academics, and market participants, representing different perspectives to facilitate understanding and decision-making. From implementing ESG-compliant policies and expanding internationally, to embracing digital transformation and navigating generational transitions, each phase in development requires bespoke tools that only a leading financial partner can provide. To join the online event on October 2nd at 2:00 p.m. (CET), register now: https://ow.ly/G5Aw30sGMuG #intesasanpaolo #isbd #webinar #networkingtalks #privateequity #m&a #esg #digital #sme

“BANKING BEYOND THE BANK: FINANCIAL ALTERNATIVES TO SUPPORT THE GROWTH OF ENTERPRISES” is the new online event of the Intesa Sanpaolo’s “Networking Talks” series, entirely dedicated to Private Equity, M&A, and other financial solutions to support the growth of small and medium-sized enterprises (SMEs). Discover the opportunities and challenges of innovative financial strategies to promote business growth at every stage. With an informative and straightforward approach, the topic will be explored by experts, academics, and market participants, representing different perspectives to facilitate understanding and decision-making. From implementing ESG-compliant policies and expanding internationally, to embracing digital transformation and navigating generational transitions, each phase in development requires bespoke tools that only a leading financial partner can provide. To join the online event on October 2nd at 2:00 p.m. (CET), register now: https://ow.ly/i7s830sGHAr #intesasanpaolo #isbd #webinar #networkingtalks #privateequity #m&a #esg #digital #sme

In a landscape marked by continuously evolving challenges and opportunities, banking leaders remain confident in the growth potential of their organizations and the industry as a whole. The KPMG 2024 Banking CEO Outlook highlights that generative AI is gaining prominence as a top investment priority, while ESG factors continue to be recognized as significant drivers for growth. As we look ahead, key considerations for banking leaders include navigating today’s uncertain geopolitical climate and the ongoing efforts to attract and retain top talent. Read more in the latest edition of KPMG 2024 Banking CEO Outlook. https://lnkd.in/eFBheVJ3