All companies are currently facing an unprecedented wave of technology that is profoundly changing their ways of working and understanding their respective markets and ecosystems. Traditional business models are being called into question due to new consumer expectations and economic trends.
We operate in various sectors of activity and have a wealth of experience, based on our knowledge of the specific characteristics of each sector.
We will support you in making the right choices and transforming your business in a practical and independent way. We will help you to innovate in order to stay competitive and to meet and even exceed your objectives. We ensure that you use digital technology to develop new business models and improve your performance.
Regulations are changing at an unprecedented speed and market players are required to increase the level and quality of their capital, comply with new regulations (Basel III, Basel IV, FINREP 2020, IFRS 17/IFRS 9, Solvency II, etc.), change their approach to risk management, and strengthen internal control processes.
The operational processes of businesses can be completely redesigned by introducing new approaches to work organisation (collaborative, agile, centralised/decentralised) and by using new technologies as an additional lever. As there are multiple options involved depending on the process, these operational efficiency projects can pose a challenge for companies and their teams (transformation or innovation to prevent obsolescence) and require specific working approaches.
The emergence of a platform-dominated world presents considerable opportunities to create new business models for banks and insurance companies in partnership with ecosystems (Fintech, AssurTech, BioTech, RegTech). There is now an openness to new and complementary services/networks via Open Banking and Open Insurance.
These new platforms integrate digital innovations (RPA and AI) and are paving the way for developing new services/products.
The customer experience has become an essential part of building loyalty among consumers of banking and insurance services.
A rethink of the very concept of services/products is required with regard to new uses.
Expectations are changing at an ever-faster rate with the rise of digital technology, and the increase in the mobility and plurality of offers.
The relaxing of regulations relating to the cancellation process and the new on-demand banking and insurance products has resulted in a more fluid customer base.
Topics such as Know Your Customer (KYC), DataScience and BigData are rapidly growing in importance in line with the more widespread adoption of the Cloud in businesses.
We regularly connect our clients with each other during special events (breakfast, etc.) in order to benefit from each other’s feedback, to discuss issues and to share best practices.
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Synvance is guiding and accompanying you to succeed in your transformation.
