Digital Banking
Secure, technology-driven banking solutions built for modern financial needs.
The modern technology age has truly transformed the way we live. All things digital has changed the way we live and conduct our financial affairs and push organizations to change along at a pace never seen before. As organizations attempt to stay ahead of the digital curve they will face a number of digital challenges and opportunities with success achieved through patience, long-term investment and genuine understanding changing market dynamics.
Arete helps its clients accelerate the Digital transformation of their organization from Digital Client Acquisition, Digital Relationship & Client Engagement, Digitization of Branch and Operational processes and Big Data Analytics.
Wholesale & Commercial Banking
Strategic banking services supporting large enterprises and complex operations.
Banks today, like their company clients, face the challenge of an ever-demanding and global client base. Although a global scale will present opportunities to capture new markets and Revenue streams, it also presents a challenge on how to effectively scale a business. Wholesale and Commercial banks are operating in an era of uncertainty. Increased regulations and the financial crisis has left many organizations unstable, in need of a transformation to re-present themselves to clients operating in a new world of global trade, regulatory challenges and an ever-demanding corporate client base expecting the most from their frugal banking relationships.
Arete brings years of Wholesale & Commercial banking experience to solve Bank’s immediate needs to adapt to the changing business dynamics. We have helped a wide range of Wholesale and commercial clients explore differentiated business models to better target and serve their corporate client base and drive bottom line results.
Private Banking
Personalized wealth and banking solutions for high-value clients.
Private Banking Industry is growing rapidly across the Globe. Industry is undergoing significant transformation due to changing client expectation with Gen Y and Digital and regulatory changes impacting the industry. There is a need for constant evolution of the business model.
Arete Wealth Management practice brings insights into Private Banking business in defining and executing the new business model to meet client and regulatory requirements.
We work in our clients to help in building Digital Acquisition and Relationship management Process, help implementing new process required due to regulatory changes and design Optimal Risk, Product, Operations and Technology support.
Retail Banking
Customer-focused banking services across digital and traditional channels.
Retail banking business model is rapidly evolving due to impact of technology and increasing client sophistication. Banks are pursuing Omni-Channel strategy to give clients a seamless experience. Traditional role of branches is changing from pure transaction processing to very limited transaction processing and more as advisory centers. Digitization of processes is helping improve client experience, enhance controls and reduce cost.
Arete helps banks in defining and implementing new retail banking business models. We help clients transform their Branch Network and integrate alternative channels: Call centers, Internet, Mobile, Direct Sales Force, Social Media etc. to provide an enhanced client experience at lower cost.
We work with our clients to construct segment specific process design tailor made to their product and services.
Consumer Finance
Flexible financial solutions designed for individual and household needs.
Consumer Finance business is highly cyclical and is impacted by changes in economic environment. Over the years, consumer finance margins have come down, putting pressure on banks to constantly reduce cost and improve profitability and loss experience.
Arete supports a wide range of banking and consumer finance firms deliver amidst a drastically changing ecosystem, in which regulatory challenges, consumer deleveraging and changing channel dynamics present significant bottom line obstacles. Our approach to client engagement is customized and collaborative, and combines deep industry and domain expertise and experience with practical and pragmatic approach.
Arete works with the banks to develop and implement alternative client acquisition strategy including leveraging digital channels, dynamic score cards and big data. Arete Analytics brings sophisticated consumer insights to increase client cross-sell, Increase client retention, manage risk and improve service quality.
Insurance
Risk management and protection solutions for financial security.
Despite the continued decline in the banking sector following the global financial crisis, the insurance market has remained remarkably strong and stable with demand for insurance products and services continued to grow.
Global legislation has pressured management to absorb precious resources, driving cost reduction amidst increased competition causing some insurers to withdraw from long-standing core markets and product lines and re-evaluate operating models or trying to leverage digital tools to provide better products and services more competitively.
Arete works with clients to re-engineer processes from underwriting to claims management to enhance client experience and reduce cost.
Payments
Efficient, secure payment systems enabling seamless transactions.
Amidst a digital revolution, payments is quickly changing opening doors for disruptive technologies to provide enhanced tools and features for quick easy and secure payments for individuals, companies and governments.Individual to Individual payments, companies to companies and companies to individual payments are undergoing changes to become real-time with low transaction cost.
Arete helps its clients to redefine and integrate payment and information flow to provide real time platform across different segments.