A Look at the World’s Leading Fintech Consultants
For many fintechs, from startups to established industry players, the support they receive from consultants is often vital to help them operate at the peak of their capabilities.
From strategic planning to regulatory compliance and technology integration, consultants support fintechs throughout all stages of their growth journey.
Throughout, we look at the Top 10 ways in which consultants support fintechs today.
- Strategic Planning: Identify market opportunities and advise on product development.
- Regulatory Compliance: Assist with navigating regulatory environments in different jurisdictions.
- Market Research and Analysis: Conduct market research to understand trends, customer needs, and competitive landscapes.
- Risk Management: Develop strategies to mitigate risks related to technology, cybersecurity and operations.
Fintech consulting leader: Capgemini
Consulting leader Capgemini offers a comprehensive suite of services designed to empower fintechs across the full spectrum of their operations. Its Technology Advisory provides leading counsel on technology architecture and innovation alignment on a fintech’s specific business objectives.
This bespoke support helps Capgemini stand out for its advisory services, alongside its digital transformation capabilities, which support its fintech clients in delivering enhanced, tailored customer experiences.
Its services also include regulatory compliance solutions and robust cybersecurity offerings to fortify fintech platforms and protect sensitive data. Capgemini's expertise also extends to data analytics, cloud services optimisation, and blockchain and DLT integration.
Capgemini’s Innovation Labs is an incubator service to support new startups in ideation prototyping, and testing ground breaking solutions – with the aim that these fintechs continue using Capgemini consulting services as they mature.
- Financial Modelling and Funding: Create financial models to support business planning and investment decisions.
- Digital Transformation: Implement strategies to improve customer experiences through digital channels.
- Innovation and Product Development: Help design and launch new fintech products and services.
Fintech consulting leader: McKinsey & Co
The oldest and largest of the big three management consultancies, McKinsey & Co has firmly established itself as a key supporter of fintechs. Its Panorama Fintech product suite aids executives in effectively navigating and operating within digital banking ecosystems.
What’s more, McKinsey & Co provides insights and intelligence on over 6,000 innovations across areas such as robo-advisory, digital SME lending, payments infrastructure, and 35 different areas of disruption. Additionally, the consultancy consistently delivers expert insights and analysis on its fintech insights page, as its team of advisors continues to drive transformative change for both financial institutions and fintechs.
Furthermore, the consultant is helping fintech players across the business scale spectrum capture value through open banking.
- Partnership and Collaboration: Negotiate and manage partnerships to drive business growth.
- Customer Experience Enhancement: Implement customer feedback mechanisms to continually refine services.
- Operational Efficiency: Streamline business processes to improve efficiency and reduce costs.
Fintech consulting leader: Deloitte
Another of the big four consulting firms and an instantly recognisable name, Deloitte offers a comprehensive range of services to support fintechs, from startups to established players.
For startups, Deloitte assists with company formation, prepares them for shareholder investment and provides guidance on international expansion and restructuring. The firm also handles licence applications to supervisory authorities on behalf of its clients.
Legal consultations also encompass a significant area of Deloitte's services. The consultant offers daily advice on critical business risk management issues. It provides further legal support for regulatory compliance and due diligence and advises on the legal aspects of implementing blockchain technology in business operations.
Deloitte also supports its clients with data protection and cybersecurity services and offers consultations on tax obligations and financial advisory services.
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