Magath’s financial services industry specialists provide comprehensive, integrated solutions to the Banking & Securities, Insurance, and Investment Management sectors. Our breadth of services and industry knowledge allow us to understand each client’s unique business needs.

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds and some government-sponsored enterprises. Financial services companies are present in all economically developed geographic locations and tend to cluster in local, national, regional and international financial centers such as London, New York City, and Tokyo.

In a highly regulated and competitive market, banks need every advantage to exceed customer expectations and differentiate. It is no longer enough to offer simple and automated Banking services. In order to build loyalty and drive profitability, banks will need to offer a non-stop interactive Banking environment. To achieve this, banks need to increase their business agility by anticipating customer needs and offer an engaging user experience.

Payments Transformation Loans Origination and Processing Mobile and Digital Transformation Core Banking Transformation Business Simplification Regulatory Compliance

Corporate Banks are seeing strong recovery from the global financial crisis. The new battleground is firmly established around greater customer focus, covering client retention as well as growth strategies. Investments are being made in digital transformation covering online and mobile, better CRM capabilities, quicker account opening, automation of on boarding processes, and also in improving relationship managers’ productivity.
Core platform renewal has retained good investment focus. Platforms are being enhanced to simplify business operations, as well as support new products and business models – for example payment hubs, lending/trade finance platform simplification, cash management expansion, and analytics/big data.

Magath’s Corporate/Commercial Banking competency offers an array of solutions and services covering the end to end value chain across front office, mid-office, back-office products, operations, and IT. We actively support you around all aspects of the value chain, from CRM and onboarding, online and mobile channel transformation, cash/treasury management, payments, trade finance, commercial lending, to analytics and core banking, among others.

Magath Transforming Insurance
Our global insurance practice blends an unrivalled depth and breadth of Insurance Industry knowledge with a rich set of core capabilities in Business Consultancy, Systems Integration and Applications Management.
The global insurance practice focuses on the future of the insurance industry across life, annuity, reinsurance, personal and commercial lines, with a particular focus on the alignment of ERP/EBS solutions to meet the specific needs of our clients in those industries.