Operational efficiency

Effectively identifying lasting savings

With increasing pressure being placed on bank IT infrastructure and budgets, cost reduction continues to be at the top of the industry’s agenda. Operations managers increasingly demand year-on-year operational efficiency improvements of between 10 and 20%. The simplest cost saving strategies have already been implemented, however, so over time it’s becoming increasingly difficult to keep meeting efficiency improvement targets.

Cost savings

Migrate functions to low-cost locations

Cost reduction initiatives - to succeed, there has to be an exceptional business case with the promise of a rapid return on investment.

Automate manual practices

Understanding the required techniques

Our operations specialists use an agile operational efficiency methodology to challenge current operating models, processes, and/or control points and accelerate the process.

Documentation and staff

Improved documentation and headcounts

The GFT solution recognises that much of the information required to enable improved operational efficiency resides in existing documentation and/or with existing operational staff.

Our GFT solution recognises that much of the information required to enable improved operational efficiency resides in existing documentation, with existing operational staff, or both. The challenge faced by the institution is that they rarely have the capacity of required techniques to connect and use such knowledge.”

Graeme Wood Joint Post Trade Practice Lead

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Rapid acceleration

Improve efficiencies and cut costs

Break down user stories into two-week deliverables, which are then agreed and prioritised according to the needs of the business head. This process is repeated for each set of user stories until project completion.

Domain knowledge

Experienced operations specialists

The opportunity to foster thought and opinion within the business and to implement organic change through a short, iterative and easily measurable process led by a highly experienced and skilled GFT team.

Cross market expertise

Best possible business targets

An agile prioritisation process allowing flexibility as priorities change, with a scalable analysis and delivery process that can be scoped around individual themes or single departments or across multiple operations.