Banking & Financial Services
Banking & Financial Services

Industry Insights

Financial institutions and banks in particular are still facing the brunt of the global economic crisis. Access to capital remains a major issue, maintaining liquidity is a major concern and there is heavy price competition. In an effort to stay profitable, institutions have been taking various initiatives like across-the-board cost reductions, restructuring business through divestment of non-core/ non performing operations and staff retrenchment. Inspite of all the doom and gloom, the current market conditions present vast opportunities for enterprises that are cash or capital rich to take marketshare in profitable segments from their weakened competitors. What is required is innovative thinking, re-engineered operating models and dramatic transformation programmes.

GSC Services

GSC helps commercial banks, investment banks, brokerage and securities firms, insurance companies, credit card companies, asset managers, consumer finance companies and other financial institutions to achieve sustainable and profitable growth through strategic, operational and technological initiatives. Our specialised financial consultants understand the challeges facing the industry and have an indepth understanding of operations, regulations and growth drivers.

We offer a range of services specifically tailored to the banking and financial sector organisations including:


  • Ensuring regulatory compliance including Basel II implementation and testing disclosure controls
  • Developing business strategy like retail banking strategy, mortgage strategy etc.
  • Putting an effective risk management and anti-fraud policy in place
  • Review of existing IT systems and processes and Implementing new IT systems and solutions
  • Recommending core banking solutions
  • Implementing business analytics for banks
  • Ensuring governance and internal control over financial reporting
  • Recommending tax strategies that reduce rates and avoid reputational risk
  • Internal audit
  • Mitigating bad debts and maximising returns
  • Streamlining business processes
In an effort to stay profitable, institutions have been taking various initiatives like across- the-board cost reductions, restructuring business through divestment of non-core/ non performing operations and staff retrenchment.

Inspite of all the doom and gloom, the current market conditions present vast opportunities for enterprises that are cash or capital rich to take marketshare in profitable segments from their weakened competitors. What is required is innovative thinking, re-engineered operating models and dramatic transformation programmes.