This paper explores the nature of the underlying business complexity in financial services - how to evaluate and get at it, and how to begin to transform the enterprise into a more flexible and scalable business. Using a case study of a leading consumer finance company that achieved 25% improvement in operating efficiency and 40% in IT, we show how it is possible to make substantial progress in complexity reduction by applying a "front-to-back optimization" approach focused on the drivers of complexity.
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capabilities
- Actuarial Consulting
- Climate And Sustainability
- Customer Innovation And Growth
- Digital
- Finance, Risk, And Restructuring
- Mergers And Acquisitions
- Oliver Wyman Engineers
- Operations
- Payments And Digital Economy
- People And Organizational Performance
- Performance Transformation
- Pricing, Sales, And Marketing
- Risk Management
- Strategy
- Turnaround And Restructuring