Services Financial Institutions
The financial services industry has been subjected to a period of prolonged turmoil, with the financial institutions facing most of the challenges due to increasing regulatory requirements and long-lasting period of low interest rates.
Following a surge of newly established small and medium financial institutions, and with more stringent customer requirements in terms of cost of services and maximum possible shift to electronic solutions minimizing the need for direct personal contact with institutions, traditional large institutions face great challenges. Nowadays, the key for success is the ability to adjust to dynamic conditions and strict regulations.
Grant Thornton helps financial institutions on the Czech and Slovak markets and in other EU countries create strategies and better meet clients’ expectations. We assist banks, insurance companies and security traders in meeting regulatory requirements, we establish risk management systems, help them implement new IT systems and improve the full range of internal processes. Our financial institution experts helped co-found the Club of Financial Directors, the Czech Association of Treasury and the International Banking Retail Council. We provide consultancy services in the area of banking, financial markets and insurance to the following key companies: ČSOB, Raiffeisenbank, Česká pojišťovna, Česká spořitelna, Kooperativa, AKCENTA, Volksbank, UniCredit.
Grant Thornton offers advisory services and supports financial institutions in the following areas:
- Financial management and financial management processes,
- Regulatory, risk and compliance,
- Strategic advisory,
- Sales and marketing,
- Cross-border tax issues