Financial Institutions & Banking
Procurement and Supply Chain Consulting
Key strategies to deliver value to financial institutions
Holistic Cost Optimization & Agile Procurement Models
Optimizing high-impact indirect spend areas such as IT, marketing, and professional services, while enabling cost-flexible supplier models. Ensuring long-term financial resilience by aligning procurement strategies with business priorities.
Technology Cost Containment
Smart vendor consolidation, software licensing optimization, and procurement-driven cost transparency ensure cost-efficient technology investments for core banking modernization and cloud migration.
Third-Party Risk Management & Regulatory Compliance
Implementing supplier due diligence processes, risk mitigation models, and DORA-aligned procurement strategies to strengthen fraud prevention, cybersecurity readiness, and ESG compliance. Enhancing supplier governance structures to ensure seamless regulatory adherence.
How we deliver Procurement Excellence in Financial Services and Banking?
Hardly any other industry is as affected by digital upheaval as the financial sector: new players are constantly entering the market, and FinTechs are serious competitors. Keeping up with technological innovations and helping to shape the future of the industry is the biggest challenge for most banks and insurance companies.
Through procurement optimization, financial service providers can not only achieve significant savings that have a direct impact on cash flow and the P&L, but our professional procurement experts are also an important partner in the development and implementation of future strategies and trends, such as in the area of digitalization.
Cost-to-Income Optimization
End-to-end cost reduction programs help financial institutions achieve sustainable profitability by optimizing high-impact spend categories and eliminating inefficiencies. With third-party spend accounting for up to 45% of operating expenses, improving procurement strategies is a key driver of margin improvement.
Applying structured cost-to-income methodologies, procurement enables institutions to align costs with business priorities while ensuring service quality and risk
resilience. Strategic sourcing approaches help institutions identify non-essential expenses, optimize supplier contracts, and improve financial agility.
Indirect Spend Optimization
Unlocking efficiencies in IT, marketing, and professional services ensures that financial institutions reduce costs while maintaining operational excellence.
IT infrastructure is a significant cost driver in financial services, with cloud platforms, software licensing, and outsourced IT services often leading to vendor lock-in and cost inefficiencies.
Optimizing technology procurement through renegotiated vendor contracts, smarter licensing agreements, and consolidated supplier portfolios reduces unnecessary IT expenses while maintaining digital innovation.
Outsourcing is a common strategy for financial institutions seeking operational flexibility, but without structured supplier governance, contracts often become cost-inefficient.
Enhancing outsourcing models, renegotiating service agreements, and implementing performance-based contracts helps institutions maintain cost control, improve service quality, and ensure supplier accountability.
Financial institutions invest heavily in digital marketing, customer acquisition, and brand positioning, but fragmented agency structures and ineffective cost controls often lead to budget inefficiencies.
Optimizing marketing procurement through agency consolidation, AI-driven cost control measures, and structured media buying strategies ensures that institutions maximize ROI while reducing unnecessary expenditures.
Digital Procurement & AI-Driven Sourcing
Leveraging AI-powered procurement platforms, spend analytics, and automation, financial institutions can enhance procurement efficiency, reduce manual workload, and improve cost visibility. Traditional procurement processes often lead to slow decision-making, fragmented data, and inefficiencies—creating unnecessary risks and costs.
Advanced e-sourcing platforms, contract automation, and AI-driven analytics enable procurement teams to make faster, data-informed decisions, optimize supplier
negotiations, and streamline sourcing workflows. Implementing digital procurement strategies ensures that banks and financial institutions remain agile, cost-effective, and competitive in a rapidly evolving market.
Supplier Risk Management & ESG Compliance
Strengthening third-party governance, fraud prevention, and sustainability practices is essential in a heavily regulated financial sector. With increasing compliance demands under DORA, ESG regulations, and financial risk management frameworks, institutions must ensure that procurement strategies actively mitigate supplier risks and enforce regulatory alignment.
A structured approach to third-party risk management (TPRM) includes supplier due diligence, contract risk mitigation, and compliance
monitoring. Embedding ESG-aligned sourcing strategies not only enhances corporate responsibility and sustainability but also strengthens long-term supplier resilience and reputational trust.
Our Financial Institutions & Banking Experts
Our insights from the Financial Industry
